YOUNGSTOWN, Ohio — Lordstown Motors Corp. enjoyed a few jumps in its stock price this week after announcing its Lordstown Motors Week event.
On Monday, the electric-vehicle manufacturer announced it’s inviting analysts, customers and investors to the company’s headquarters for a five-day event in June as it prepares for the launch of the all-electric Endurance pickup. Read more about it HERE.
This prompted a 14% jump in its stock price – listed on the NASDAQ under the symbol RIDE – which closed at $8.40 on Monday. That stock rally continued for a second day, as the price increased again to $10.09 as it closed on Tuesday.
City Taking Chill-Can Developer to Court
Attorneys representing the city of Youngstown are preparing litigation that will be filed by the first week of June against M.J. Joseph Development Co. over the ill-fated Chill-Can project on the East Side. Law director Jeff Limbian said a teleconference meeting between the parties on Wednesday “didn’t go well at all” and failed to reach an accommodation, forcing the city to take the company and its CEO, Mitchell Joseph, to court.
“If the city wants a legal fight, we will give it to them,” vowed Brian Kopp, Joseph’s attorney. “Cases are won in courtrooms, not press conferences. And the contracts, not wishful thinking, define the city’s rights and remedies.”
Click HERE to read the story.
New Places to Eat Downtown, Lisbon Staple Cooks up ‘Next-Level Stuff’
It was a good week for foodies in the Mahoning Valley. Downtown Youngstown welcomed two new eateries, including a familiar spot with a new name.
On Tuesday, OH Donut Co. opened at 112 W. Commerce St. in the former One Hot Cookie space. Bergen Giordani and her daughter, Morgen Chretien, own both brands. This is the second OH Donut Co. location and features 18 types of cake donuts. Read the story HERE.
West 34, downtown’s newest restaurant and bar opened at 34 West Federal St. The restaurant features a modern Americana menu ranging from burgers to steaks, and an extensive selection of wines and special cocktails. One side of the restaurant can open onto the new Phelps Street pedestrian walkway. Click HERE for more.
In Lisbon, Pondi’s saw the return of long-time chef Treg Steves. Now a business partner with owner Matt Borza, the two have come up with some fresh menu items and introduced Saturday brunch. The 105-year-old restaurant has also started offering steak dinners to go. Read the story HERE.
Copyright 2021 The Business Journal, Youngstown, Ohio.
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Week in Review | Lordstown Motors Week, Chill-Can and Food, Food, Food! - businessjournaldaily.com
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