Elyria firm may move to North Ridgeville
North Ridgeville considers a 15 year tax abatement for Rhenium Alloys Inc to relocate from Elyria. The plan forgives about 181812 in taxes on a 66,000 square foot Taylor Wood Parkway building renovations and supports 50 existing plus 25 new jobs over three years. The project includes 3 million payroll and 495462 in new local taxes over nine to fifteen years, with state credits totaling 45800. The company will relocate operations and keep nine years of state incentives while city terms extend 15 years subject to obligations.
MENTIONED IN THIS ARTICLE
North Ridgeville
Rhenium Alloys Inc
David Gillock
Taylor Wood Parkway
Invacare Corp
Gillock
Rhenium Alloys
Elyria
Taylor Street
Ohio Tax Credit Authority
Ohio Department of Development
Bethany McCorkle
State Development Department
Rhenium
Feds probe airline ticket distribution fairness in antitrust move
The Justice Department probes whether airline flight and fare information distributors stifle competition. Airlines American Delta and US Airways, plus distributors Travelport and Sabre, report receiving civil information requests as tensions rise over how tickets are sold and fees charged.
MENTIONED IN THIS ARTICLE
Dallas
U.S
Justice Department
American Airlines
American
Andrew Backover
Delta Air Lines
US Airways
Travelport Ltd
Sabre Holdings
Poll finds 4 in 10 Americans face hardship from gas prices
A AP GfK poll shows rising gas costs strain 40 percent of Americans and 76 percent of seniors. With prices near 3.96 per gallon, households over 50,000 dollars and many older people report financial hardship while coping by cutting expenses and driving less.
MENTIONED IN THIS ARTICLE
Washington
Associated Press
Gfk
Nettie Cash
Dallas
Cash
Nicole Polite
Baltimore
Polite
Fred Rozell
Oil Price Information Service
Ross Cobb
Boerne
Texas
Cobb
FDA Approves Edurant HIV Drug From Johnson & Johnson
The FDA approved Edurant a once daily HIV medicine from Tibotec Therapeutics a unit of Johnson & Johnson for patients starting therapy. In a 1368 patient trial Edurant matched Sustiva with 83 percent undetectable viral levels at 48 weeks vs 80 percent for Sustiva. Common side effects include mood changes sleep trouble headaches and rash.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
Johnson & Johnson
FDA
Edward Cox
Edurant
Tibotec Therapeutics, A Division of
Johnson & Johnson’s
Ortho Biotech Inc
Women business network to hold June meeting
The Women Business Owners Network in Lorain will meet June 2 at 6 p.m. at Rino's Italian Restaurant 5360 Oberlin Ave Lorain. Wanda Rosen of Desiree Style Salon will speak on wellness and Mary Lou Kendeigh of Exclusively Yours Ladies Consignment Boutique will be featured in the business spotlight.
MENTIONED IN THIS ARTICLE
Lorain
Women Business Owners Network
Rino
Wanda Rosen
Desiree Style Salon
Mary Lou Kendeigh
Exclusively Yours Ladies Consignment
Amherst
Debra James
Karen Cheshire
Oberlin Ave
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