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Business

Meatball Mafia organizes food in Columbus

The idea of an Italian-American food truck themed after Youngstown’s ties to the mob serving meatballs in Ohio’s capital city would never work. That’s what Robert DelliQuadri remembers from a conversation with a buddy in the food truck business. “His first response was, ‘nobody ...

Huge economic plunge reveals COVID-19’s toll

WASHINGTON — The coronavirus pandemic sent the U.S. economy plunging by a record-breaking 32.9 percent annual rate last quarter and is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no sign of abating. The ...

Chemical plant in Ravenna to close

RAVENNA — Global chemical and tech firm Johnson Matthey will close its Ravenna plant west of Newton Falls, affecting 55 employees, according to a mass layoff notice filed with the state. The closure is expected to start in October and wind down in February. Johnson Matthey acquired the ...

Farmers reports increase in income

CANFIELD — Farmers National Banc Corp. reported second quarter of 2020 net income of $11 million, compared with $8.5 million for the same quarter in 2019, and $8.6 million for the linked quarter. The quarter marked the 150th in a row of profitability for the Canfield-based company that ...

Premier shows gains in 2nd quarter

YOUNGSTOWN — Premier Financial Corp., the holding company for Premier Bank, reported net income of $29.1 million for the second quarter of 2020. In comparison, next income for the same quarter in 2019 was $12.2 million. Net income minus expenses related to the merger of United Community ...

TCF income reported at $23.8M

WARREN — TCF Financial Corp., the holding company for TCF Bank, the former Chemical Bank, reported second quarter 2020 income of $23.8 million, or 14 cents per diluted share, which is down 54.2 percent from the first quarter of 2020. Other financial highlights the company released this ...

Home improvement chain receives tax break from state

WARREN — A home improvement retail chain investing nearly $52 million to build a manufacturing and distribution center in Portage County west of Newton Falls was awarded a state tax credit to further the project. The Ohio Tax Credit Authority approved a 1.164 percent, seven-year credit for ...

Business briefs

AKRON CHILDREN’S RECOGNIZED: Akron Children’s Hospital has earned recognition as a Top Workplace by the Cleveland Plain Dealer for the sixth year in a row. The honor is based on employee feedback through a survey by Energage, LLC, a provider of technology-based employee engagement tools. ...

Valley jobless rate dips

WARREN — Jobless rates in Trumbull and Mahoning counties continue to inch back from highs that cracked 20 percent in April, but remain among the worst in Ohio. It’s the same circumstance — rates are trending downward, but are nowhere near pre-COVID-19 pandemic levels — for Warren ...

Primetals plant in Warren expands

WARREN — Primetals Technologies has finished moving parts of its manufacturing and service operations from Worcester, Mass., to a plant in Warren for its Morgoil product line of oil film bearings used in the metal industry. The Warren facility, 250 Dietz Road NE, has manufactured and ...

Chemical completing its conversion to TCF Bank

WARREN — The final conversion of Chemical Bank into Detroit-based TCF Bank is planned for early August, a switch Chemical customers in Trumbull and Mahoning counties should find to be seamless, officials said. “The most noticeable thing for our customers in Ohio will simply be the name ...

Gas prices drop 5 cents in NE Ohio

The average price for gasoline across northeast Ohio is 5 cents less this week at $2.10 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area, the average is also $2.10 and in Niles, the price settled at $2.07.The average for northeast Ohio this ...

Kinsman market has good intentions

KINSMAN — Amy and Floyd Davis searched high, low and in between in Trumbull County for the ideal location to bring to life their passion project, but all roads led back to home. “Every time we went out of this community, it never felt right,” Amy said. “We love this community and we ...

Menards gets $175K grant for rail work in NE Ohio

WARREN — A home improvement chain investing nearly $52 million to build a distribution and manufacturing center in Ravenna has gotten a state grant to spur on the project. Wisconsin-based Menards, which has 300 stores across the U.S. including its Elm Road NE, Warren, store, was awarded ...

PPE giveaway at Cerni

The Youngstown Warren Regional Chamber with its partners will give away personal protective equipment (PPE) kits to small businesses to help them stay safe and within Ohio’s safety guidelines during the viral outbreak. The kits contain 100 three-ply masks, 10 KN-95 masks and a 24-ounce ...

Levin Furniture to open outlet at Eastwood Mall

NILES — Levin Furniture will open its first discount furniture and mattress outlet at the Eastwood Mall Complex, the Pittsburgh-based company announced. The store will occupy the former 65,000-square-foot Gander Outdoors building in Howland Commons near Kohl’s, Burlington and Texas ...

Project launched to revive river

YOUNGSTOWN — The Eastgate Regional Council of Governments has launched the Mahoning River Corridor Revitalization Plan, which includes a hydraulic analysis of dams in the river. The analysis, which evaluates how removal of the dams would affect water levels, can help leaders in each ...

MVEDC rebrands itself

LIBERTY — The Mahoning Valley Economic Development Corp. has rebranded itself Valley Economic Development Partners, a move to better reflect the partnership role it plays with businesses, banks and the community. The organization recently received $5 million from the federal government to ...

Gas prices continue to fall in NE Ohio

The average price for gasoline across northeast Ohio is 2 cents less this week at $2.15 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area and in Niles, the average prices are $2.16 and $2.12 per gallon. The regional price this week last year was ...

Business briefs

PLATT TRANSITIONS TO INDEPENDENT AGENCY: Platt Insurance Group, 1866 Niles Cortland Road NE, Howland, recently became a fully independent insurance agency. Platt Insurance had been a Nationwide agency for nearly a decade, but as that company has shifted to an independent agent model, Platt ...