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NYO to Host Open House for Urban Office Space
Wednesday, February 11, 2015
YOUNGSTOWN, Ohio -- NYO Property Group will hold an open house Thursday at its Urban Office Space to showcase the property as well as provide networking opportunities. The event will take place from 5 to 7 p.m. on the fourth floor of the 16 Wick Building downtown.
“Attendees will have the opportunity to see the new office spaces, network with local professionals and meet the hosts,” NYO said in a news release.
Fed Policy Analyst Addresses MVEDC Bankers' Breakfast
Wednesday, February 11, 2015
VIENNA TOWNSHIP, Ohio – The recovery continues to gain strength, large corporations report record profits and stock markets reflect this rebound from the Great Recession as they reach new levels.
Not fully participating in the recovery are many small businesses as reflected by levels of bank lending to this sector. Bank lending to small-business owners is yet to return to the levels before the Great Recession, a senior policy analyst at the Cleveland Fed told commercial lenders Tuesday.
WRPA Awaits Word on DOT's Response to ADI
Wednesday, February 11, 2015
VIENNA TOWNSHIP, Ohio -- Western Reserve Port Authority officials are awaiting word on whether Aerodynamics Inc. will be permitted to provide daily passenger service from the Youngstown-Warren Regional Airport.
Tomorrow is the deadline for the U.S. Department of Transportation to respond to ADI’s response, filed last Thursday, to the department’s show cause order that not only denied permission for the company to provide service to Chicago O’Hare International Airport but also questioned its fitness to operate its current service elsewhere.
First Niles Reports 4Q Net Income of $32,000
Wednesday, February 11, 2015
NILES, Ohio -- First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, Tuesday reported fourth-quarter net income of $32,000, or three cents a share, and full-year 2014 net income of $225,000, or 20 cents a share.
This compares to fourth-quarter 2013 net income of $23,000, or two cents a share, and a full-year 2013 net loss of $284,000, or a loss of 26 cents per share.
Chamber Provides Insights on Site Selection Process
Wednesday, February 11, 2015
YOUNGSTOWN, Ohio -- The World War II era admonition “Loose lips sink ships” conveys the top reason communities lose out on economic development projects, says the Youngtown Warren Regional Chamber's Sarah Boyarko.
“The lack of confidentiality is just a project killer,” Boyarko, vice president of economic development, North America, for the chamber, said Tuesday.
YSU Alumni Offer Focus to Liberal Art Students
Wednesday, February 11, 2015
YOUNGSTOWN, Ohio – In the lobby of DeBartolo Hall, alumni of Youngstown State University talked with students passing through Tuesday about the career paths available to those with degrees from the College of Liberal Arts and Social Sciences.
As part of YSU's new "Career Exploration Series," six alumni of the college talked to students about their time at YSU and what they did after graduation so students had a better idea of the jobs available.
Neomed, Cleveland VA Center to Coordinate Research
Wednesday, February 11, 2015
ROOTSTOWN, Ohio -- Northeast Ohio Medical University and the Louis Stokes Cleveland VA Medical Center have signed a memorandum of understanding that outlines a plan for coordination and collaboration on projects of mutual interest.
The memorandum will help both institutions improve the health status of veterans through an established research affiliation, the university said.
'3 Minutes With' Ann Marie Wiersch, Federal Reserve Bank of Cleveland
Wednesday, February 11, 2015VIENNA TOWNSHIP, Ohio -- In today's "3 Minutes With," Ann Marie Wiersch, a policy analyst with the Federal Reserve Bank of Cleveland, discusses the growing role alternative lending is playing in small business financing. She spoke Tuesday at the Mahoning Valley Economic Development Corp.’s annual Lenders’ Appreciation Breakfast (READ STORY).
"3 Minutes With" is a daily video feature produced by The Business Journal.
MVEDC Names Huntington Its Most Active Lender
Tuesday, February 10, 2015
VIENNA TOWNSHIP, Ohio -- The Mahoning Valley Economic Development Corp. honored Huntington Bank this morning as its most active lender and awarded the bank its Perpetual Plaque. The bank gets to keep the plaque for a year.
The award was presented at the MVEDC’s annual “Lenders’ Appreciation Breakfast,” held at the Avalon Golf & Country club Squaw Creek.
Huntington’s Dave Howard, vice president business banking and MVEDC’s “Lender of the Year,” accepted the first award for working with the economic development agency to review the most applications.
New Permit for Columbiana as Utica Rig Count Falls
Tuesday, February 10, 2015
YOUNGSTOWN, Ohio -- The number of rigs drilling in Ohio's Utica shale continued to decline last week as producers scaled back exploration programs in the face of low oil and gas prices.
The rig count dropped to 38 in the Utica during the week ended Feb. 7 compared to 40 in operation during the previous week. In early January, the rig count was as high as 53.
The Ohio Department of Natural Resources last week issued 12 permits for horizontal wells, one of which is slated for Columbiana County.