BUSINESS DIGEST || 2 TCTC students to test auto skills

2 TCTC students to test auto skills

CHAMPION HEIGHTS

Two Trumbull County and Career and Technical Center students will compete in the national finals for AAA/Ford Auto Skills competition in June after winning the Ohio state finals earlier this spring.

Joe Coffey and Blaze Knchok will have a chance to win scholarship money and to shadow the pit crew for NASCAR driver Trevor Bayne at the national competition in Dearborn, Mich., from June 8-10.

The students will take a written test, use computerized technology to diagnose a problem in a car and then use their mechanic skills to fix it.

The Ford/AAA Student Auto Skills competition is a collaboration with the automotive industry and local communities to build awareness of career opportunities in the automotive service industry.

USDA: Apply for IRP loans, grants

washington

The U.S. Department of Agriculture announced applications for loans and grants to support local development projects, business expansion and job creation are being accepted.

The assistance is being provided through the Intermediary Re-lending Program and the Rural Microentrepreneur Assistance Program.

There are $18.9 million in IRP loans available for fiscal year 2014 and $25.4 million in loans and grants.

Under IRP, the USDA lends to nonprofits and public bodies for them to re-lend to rural businesses.

Applications for the funding can be obtained from any USDA Rural Development State Office in Columbus.

Hynes Industries gets tax credit

AUSTINTOWN

Hynes Industries, Oakwood Avenue, received a seven-year, 40 percent job-creation tax credit from Ohio Tax Credit Authority for 42 new jobs and a potential $6.5 million expansion project.

The announcement leads to the company’s planned expansion, investment in the building and machinery, retention of 140 current workers and the creation of the new jobs over a three-year period.

The company must remain in operation at the project site on Oakwood for a period of 10 years.

Hynes specializes in customized metal processing for a large number of service centers.

Group to present tax-update seminar

CANFIELD

The Mahoning Valley Accounting Society is presenting a tax update seminar on Tuesday at A La Cart Catering on Lisbon Street in Canfield.

The topic will be employee versus independent contractor and federal wage-based tax credits with speakers Doug Myers and Mollie DeSocio of Paychex.

Registration begins at 5:45 p.m., and the seminar at 6 p.m. The cost is $15 for members and $20 for nonmembers, which includes dinner. To register, contact Jack Vacca at 330-533-1700.

Vindicator staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .61, 24.74 .16

Avalon Holdings,4.00—.01

Clear Channel, .61 23.51 —.03

Cortland Bancorp, 12.350.00

Farmers Nat., .127.54 .07

First Energy, 2.20, 31.48—.07

FirstMerit Corp., .64,18.90 .07

First Niles Financial, .32,8.300.00

FNB Corp., .48,12.28.05

General Motors,33.63.21

General Electric, .76,26.52.01

Huntington Bank, .20, 9.10.04

JP Morgan Chase, 1.52,54.56.01

Key Corp, .22,13.38.09

LaFarge, 21.88 —.07

Macy’s, 1.00, 58.09.48

Parker Hannifin, 1.80, 123.251.37

PNC, 1.76,84.56.47

RTI Intl. Metals,26.952.64

Simon Prop. Grp.,4.60,175.371.35

Stoneridge 10.26 .26

Talmer Bank, 13.84.33

United Community Fin. 3.65.12

Selected prices at 4 p.m. Friday. Provided by Stifel. Not to be construed as an offer or recommendation to buy or sell any security.