Week in Review | Voltage Valley, Reyers, Investments and a Wall of Soda (Pop)
LORDSTOWN, Ohio — Lordstown Motors Corp. made news Monday with its first quarter earnings report, announcing it would require additional capital to execute its plans to launch the Endurance electric pickup truck.
Without the funding, the company expects it cut its 2021 production target by half. Read more HERE.
Ultium Job Fair Draws Local Interest
NILES, Ohio — More than 150 job-seekers crowded the Eastwood Event Centre Wednesday to learn more about potential jobs at Ultium Cells LLC’s $2.3 billion electric-vehicle battery manufacturing plant in Lordstown. The plant expects to employ more than 1,100 by the end of 2022, with hourly wages ranging from $16 to $22.
“We’re building a team, we’re building a business and we’re building a plant,” said Tom Gallagher, chief operating officer. Click HERE.
Some of those workers could be represented by the United Auto Workers. On Tuesday, GM announced it would support the UAW’s efforts to organize Ultium plants in Lordstown and Spring Hill, Tenn. Click HERE.
Reyers to Leave Sharon, Move to Eastwood Mall
SHARON, Pa. — Reyers Shoe Store announced Monday it would be leaving its longtime home in downtown Sharon for a new space inside the Eastwood Mall in Niles. Company President Mark Jubelirer said the retailer would complete the move this summer.
Jubelirer’s family purchased the store in 1953. It has operated at 40 S. Water Ave. in downtown since the 1980s. Click HERE.
Investments, Expansions and Grants
YOUNGSTOWN, Ohio — Plenty of economic development news this week, starting in Warren where on Wednesday, Zekelman Industries announced plans to invest $30 million at the Wheatland Tube Plant at 901 Dietz Road NE in Warren. The investment would add an 84,000-square-foot automated storage and retrieval warehouse to the plant, increasing its productivity, improving product handling and quality, and providing a higher level of safety for some 150 workers there. Click HERE.
Last Friday, the Youngstown Area Jewish Federation broke ground on the first phase of a $3.7 million expansion at its Heritage Manor Rehabilitation & Retirement community. The first phase of the expansion includes construction of 12 private rooms with their own bathrooms. A dedicated nurses station will be added along with a family dining room. Click HERE
Finally, the city of Youngstown approved $50,000 in grants to businesses whose operations have been hampered by the COVID-19 pandemic. At its Thursday meeting, the city’s Board of Control approved grants from the COVID-19 Business Stabilization Program of up to $10,000 each for Santisi Wholesale Foods, Westside Bowl, Whistle & Keg LLC, W.C. Zabel Co. and Cinemanix. Click HERE.
Kast Iron Soda Works Brings Old-Time Flavor to Salem
SALEM, Ohio — Thirsty for something new? Kast Iron Soda Works has hundreds of choices to pick from its wall of bottled sodas – not to mention what’s on tap, including its own Kast Iron Rootbeer.
The “Purveyors of Fine Fizz” are opening this weekend at 420 E. State St. downtown. The new shop has the laidback vibe of a coffee shop, the look of an old-fashioned ice cream parlor and the commitment to craft of a brewpub.
“What we were going for is a place for the community to use as a hang-out space,” says Leslie Kline, who owns Kast Iron with her husband, Wil. “We wanted it to be a comfortable place … where people can meet up and talk for a good long while.”
For our exclusive first look inside Kast Iron Soda Works, click HERE.
Copyright 2021 The Business Journal, Youngstown, Ohio.