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September 28, 2021

Cleveland Business News

Cleveland City Hall

Federal coronavirus aid buoys budgets for airport concessions such as rental car businesses

Cleveland City Council on Monday approved some changes to concession agreements with six car rental concessions – Enterprise, Avis, Budget, Hertz, Dollar and Thrifty – to factor in rent relief from the FAA.

By Robert Higgs, cleveland.com

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Owners of Minh Anh restaurant in Cleveland’s Detroit-Shoreway neighborhood sell building to developers putting up apartments next door

Plans are to eventually introduce a new to the restaurant former home of Cleveland's Minh Anh restaurant.

By Eric Heisig, cleveland.com

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Business

New stores to open at Tower City Center in Cleveland

One of Cleveland’s oldest buildings is already starting to see the buy-in of a promise for new life.

By Kevin Smith

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Ravenna aluminum parts plant faces $1.6 million fine for safety violations that caused worker’s death

A Ravenna aluminum parts manufacturer with a history of safety violations faces $1,671,738 in penalties after Alvin Kelly, Jr. was killed on March 30.

By Sabrina Eaton, cleveland.com

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Business

U.S. mortgage rates remain in holding pattern under 3% threshold

U.S. mortgage rates again essentially held firm this week staying under the 3% mark, according to Freddie Mac.

By Laura Johnston, cleveland.com

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Business

Huntington National Bank dominated SBA 7(a) lending in NE Ohio during 2Q

Huntington National Bank was by far the largest lender in Northeast Ohio under the Small Business Administration’s 7(a) loan program during the second quarter.

By Mary Vanac

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