Project kickoff

Project kickoff

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Youngstown’s M-7 Technologies and Applied Systems and Technology, a Salt Lake City company, will officially kick off their joint venture, the Ohio Clean Technologies Group, at a press conference Sunday at 4 p.m. in the lobby of Moser Hall.

The collaborative project will help “green” technology companies commercialize and market their products, said co-founder Jack Scott. The group is in the process of leasing a facility at 1062 Ohio Works Dr., adjacent to the M-7 Technologies site. Scott and co-founder Michael Garvey will be joined at the press conference by U.S. Rep. Tim Ryan of Niles, D-17th, Martin Abraham, dean of YSU’s College of Science, Technology, Engineering and Mathematics, and Julie Michael Smith, chief development officer at the Youngstown Business Incubator.

The idea for the Ohio Clean Technologies Group was initially developed on a trip to Israel sponsored by the Youngstown/Warren Regional Chamber and the Youngstown Area Jewish Federation in January. The Ohio Clean Technologies Group will sign a cooperative agreement with LN Greentech Incubator of Haifa, Israel, at the Butler Institute of American Art on Monday at 4 p.m.

First Place files statement with SEC

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First Place Financial Corp., the parent company of First Place Bank, hopes to make an additional public offering of approximately $80 million of common stock, the financial-services company announced this week. The public offering is part of a capital strategy, the company said in a press release. Proceeds will be used for “general corporate purposes,” which could include growth and acquisition opportunities and possible participation in FDIC-assisted transactions, the company said.

As an initial step in the process, First Place has filed a registration statement with the Securities and Exchange Commission. The number of shares and price range for the offering have not been determined.

Vindicator staff reports