LOCAL BUSINESS
Kent revitalization recognized
Kent’s efforts to revitalize its downtown have garnered first place in the Best Projects category of this year’s Ohio Economic Development Association annual Excellence Awards. For more information about the association, visit www.ohioeda.com.
Named a finalist in the Workforce Development Innovation category was Stark State College’s satellite campus at Barberton High School.
In Kent, three blocks of downtown are being remade. Davey Resource Group, the consulting arm of the Davey Tree Expert Co. of Kent, has taken over the top of a new three-story building at Haymaker Parkway and South Water Street. A second new three-story building houses another corporate anchor, Ametek Lamb Electric Co.
In Barberton, the former National Guard Armory, which was bought by the Barberton Community Foundation a few years ago, is being renovated to house an advanced materials joining and welding center for Stark State College.
Resume workshop scheduled
A free resume writing workshop will be at the Stark County Campus of National College at 4736 Dressler Road NW, Jackson Township, from 10 a.m. to noon Nov. 7. Resume writing tips and job search advice will be provided.
Attendees should RSVP to Su Marcoguiseppe by phone at 330-492-5300 or by email at SMarcoguiseppe@national-college.edu.
Dining etiquette is topic
Dining etiquette for business professionals will be the focus of a luncheon presentation from 11:30 a.m. to 1 p.m. Nov. 13 at the Martin University Center, 105 Fir Hill St. The event is part of the Greater Akron Chamber’s Young Professionals Network Speakers Series.
The speaker will be Robert J. Pacanovsky of Robert J. Events & Catering. Cost is $20 for members and $30 for nonmembers. To learn about the Young Professional Network or to register for the event, go to www.greaterakronypn.com.
Companies on the market
Cleveland-area small businesses listed for sale on the website BizBuySell.com had a median asking price of $200,000 in the third quarter of 2012. The website reported that 83 businesses were listed on the site in the quarter. The $200,000 median asking price for the Cleveland area is less than the nationwide median of $239,000, which is up from $235,000 being asked nationwide for the third quarter of 2011.
The median sale price of closed transactions nationwide was $174,000 for this year’s third quarter, an increase from the $150,000 median sellers received in the same period in 2011.
Brokers nationwide using www.bizbuy sell.com to list businesses for sale reported 1,189 closed business sales for this year’s third quarter.
In the Cleveland area, the 83 small business listed for sale in the third quarter had median annual revenue of $397,000 and median annual cash flow of $88,000.
The Cleveland area is composed of Cuyahoga, Geauga, Lake, Lorain and Medina counties. BizBuySell.com does not track data for the Akron area.
Research program at library
The Hudson Library & Historical Society will offer a free workshop from 1 to 2:30 p.m. Nov. 13 on various uses of business research databases, including finding sample business plans, market reports and listings of companies by size and geographic area.
The workshop will focus on three databases: Business Source Premier, ProQuest Entrepreneurship and Reference USA. Two other databases will be briefly discussed: Hoovers and First Research.
The library subscribes to more than 90 specialized databases, most of which are accessible from home.
Seating is limited. Registrations are requested. To register, go online to www.hudsonlibrary.org and click on the Adult/programs tab.
For more information, call the library’s reference desk at 330-653-6658, ext. 1010, or email askus@hudson.lib.oh.us.
WALL STREET
New York exchange to reopen
The New York Stock Exchange will reopen for regular trading today after being shut down for two days because of Superstorm Sandy.
The exchange said in a statement Tuesday that its building and trading floor are fully operational and that normal trading will resume at the usual starting time of 9:30 a.m.
European stock markets rose broadly Tuesday after falling the day before.
Trading was subdued in the wake of the storm. Britain’s FTSE 100 index rose 0.9 percent, Germany’s DAX rose 1.1 percent and the CAC-40 in France was 1.5 percent higher.
Crude oil rose 14 cents to settle at $85.68 in electronic trading on the New York Mercantile Exchange.
U.S. bond trading was closed Tuesday.
Compiled from staff and wire reports