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Business

Business briefs

REGIONAL CHAMBER CANCELS EVENTS: The Youngstown Warren Regional Chamber has canceled several events in light of the coronavirus pandemic. Not happening are the leadership series Thursday, power lunch at Cocca’s Pizza in Boardman on April 7 and a drugs in the workplace seminar April ...

Private business investment up in 2019

The year 2019 was a banner year for private business investment in the Mahoning Valley, where companies put in $284.2 million to grow themselves, and to increase and better equip and train their workforces. Data compiled by the Youngstown Warren Regional Chamber and its economic development ...

Chamber, region partners to promote growth

YOUNGSTOWN — The Youngstown Warren Regional Chamber is partnering with several groups in Ashtabula and Columbiana counties to promote business growth in the Lake to River region of northeast Ohio. Joining the chamber are Growth Partnership for Ashtabula County, Columbiana County Port ...

Platz Realty Group acquires real estate firm

WARREN — Platz Realty Group has acquired Kutlick Realty LLC, making the new firm the largest commercial and industrial real estate firm in a five-county area. The acquisition recently was announced by Don Thomas, PGI2 / Platz Real Estate managing partner. Both firms are commercial, retail ...

Ways to check refund status

Taxpayers who filed their 2019 tax return and are waiting for their refund can check their refund status by going to IRS.gov and clicking on Get Your Refund Status to access the Where’s My Refund? tool. People can check the status of their tax return about 24 hours after the IRS acknowledges ...

Mike DeWine seeks aid for Ohio small businesses

COLUMBUS — Gov. Mike DeWine and Lt. Gov. Jon Husted have applied to the U.S. Small Business Administration to qualify the state for federal help for small businesses. The Economic Injury Disaster Loan program helps small businesses and nonprofit groups impacted by the coronavirus pandemic ...

Austintown company gets $21K grant for rail upgrades

AUSTINTOWN — United Freezer and Storage Co. has received $21,000 from the state to support rail upgrades at its North Meridian Road facility. The grant from the Ohio Rail Development Commission will help with $42,000 in improvements to a rail spur at the site that will allow the company to ...

Valley’s auto sales fall in February, up for the year

WARREN — Automobile dealers in the Mahoning Valley overcame lackluster sales in February to stay out in front of numbers they set in early 2019, albeit by a slim margin. In the first two months of the year, dealers in Trumbull, Mahoning and Columbiana counties sold 9,045 vehicles — 0.48 ...

Warren sits atop state with highest jobless rate

WARREN — Warren had the highest unemployment rate among cities in Ohio — 8.2 percent at the start of 2020 — and following closely at No. 2 was Youngstown at 7.6 percent, according to numbers from the state. Among counties in the Mahoning Valley, Trumbull County was 14th worst of ...

First Niles reports net income of $425K in 2019

NILES — First Niles Financial Inc., the holding company for Home Federal Savings and Loan Association of Niles, reported a net income of $425,000 for 2019, up from $219,000 for 2018. The income is equal to 38 cents per common share in 2019 compared to 19 cents per common share in 2018. For ...

Avalon Holdings Corp. announces 2019 results

WARREN — Avalon Holdings Corp. reported net operating revenue of $68.4 million for 2019, up from $62.2 million for 2018. For the first quarter of 2019, net revenue was $17.3 million, up from $15.9 million in the same quarter for 2018. The company incurred a loss of $500,000 for common ...

Business briefs

COMPANY GETS APPROVAL: Litco Manufacturing in Vienna, a division of Litco International, Inc., has received approval from the Association of American Railroads for the company’s dunnage and void-fill solution. The association’s Damage Prevention and Freight Claim Committee OK’d ...

ClarkDietrich enters joint venture

WARREN — Ohio-based ClarkDietrich and Hadley Group, a global cold-rolled steel company, are partnering to form CDH Custom Roll Form in Warren. Offices and manufacturing facilities are expected to be fully operational by June 1. The joint-venture company manufactures component and custom ...

Natural gas rates drop in March

Dominion Energy Ohio’s standard choice and standard service offer rates for March are $2.04 per thousand cubic feet (Mcf). The new rates are down 56 cents per Mcf, or 2.7 percent, from February, and 88 cents per Mcf, or 30 percent, from March 2019. Under the company’s filing with the ...

Industrial math class available

YOUNGSTOWN — The Mahoning Valley Manufacturers Coalition and Eastern Gateway Community College are partnering to offer an industrial math class for participants in area apprentice programs. The course, to start March 23, is two 40-hour classes and costs $800. Individuals must take both ...

Lordstown Motors pays millions in license fees

LORDSTOWN — Lordstown Motors Corp. paid $12.2 million in licensing fees to its minority partner Workhorse Group to use the Cincinnati-area company’s technology to launch the Endurance pickup truck. The payment is part of an agreement the electric vehicle manufacturers struck in November ...

Workforce development group gets endorsement

YOUNGSTOWN — The Mahoning Valley Manufacturers Coalition has been endorsed by the Ohio Manufacturers’ Association’s leadership committee as a local industry sector partner for its effort to grow the state’s manufacturing talent. Jessica Borza, coalition executive director, said the ...

Prisma expands space

GIRARD — Prisma Integration has added 5,600 square feet to its manufacturing space here, a move that lets the Italian company streamline its operation and one that positions it for further client and employee growth. Up until the manufacturing process coalesced into the 9,000-square-foot ...

Levin reacquires furniture stores

WARREN — Robert Levin, former president and owner of Pittsburgh-based Levin Furniture, has reacquired the company, saving it from going out of business. Levin obtained the Ohio and Pennsylvania assets of Levin Furniture, which has stores in Niles and Boardman, and Wolf Furniture through a ...

BRITE, incubator will partner with Air Force

BRITE Energy Innovators and the Youngstown Business Incubator will partner to support a program that identifies and connects the U.S. Air Force with universities and businesses to create and expand defense solutions. The Academic Partnership Engagement Experiment is a five-year partnership ...