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Business News

2020 home sales up

Single-family home sales last year in Trumbull and Mahoning counties, and for just how much they sold, eclipsed figures from 2019 notwithstanding two hurdles — a lack of houses on the market and the viral outbreak. A glut of buyers competing for scarce good, quality homes and historically ...

YSU partners with DOE on $1M project

WARREN — Youngstown State University will partner with the U.S. Department of Energy to advance workforce development efforts in the battery manufacturing and electric vehicle industry in northeast Ohio. The $1 million project will help the development of a Midwest-based Energy Storage ...

Company secures federal contract

AUSTINTOWN — CHZ Technologies LLC has secured a contract from the Army Corps of Engineers to study nonincineration technology that could benefit the U.S. government. The agreement calls for the firm to provide evidence that Thermolyzer technology, owned by an affiliate of the ...

TCF reports $94.1 million income in fourth quarter

WARREN — Detroit-based TCF Financial Corporation, parent company of TCF National Bank, reported fourth quarter 2020 net income of $91.4 million, an increase of 64 percent from the previous quarter. Adjusted net income was $116 million compared to $98.7 million for the third quarter, ...

Ohio sets record for new business filings in 2020

WARREN — Ohio entrepreneurs amid the viral outbreak in 2020 set a record of 171,073 new business filings, eclipsing the previous year’s record of 130,621, according to the Ohio Secretary of State’s office. The data represents a 31 percent increase last year compared to 2019 that ...

Port authority has potential purchaser for Warren plaza

WARREN — The Western Reserve Port Authority authorized its CEO on Wednesday to come to terms with a developer who wants to buy land the port authority controls downtown, 231 Main Ave. SW. The board also agreed to move on a term sheet and preliminary agreement related to issuing revenue ...