REGION

REGION

SouthSide Environmental teams up with N-Viro

STRUTHERS — SouthSide Environmental Group of Niles and N-Viro International Corp. of Toledo have teamed up to create Mahoning Valley N-Viro, a new company to be located in the CASTLO Industrial Park here. The facility will convert various types of waste into beneficial alternative fuel. The resulting product, N-Viro Fuel, is blended with coal or petroleum coke and burned as a coal substitute in coal-fired plants.

Construction of the new facility, which will create approximately 40 new jobs, is expected to begin this year with opening anticipated in mid-2010, once state and local permits are approved.

Mayor Terry Stocker said the facility will aid the city by creating additional tax revenues as well as offsetting its annual cost of $100,000 for sludge hauling. William Binning, chairman of the CASTLO CIC board of trustees, said the project is a “great step forward” for CASTLO Industrial Park.

NATION

GM submits compensation proposal to administration

WASHINGTON — General Motors says it has submitted its executive-compensation proposal to the Obama administration.

GM, along with several banks and other firms, must submit plans to compensate its 100 highest-paid employees under the terms of its government bailout. The deadline for the proposals is Thursday.

The Obama administration has appointed Kenneth Feinberg to oversee compensation at the firms. Feinberg could reject pay plans he deems excessive, and he is expected to take 60 days to review the proposals.

GM spokesman Tom Wilkinson says the plans have been submitted ahead of the deadline. He declined to provide details. GM received $50 billion from the government and emerged from bankruptcy July 10.

Governments reach deal on collecting unpaid taxes

VADUZ, Liechtenstein — Liechtenstein’s government said Tuesday it has agreed to a deal with Britain that will help London uncover untaxed fortunes hidden away in the tiny Alpine principality by U.K. taxpayers.

The accord gives Britons five years, starting in 2010, to declare their assets in Liechtenstein and receive favorable treatment in paying the taxes they owe, including “a reduced period for assessing outstanding tax claims and the option of flat-rate taxation,” the government said.

Earlier this year, Liechtenstein’s government agreed to start cooperating with other nations in tax matters and has since signed deals with the United States and Germany aimed at exposing tax evaders from those countries.

From staff and wire reports