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Mahoning, Trumbull snare federal tax credit designations

The Western Reserve Port Authority’s continuing push to attract investment was rewarded last week when the state announced the sites eligible for Opportunity Zones 2.0 program designation. Starting Jan. 1, investments made in the zones are eligible for federal tax incentives, the Ohio ...

Community leaders back data center development

BOARDMAN — Don’t be quick to dismiss data centers. There’s room for talk, understanding and opportunity. That's the message from an organization of business, union and educational leaders that emerged Monday to promote data center development in the Mahoning Valley. The co-founders of ...

Low interest in Valley’s high unemployment rate

In a few weeks, the Ohio Department of Job and Family Services will release its monthly ranking of unemployment rates for the state’s 88 counties. Barring a seismic economic shift, Trumbull and Mahoning counties will find themselves atop the list for October. And the news, like each release ...

Low confidence, high gas prices lead to drop in new vehicle sales

Dealers in Northern Ohio sold 18,892 new motor vehicles in October, according to data released this month by the Greater Cleveland Automobile Dealers’ Association. Compared to the same month a year prior, this represents a 7.21% decrease. Year to date, sales in the region slowed by 2.58%. Used vehicle sales in the market dropped similarly, with a 7.94% decrease compared with last October, and a 2.07% dip year over year. “New vehicle sales were off in October, as we face low consumer confidence and high gas prices,” said Louis A. Vitantonio, president of the GCADA. “As ...