Cleveland Startups Add Millions to Ohio Economy
Tuesday, July 23, 2013CLEVELAND -- A recently released study shows that startups in Greater Cleveland have contributed significantly to Ohio's economy, contributions that increase as the tech companies mature. In 2012, 127 young companies collectively generated $270 million in economic benefits for Ohio, $211 million of that figure for northeastern Ohio, the report states.
Investors Work to Revive P&LE Rail Yard in Struthers
Monday, July 22, 2013STRUTHERS, Ohio -- At the height of the Mahoning Valley’s industrial prowess, the Gateway Yard of the Pittsburgh & Lake Erie Railroad here helped to move massive amounts of steel that the mills in the region produced, steel used in the girders of the skyscrapers in the cities of America.
Chamber to Salute Dickten, Mastervich, Catullo
Monday, July 22, 2013YOUNGSTOWN, Ohio – An official with Vallourec Star, which earlier this year unveiled its new $1 billion mill, is among the honorees at the Youngstown/Warren Regional Chamber’s upcoming Salute to Business breakfast. U.S. Rep. Tim Ryan, D-13 Ohio, will be the keynote speaker at the event, which will take place Aug. 29 at Mr. Anthony’s Banquet Center in Boardman.
NABE Finds ‘Stepped-Up’ Growth in Jobs, Payroll
Monday, July 22, 2013WASHINGTON -- The most recent quarterly survey by the National Association for Business Economics finds sales continue to advance but at the slowest rate of the year.
The chief economists of 65 companies or trade associations participated in the NABE survey between June 18 and July 2 that inquired how their companies have performed and their outlook for the near term.
VibrantNEO Plans Upcoming Valley Events
Monday, July 22, 2013YOUNGSTOWN, Ohio -- The VibrantNEO initiative is coming to the Mahoning Valley over the next few weeks to provide a look at alternative scenarios for the Northeast Ohio region, and give residents a chance to help shape the region's future.
'3 Minutes With' Steven Owen, Corrections Corporation of America
Monday, July 22, 2013YOUNGSTOWN, Ohio -- In today's "3 Minutes With," Steven Owen, senior director of public relations for Corrections Corporation of America, discusses the upcoming bid for a new contract with the Federal Bureau of Prisons and the local economic impact of CCA’s Northeast Ohio Correctional Center. Owen met Thursday with The Business Journal's editorial board (READ STORY).
BWC Investigators Identify $55 Million in Savings
Monday, July 22, 2013COLUMBUS, Ohio -- After closing 2,000 claimants’ cases last year, the Ohio Bureau of Workers’ Compensation Special Investigations Department identified more than $55 million in savings for the State Insurance Fund. The closed cases included 140 criminal convictions and 236 referrals for prosecution, Jennifer Saunders, interim director of the department, says.
National Bancshares Corp. Posts Record Earnings
Monday, July 22, 2013ORRVILLE, Ohio -- National Bancshares Corp., holding company of First National Bank of Orrville, reports record second-quarter net income of $1.018 million, or 46 cents a share (basic and diluted.
This compares to first-quarter net income of $946,000, or 42 cents a share, and second-quarter 2012 net income of $857,000, or 14 cents a share.
For the first six months, net income was a record $1.964 million, or 88 cents a share, compared to $1.017 million, or 46 cents a share, the same period a year ago.
Opponents Renew Fracking Bill of Rights Initiative
Saturday, July 20, 2013YOUNGSTOWN, Ohio -- Three months after the push to pass a community bill of rights failed in the May primary, a group seeking to ban drilling, hydraulic fracturing and injection wells in the city is once again seeking to place the measure before voters.
FrackFree Mahoning Valley is soliciting signatures to have the measure placed on the ballot in the general election in November, reports member Susie Beiersdorfer.
D&L Energy Appeals Commission's Ruling
Friday, July 19, 2013YOUNGSTOWN, Ohio – D&L Energy Inc. has appealed to the Franklin County Common Pleas Court in Columbus to rule on the findings of the Ohio Oil and Gas Commission, which last month affirmed an earlier state order revoking the company's operating permits, according to court documents.
D&L attorneys filed the appeal Friday, court documents show.