BUSINESS DIGEST || Dominion grants

Dominion grants

YOUNGSTOWN

Dominion East Ohio presented $110,000 in grants to 12 community organizations in its 20th annual Community Impact Awards competition, co-sponsored with Inside Business Magazine. Mahoning Valley winners: Youngstown Neighborhood Development Corp. received $12,500 for its REVITALIZE program, which brought together 600 residents with city officials to identify top neighborhood-improvement priorities in strategic neighborhoods; Youngstown’s Advanced Methods in Innovation received $5,000 for its INVENTORcloud course for area K-12 and post-secondary schools; and Trumbull Neighborhood Partnership received $5,000 for its “Garden District” revitalization of Warren’s Central City neighborhood.

Grow a small business

YOUNGSTOWN

The Youngstown/Warren Regional Chamber will host a seminar with the state explaining the state’s commitment to helping you grow your small business from 11 a.m. to noon Monday at the Covelli Centre, 229 E. Front St.

To register, email becky@regionalchamber.com or call 330-744-2131, ext. 19.

Severance talks

AUSTINTOWN

Teamsters Local 377 and Giant Eagle still are negotiating the severance packages available to the employees at the Tamarkin plant, a subsidiary of Giant Eagle. About 200 are employed there. Late last month, Giant Eagle decided to shut down the retail support center for frozen foods after the union members did not accept the company’s final offer twice. Operations are planned to cease at Tamarkin while a third party represented by another Teamsters union will operate a frozen foods distribution center in Ohio.

The Tamarkin plant on Victoria Road is expected to close in May.

Budget-plan concerns

COLUMBUS

The Ohio Metro Chamber Coalition, which is made up of the Ohio Chamber of Commerce and eight of Ohio’s largest metropolitan chambers of commerce, including the Youngstown/Warren Regional Chamber, has concerns with Gov. John Kasich’s state budget proposal. The chambers oppose raising the commercial activity tax and expanding sales tax to more businesses.

Huntington is notified

COLUMBUS

Huntington Bancshares Inc. was notified by the Federal Reserve that it had no objection to Huntington’s proposed capital actions included in Huntington’s capital plan submitted to the Federal Reserve in January of this year.

These actions included a 17 percent increase in the quarterly dividend per common share to $0.07, starting in the fourth quarter of 2015, and the potential repurchase of up to $366 million of common stock over the five-quarter period through the second quarter of 2016. Huntington’s Board of Directors is expected to consider the next quarterly dividend and the share repurchase program at its April 21 meeting.

Vindicator staff reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .61, 25.72 .02

Avalon Holdings,2.90.00

Clear Channel, .46 18.32 .18

Cortland Bancorp, 15.75.00

Farmers Nat., .128.19 .11

First Energy, 1.44, 34.18—.22

Fifth/Third, .5219.02—.06

FirstMerit Corp., .64,18.90 .11

First Niles Financial, .32,9.05.05

FNB Corp., .48,12.94.13

General Motors, 1.2037.74.19

General Electric, .88,25.21.04

Huntington Bank, .20, 10.84.08

JP Morgan Chase, 1.60,60.27.31

Key Corp, .26,14.23.25

LaFarge, 16.86 .11

Macy’s, 1.25, 62.33—.66

Parker Hannifin, 1.92, 117.59.73

PNC, 1.92,93.28.40

RTI Intl. Metals,37.80.35

Simon Prop. Grp.,5.20,179.55—.37

Stoneridge 10.86 —.09

Talmer Bank, 14.63.04

United Comm. Fin., .04 5.16—.04

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