Komar Anchor Plumbing and Drain Service, a local full-service residential and business plumbing contractor, recently signed a contract to provide underground plumbing services to the new chill-can factory on Youngstown’s East Side.
The $20-million, high-tech chill-can factory will manufacture the Joseph Co. International Inc.’s self-chilling beverage cans. The CEO of the company is Joseph Mitchell, a Youngstown native.
Ohio’s mineral resources produced more than $1.6 billion worth of geologic commodities in 2016, according to a newly released report from the Ohio Department of Natural Resources. The total value of all nonfuel industrial minerals exceeded $1 billion for the third-straight year.
The Ohio Chamber of Commerce Research Foundation recently released the findings of its quarterly business leaders’ survey.
The statewide “prosperity pulse” moved down slightly from 5.1 to 5.0, the survey found.
The “prosperity pulse” is presented on a one-to-10 scale and measures profits, workforce, capital investments and expenses to aggregate an index. More than 400 responses were received.
The cause of the downward movement of the prosperity pulse can be directly contributed to a decrease in capital investment this quarter. Capital investments were also projected to continue to decrease next quarter.
Profit and workforce numbers were steady, and overall business expenses remained the same. Seventy-seven percent of business leaders feel good about Ohio’s economic climate.
Concern levels over Ohio’s political climate, regulations and taxes noticeably decreased. Concerns with attracting qualified talent, productivity and overall expenses related to employees significantly grew in the third quarter.
For information, visit www.ohiochamberfoundation.com/projects/.
Selected local stocks
Alcoa Inc., .1243.31-2.58
Aqua America, .71 36.16-0.40
Chemical Bank, .2751.41-0.15Community Health Sys. 4.50 0.01
Cortland Bancorp, .2818.850.09
Farmers Nat., .1613.60-0.05
First Energy, 1.44 33.60-0.12
First Niles Financial, .1211.000.00
FNB Corp., .4812.90-0.08
General Motors, 1.5242.110.00
General Electric, .9219.99-0.14
Huntington Bank, .28 13.21-0.08
JP Morgan Chase, 1.9297.63-0.04
Key Corp, .3417.85-0.08
Macy’s, 1.51 19.501.93
Parker Hannifin, 2.52 182.34-1.87
Simon Prop. Grp., 6.60161.264.20
United Comm. Fin., .12 9.020.07
Selected prices from Thursday’s 4 p.m. close.