REGION

REGION

Company to get $500K
from defense spending bill

YOUNGSTOWN — A downtown company will receive $500,000 from the latest federal defense appropriations bill. Syncro Medical Innovations will use the money to train military hospitals on how to use its magnetically guided feeding tube and for further research and development.

U.S. Rep. Tim Ryan of Niles, D-17th, placed a request for $1 million in the House version of the bill. The final version, which was signed by the president recently, included half that amount.

Syncro’s new feeding tube is being used in an Army hospital in Texas. The company said the tube can be guided into place easier than other devices and has been helpful in treating soldiers burned in explosions.

Home Savings opens
office in Chardon

YOUNGSTOWN — Home Savings and Loan Co. held a grand-opening ceremony Monday for its new office in Chardon. Douglas McKay, Home Savings chairman and chief executive, and Patrick Bevack, president and chief operating officer, were among those attending. Youngstown-based Home Savings operates 39 branches and five loan production offices in Ohio and western Pennsylvania.

Private equity investment
to be topic of workshop

LIBERTY — Private equity investments will be discussed at a workshop from 8:30 to 10:30 a.m. Dec. 7 at the Holiday Inn MetroPlex. The event is being organized by the Regional Chamber, Youngstown Business Incubator, Credit Suisse and the Ohio Public Employees Retirement System.

Topics include how the Mahoning Valley is emerging as an attractive market for private equity investments, how market conditions are affecting the funding landscape for emerging growth companies and how a company can build its value through various stages of growth.

Those interested in attending the event should visit www.jumpstartinc.org and click on “All Events” to register for the Ohio-Midwest Fund Breakfast Lecture Series. Attendance is free, but space is limited.

Electrical trades school
opens $2.2 million center

WARREN — The Electrical Trades Institute of Northeast Ohio held a grand-opening event Monday for its new $2.2 million center at 4550 Research Parkway.

The 18,000-square-foot training facility is more than twice the size of the group’s former training complex. It was funded by the Mahoning Valley Chapter of the National Electrical Contractors Association and the International Brotherhood of Electrical Workers Local 573.

The Electrical Trades Institute’s electrical apprenticeship program offers apprenticeship training at no cost to regional candidates and pays students while they learn.

From Vindicator staff reports