Economic Development
Unemployment Rates Drop Across Mahoning Valley
Tuesday, October 21, 2014YOUNGSTOWN, Ohio -- Youngstown’s unemployment rate last month was down three full percentage points from a year earlier, the latest state data show.
The city’s unemployment rate in September was 7.0%, down form 10% in September 2013 and from 7.7% in August, according to data released this morning but the Ohio Department of Job and Family Services.
Warren’s unemployment drop was nearly as dramatic. Its unemployment rate in September was 6.0%, down 8.6% form a year earlier and down from 6.7% in August.
CCPA Seeks to Refinance Network Operations Center
Tuesday, October 21, 2014EAST LIVERPOOL, Ohio -- The Columbiana County Port Authority engaged the investment banking firm of Stern Brothers & Co. Monday night to find a buyer of the taxable adjustable-rate bonds it sold in 2006 to finance construction of the Network Operations Center building outside Leetonia.
The authority has $2.1 million in principal to repay the owner of the bonds, Fifth Third Bank. The original sum financed was $2.4 million.
Regional Chamber Names Rossi Foundation President
Monday, October 20, 2014YOUNGSTOWN, Ohio -- The Youngstown/Warren Regional Chamber this morning announced attorney John Rossi of Cortland as its foundation president.
Rossi will concentrate on support and growth for the foundation, which was formed in 1993 as one of the funding arms of the Regional Chamber’s economic development division.
He has served as a consultant to the chamber for the past two years, initiating the Route 422 Corridor Master Plan and leading the Youngstown Air Reserve Station’s enhancement efforts for the chamber. He will continue to lead these efforts in his new role.
Ohio New Business Filings Nearly 8K in September
Monday, October 20, 2014COLUMBUS, Ohio -- In September, 7,947 new entities filed to do business in Ohio, up from 6,239 the same month a year earlier, the office of Secretary of State Jon Husted reports.
Year to date though September, there have been 71,668 new business filings through the office, compared with the 68,562 filings during the first nine months of 2013.
Economic Action Group Mobilizes Downtown Ideas
Monday, October 20, 2014YOUNGSTOWN, Ohio -- A grassroots initiative launched a year ago is becoming a driving force for downtown revitalization.
The Economic Action Group, which met for the first time last December, will hold its 10th meeting Tuesday afternoon at the Youngstown Business Incubator. During the meeting, downtown property owners will make presentations regarding past projects and future development plans.