Colorado Park expansion eyed for Lorain industrial growth
Lorain officials push a $9 million expansion of the 408 acre Colorado Industrial Park to revive manufacturing after past funding setbacks and environmental issues. Plans include land purchase from US Steel, a 30,000 square foot demo facility, cemetery of infrastructure, and a linkage to French Creek park. Government loans and a $15 million HUD grant plus a $22 million loan target the project, with Forest City Land Group proposed for a 872 unit development as a contingency.
MENTIONED IN THIS ARTICLE
Lorain
Colorado
Ford
Craig Foltin
Inner Automotive
Strongsville
Folin
Council
Root Road
Foltin
Forest City Land Group
Advanced Automotive Systems Inc
AAS
State Department of Development
Ment
US Steel
Lorain County
Metro Parks
French Creek Park
National Gypsum Co
Kansas Avenue
Missouri Avenue
First Choice to consolidate Elyria plant to Fremont by Aug
First Choice Packaging will move its Elyria production to its Fremont facility by Aug 1, consolidating its 53,000 square foot Lowell Street plant into the 290,000 square foot Fremont site. About 120 miles separate the plants, requiring some workers to relocate or seek new jobs, while others may transfer to Fremont.
MENTIONED IN THIS ARTICLE
Elyrea
Elyria
Fremont
First Choice Packaging
Lowell Street
First Choice
Paul Tomick
Fed sees cautious turn after war ends
The Federal Reserve said the weak U S economy may rebound as the Iraq war ends with four districts Dallas Kansas City New York and Minneapolis reporting signs of firmer activity. Overall conditions remain sluggish and the Beige Book warns against overinterpreting these scattered gains ahead of the Fed meeting to set rates.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Central Bank
Dallas
Kansas City
New York
Minneapolis
Fed
Female boomers work into old age
New York AP reports that baby boomers, especially women, are likely to remain in professional roles into their 60s and beyond. The piece profiles Jane Williams, 54, now CEO of Sand Hill Advisors in Palo Alto, and Carrie Pryor, 50, a partner at Christian & Timbers in New York, noting rising numbers of workers over 55 and past 63. It cites Bureau of Labor Statistics projections and Allstate Financial surveys on longer workforce participation.
MENTIONED IN THIS ARTICLE
New York
Jane Williams
California
U.S. Bureau of Labor Statistics
Williams
Canadian Economic Council
Merrill Lynch
Canada
Sand Hill Advisors
Palo Alto
Calif
Nox
Allstate Financial
Bureau of Labor Statistics
Carrie Pryor
Wall Street
Pryor
Christian & Timbers
Stocks climb as optimism lifts Wall Street to 11-month high
Wall Street extended its rally on Wednesday despite a Texas Instruments outlook cut, with the Dow topping 9,100 for the first time in 11 months. The Dow rose 128.33 to 9,183.22 as the Nasdaq gained 18.35 to 1,646.02 and the S&P 500 added 12.64 to 997.48. Investors remain hopeful on first-quarter results and a potential economic rebound, even as TI slid on SARS fears in Asia.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Texas Instruments
Dow Jones
Steven Goldman
Weeden & Co
Greenwich
Dow
Standard & Poor
Asia
Dollar slips as Fed rate-cut bets grow amid global stocks
The dollar softens against major peers amid expectations of a U S rate cut while rate-cut speculation persists. Fed officials hint dovish bias ahead of the June meeting as equities rise in the U S and overseas markets. Freddie Mac faces a criminal probe. Eli Lilly and IBM lift shares.
MENTIONED IN THIS ARTICLE
Builder
Eli Lilly
IBM
Merrill Lynch
Freddie Mac
Also Mentioned on This Page
Colorado Park
the Chronicle-Telegram
Dan Harkins
Dharkins
Chroniclelelegram
Cromwell
Ly Chronicle
Ity
Tomick
Elvria
Bill Grace
Grace
Lowell St
Don Bire- Jey
Moon Inc
Adrian Burns
Chronicletelegram
Pec
LNB
Middle Ave
Ohio
Subodh Kumar
Cibc World Markets
S&p
Goldman
Lennar
Dow Jones/AP
Bank of Japan
Nick Bennenbrook
Brown Brothers Harriman & Co
New York Stock Exchange
Japan
Europe
France
Britain
Germany
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