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BUSINESS UPDATES | Tippecanoe Country Club members approve purchase, recapitalization

Among today's business updates: Trumbull County commissioners; Youngstown/Warren Regional Chamber; and Kravitz Delicatessen.

CANFIELD — A recent vote by 95 percent of Tippecanoe Country Club’s membership to approve the purchase and recapitalization of the club by a group of 70 investors — comprised of current members — brings the assumption of $2.2 million in debt and a commitment of $2.5 million in capital improvements.

“This is a win-win for everyone involved,” Joe Thomas, owner of Golf Headquarters and a spokesperson for Tippecanoe Acquisition Co. Inc., the legal name of the investor group, said in a news release.

“The members can look forward to more services and amenities, with a very limited number of memberships available to assure access as well as exclusivity. Our investor group also sees it is as a vote of confidence in the Valley’s business and economic future,” Thomas said.

Founded in 1921 and featuring a course designed by Donald Ross in 1927, the club features a Tudor-style clubhouse that will soon undergo significant renovations. Improvements also include the addition of outdoor dining areas, an enhanced pool area, a cigar lounge and more.

“This has been a two-year process to be sure we did everything the right way,” Thomas said. “What is truly remarkable, and a reflection of the commitment and passion of our membership, is that our members raised $3 million in spite of the COVID-19 pandemic. We want to help secure the Valley’s future economic development, and we know that for new businesses from across the country to move in, they want a truly private country club for the senior execs who are moving their families across the country to a new region.”

For information about golf or social memberships, call 330-758-7518.

Trumbull commissioners approve
contract with regional chamber

WARREN — Trumbull County commissioners approved a new 12-month, $23,000 contract with the Youngstown/Warren Regional Chamber to continue its economic development efforts in the county.

The chamber oversees the retention and expansion of local business and attraction of new investment throughout the Mahoning Valley, providing a range of economic development services by assisting companies in identifying suitable properties, securing project incentives, obtaining strategic information and more.

“In 2019 and year-to-date in 2020, the regional chamber managed Trumbull County projects totaling $2,519,475,000 of private company investment and resulting in the creation of 2,345 new jobs and retention of 552 positions,” Sarah Boyarko, the chamber’s chief operating officer and senior vice president of economic development, said in a news release.

Two such projects that the regional chamber led included the attraction of the 1.2 million-square-foot HomeGoods Distribution Center that will create 1,000 new jobs in the Village of Lordstown and the expansion of Old Dominion Freight Lines, whose new facility will double its service capacity in the region. Construction at both locations is underway.

“We have worked closely with the regional chamber for many years and recognize the importance of their economic development work throughout the county,” Frank Fuda, president of the board of commissioners, said in the release. “Year after year we have realized an immense return on our investment in terms of the services the chamber provides to companies to support their growth and job creation.”

Kravitz Delicatessen offers
Loyalty Program for customers

YOUNGSTOWN — Kravitz Delicatessen, 3135 Belmont Ave., is thanking it’s customers with a new Loyalty Program.

Customers will receive a $5-off coupon for signing up for the program and will receive another $5-off coupon for every $50 spent in-store or online. To sign up, click here.

“This is a difficult time for the entire community, but especially for restaurants and catering operations,” owner Jack Kravitz said in a news release. “I know that people are extra cautious about whom they trust to provide a safe dining experience. We are grateful when they chose us, and this is one way we wanted to express that sentiment.”

Regional chamber welcomes
2 new board members

YOUNGSTOWN — The Youngstown/Warren Regional Chamber’s Board of Directors has named two new members who will serve a term that starts immediately and ends Dec. 31, 2023.

The new members are Michael Geoghegan, president of Eastern Gateway Community College, and Krista McFadden, president of Trumbull Regional Medical Center.

“We are pleased to have representation on our board from these two organizations that have such a significant presence in and serve such a large part of our community,” Tom Humphries, president and CEO of the regional chamber, said in a news release. “Krista and Michael both bring a great deal of experience, knowledge and wisdom to the table and will serve our board and staff well.”

Geoghegan was recently named the fifth president of Eastern Gateway. He joined the organization in 2017 as chief financial officer and treasurer and assumed the dual role of interim president and CFO in January. He had previously been the CFO at the Cincinnati State Technical and Career Center for seven years and held positions with Cincinnati City Schools, Hamilton County Auditor, Broward County in Florida and the state of Ohio’s Auditor’s Office. He received a bachelor’s degree from Georgetown University and a Master of Business Administration degree from the University of Cincinnati.

McFadden has been the president of Trumbull Regional Medical Center since January, previously serving as president of Hillside Rehabilitation Hospital. She had also served as the chief nursing officer and chief operating officer at Hillside. McFadden earned her master’s degree in nursing, with a focus in health care administration, from Benedictine University and received her bachelor’s degree in nursing from the University of Akron.

The chamber’s board currently has 30 members, led by Chairman Don Kline, president of the Great Lakes Group for Mercy Health.

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