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Business News

Auto sales in region stall amid pandemic

Automobile dealers in the Mahoning Valley were on pace through February to eclipse sales numbers they set in 2019, and then disaster struck — the novel coronavirus caused consumers to stay at home rather than bargain on car lots. Although the numbers aren’t as bad as some feared, sales ...

COVID-19 tightens grip on economy; 17M seek jobless aid

Nearly 700,000 Ohioans and 16.8 million Americans applied for unemployment benefits in the past three weeks because of the novel coronavirus pandemic, which continues to strangle the local, state and national economies. Jobless numbers Thursday from the Ohio Department of Job and Family ...

Car sales in Valley, US take a hit

Automobile sales have crashed. As consumers stay holed up at home during the novel coronavirus pandemic, rather than haggling on car lots, auto pricing website Edmunds estimates U.S. new vehicle sales plunged 40 percent in March compared with a year ago. The story is the same for dealers ...

Home Savings, 1st Federal make COVID commitment

YOUNGSTOWN — First Federal Bank and Home Savings Bank, recently merged, are making a $100,000 commitment from the Charitable Foundation to help local nonprofit partners in many areas of Ohio, Indiana and Michigan address the challenges faced from the COVID-19 global pandemic. The funds will ...

Joint GM-Honda venture could add spark to new Lordstown plant

LORDSTOWN — Two all-new electric vehicles General Motors and Honda pledged to jointly develop for the Japanese automaker could increase demand for battery-cells from GM’s proposed next-gen technology plant. The propulsion system in the vehicles is based on GM’s new proprietary ...

BRITE gets new board member

WARREN— Warren native Sumit Kovoor has been named to the board of BRITE Energy Innovators, an incubator for energy and clean-tech startups. Kovoor, vice president of several firms, including Legacy Growth Partners, Anayaa Hospitality Group and Simon Investment Group, previously worked as a ...

Business briefs

REGIONAL CHAMBER CANCELS EVENTS: The Youngstown Warren Regional Chamber has canceled several events in light of the coronavirus pandemic. Not happening are the leadership series Thursday, power lunch at Cocca’s Pizza in Boardman on April 7 and a drugs in the workplace seminar April ...

Private business investment up in 2019

The year 2019 was a banner year for private business investment in the Mahoning Valley, where companies put in $284.2 million to grow themselves, and to increase and better equip and train their workforces. Data compiled by the Youngstown Warren Regional Chamber and its economic ...

Private business investment up in 2019

The year 2019 was a banner year for private business investment in the Mahoning Valley, where companies put in $284.2 million to grow themselves, and to increase and better equip and train their workforces. Data compiled by the Youngstown Warren Regional Chamber and its economic development ...

Deal falls through to keep Levin Furniture stores open

Staff report A deal struck to keep Levin Furniture stores open has fallen through, and officials on both sides are blaming each other for backing out of the agreement. Pennlive.com reported this week Levin’s former owner and president, Robert Levin, who was to buy back the company, said in ...