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Business

Area businesses called to ‘emerge’ safely from virus

WARREN — The Youngstown Warren Regional Chamber and tourism bureaus in Trumbull and Mahoning counties are encouraging local businesses to sign a pledge to emerge safely from the virus outbreak. The “Pledge to EMERGE Safely” assures customers and guests that each of the chamber’s ...

Northeast Ohio gasoline prices increase 15 cents

The average price for gasoline across northeast Ohio is 15 cents higher this week at $2.21 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area, the average price is $2.18 per gallon and in Niles, $2.26 per gallon. The average price for the northeast ...

CEO pay topped $12.3M

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between bosses and their workforces widened further, according to AP’s annual survey of executive compensation. Median pay for CEOs in the survey climbed 4.1 percent last year. For the ...

Sheet and Tube workers may have asbestos claims

YOUNGSTOWN — Plant workers employed before 1981 diagnosed with various cancers caused by asbestos exposure are entitled to special benefits. Asbestos-laced products were used for decades at Youngstown Sheet and Tube, and neither employees nor management were aware of the asbestos risk. ...

BRITE gets grant to help tech startups survive

WARREN — BRITE Energy Innovators is the recipient of a $50,000 grant from the Wells Fargo Innovation Incubator (IN2) to help energy and clean-tech startups make it through the viral pandemic. The funding is part of $900,000 that IN2 awarded to 18 groups across the U.S. to stay on the path ...

Fed chairman to lead forum on workforce

Federal Reserve Chairman Jerome Powell and Cleveland Fed President and CEO Loretta J. Mester will join local workforce, economic development and community officials on a virtual discussion about the Mahoning Valley workforce. The video conference, “Building a Resilient Workforce,” will ...

Dominion commits $5M to social-justice groups

Dominion Energy, parent company of Dominion Energy Ohio, and its charitable foundation are committing $5 million to help community reconciliation and rebuilding across the company’s 20-state footprint. The funds will support nonprofit organizations advocating for social justice and ...

Eastern Gateway to conduct its virtual graduation today

YOUNGSTOWN — Eastern Gateway Community College will hold its 51st commencement ceremony, this one virtual, today for the Class of 2020. It begins at 11 a.m. with the “2020 Faces of EGCC” a ceremony to be broadcast on YouTube, Facebook and Twitter at noon.

Reopenings slow layoffs

More than 34,000 Ohioans filed unemployment claims during the last week of May, the state reported Thursday. That’s the lowest figure since Ohio’s stay-at-home orders depressed the economy and led to widespread layoffs. The 34,575 claims filed for the week ending May 30 are down from ...

Home Savings Bank announces new brand

YOUNGSTOWN — Home Savings Bank and First Federal Bank of the Midwest in Defiance have a new logo and branding for when they begin to operate as Premier Bank. The 78 branches will begin adopting the Premier Bank name and branding platform this month and complete the transition with full ...

Howmet Aerospace releases dividend

WEATHERSFIELD — Howmet Aerospace, the former Arconic Inc. in Weathersfield, has declared a second quarter dividend of 93.75 cents per share on the outstanding $3.75 Class A stock of the company. The dividend will be paid July 1 to shareholders of record at the close of business June ...

Eastern Gateway gets OK to seek financing for buildings

YOUNGSTOWN — Eastern Gateway Community College can proceed with plans to buy and renovate two buildings that will anchor the school in the downtown. The Ohio Controlling Board has given the Steubenville-based college permission to buy Thomas Humphries Hall, the school’s main campus at 101 ...

Aim expands to Indianapolis

YOUNGSTOWN — Aim Transportation Services has acquired McCoy’s NationaLease’s full-service lease and rental businesses in Indianapolis, bolstering the Youngstown-based company’s presence in the Midwest. “We are excited to welcome the McCoy Indy employees to Aim, and we are looking ...

Business briefs

YSU GRADS RECOGNIZED: Several local people were among 16 students in the Williamson College of Business Administration who received WCBA Senior Leadership Awards during Youngstown State University’s recent spring graduation. The award recognizes outstanding academic performance, leadership ...

YSU student keeps shoes fresh

Click here to learn more about MBG Restoring LLC. AUSTINTOWN — Maeson Green suspected there was potential to grow a business in the sneakerhead and shoe fashion culture, even as a young teen. MBG Restoring LLC began small, as most good business ideas do, with a 15-year-old Green cleaning ...

Lordstown Motors gets pledge for 900 pickups

LORDSTOWN — Lordstown Motors Corp. has a signed letter of intent from Westlake-based Momentum Groups to buy 900 battery-powered Endurance pickup trucks. Momentum Groups is a fleet management company that specializes in corporate vehicles, from ordering to disposal, including purchase or ...

Sheely’s to open second furniture store in Aurora

NORTH LIMA — Sheely’s Furniture and Appliance is opening a second store, this one in Aurora, as it expands into the Cleveland market. A grand opening is scheduled for Sept. 7 to 19 at the new location, 18813 N. Marketplace Drive at the Shops at Marketplace. The location has 80,000 ...

Port authority applies for $25 million grant

To read the Western Reserve Port Authority’s $25 million federal grant application for the Lordstown Smart Logistics Hub project, click here The initiative to transform state Route 45 into a smart corridor has a funding request in the hands of the U.S. Department of Transportation. The ...

Old Dominion requests tax break for terminal

WARREN — Trumbull County commissioners are considering a request from Old Dominion Freight Line to abate a portion of property taxes on a new terminal the trucking company plans to build in Lordstown. If approved, which seems likely when commissioners consider the application possibly as ...

Levin trying to buy back furniture chain

The former owner of Levin Furniture has negotiated a deal in bankruptcy court to reacquire the brand, but it’s undetermined as of yet whether closed stores in Niles and in Boardman will reopen. Those decisions and on which other stores will reopen will be made when the deal closes in a few ...