Business highlights


Startup Lab holding course

on business plans, financing

LIMA — The Startup Lab will hold a nine-week small business accelerator course in October to assist aspiring entrepreneurs with their business plans and financing.

The business support program, a partnership between the West Ohio Community Action Partnership and the Urban Impact Community Development Corporation, was founded in 2018 to work with individuals from underserved communities who would like to open their own business.

Participants spend three hours each week for nine weeks working with the Startup Lab on business plans, communication skills, financial literacy and opportunities, networking and other skills.

Thirty-five individuals participated in the first nine-week course last year, according to the Startup Lab.

Scholarships are available for individuals who earn less than $25,000 as well as Lima residents, veterans and the recently incarcerated. Contact Jermaine Harper at jharper@thestartuplab.com or 419-515-5644 to request an application.

Oil prices jump as

attack jolts supply

NEW YORK (AP) — Global energy prices spiked Monday by 14% after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. The attack on the country’s largest oil processing plant halted more than half of its daily exports, resulting in the loss of 5% of world crude oil output.

Manufacturers, retailers

less optimistic, survey says

NEW YORK (AP) — Small manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects. That’s the finding of a third quarter survey of 1,000 companies released last week by the U.S. Chamber of Commerce and MetLife. Sixty-three percent of manufacturing companies surveyed were optimistic about the economy, down from 69% in a second quarter survey. Fifty-three percent of retailers were optimistic, down from 59%.

German industrial designer

Luigi Colani dies at 91

BERLIN (AP) — Luigi Colani, a renowned German industrial designer, has died. He was 91. German news agency dpa has reported that his partner confirmed that Colani died in the southwestern town of Karlsruhe after a severe illness.

SeaWorld CEO resigns

less than a year on job

ORLANDO, Fla. (AP) — The CEO of SeaWorld Entertainment is stepping down just months into the job. Company officials said Monday that Gustavo “Gus” Antorcha has resigned from his job as the top executive the theme park company as well as his position on the company’s board of directors. In a statement provided by the Orlando, Florida-based company, Antorcha said he still believed in SeaWorld’s mission, even though he may have “a difference of approach.”

New York moves to ban

flavored e-cigarettes

NEW YORK CITY (AP) — Vape shops in New York are scrambling to prepare for a proposed ban on flavored vaping products.

The emergency regulations proposed by Democratic Gov. Andrew Cuomo on Sunday could take effect Tuesday, when they go before a state health council for a vote. Stores will have two weeks to remove the items from their shelves.

Retailers say they believe people sickened by vaping were using black market products, and not the ones they sell.

The ban would not impact menthol- or tobacco-flavored e-cigarettes.

It comes as health officials investigate hundreds of cases of breathing illnesses in people who use e-cigarettes.

President Donald Trump has proposed a federal ban on flavored e-cigarettes. Cuomo said New York’s emergency ban is justified because the state can’t wait for federal action.

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