Economic Development

Identifying Amphitheater Funding on Council Agenda

YOUNGSTOWN, Ohio – City Council will consider legislation Wednesday that would advance the proposed amphitheater and riverfront park project near downtown. Before council will be one ordinance authorizing the city’s finance director to establish an “amphitheater park fund” of up to $12 million for the project and another to purchase 1.2 acres of land from […]

City Won’t Seek 100% Tax Break for Hotel Project

YOUNGSTOWN, Ohio – Youngstown will not seek approval from the Youngstown Board of Education to provide a 100% tax abatement for 15 years to the developers of a new hotel downtown, city officials confirmed Monday. Instead, the city will offer a 10-year, 75% tax abatement to Youngstown Stambaugh Hotel LLC, which is converting the Stambaugh […]

Wick Park Project Advances with City’s Help

YOUNGSTOWN, Ohio — The city Board of Control has approved entering into a memorandum of understanding with Youngstown CityScape and the Youngstown Rotary Foundation for the second of five $20,000 installments it is making toward modernizing the pavilion in Wick Park on the North Side. The board – Mayor John McNally, Finance Director David Bozanich […]

CIC Board Discusses Real Estate in Closed Session

YOUNGSTOWN, Ohio – The board of the Youngstown Central Area Community Improvement Corp. spent some 40 minutes in executive session discussing downtown real estate Tuesday before returning to open session to devote 12 minutes to reviewing routine business. Under the Ohio “Sunshine Act,” public and quasi-public boards are allowed to meet privately to discuss the […]

2017 CityScape Discount Cards Go on Sale

YOUNGSTOWN, Ohio – Youngstown CityScape is selling its 2017 Youngstown Discount Card for $10, which supports CityScape beautification efforts downtown and throughout the city. The majority of the 19 merchants who honor the card offer a discount on purchases, usually 10%, or a buy-one-get-one-free inducement. Eighteen restaurants and museums plus a car wash are participating. […]

2017 CityScape Discount Cards Go on Sale Saturday

YOUNGSTOWN, Ohio – Youngstown CityScape is selling its 2017 Youngstown Discount Card for $10, which supports CityScape beautification efforts downtown and throughout the city. The majority of the 19 merchants who honor the card offer a discount on purchases, usually 10%, or a buy-one-get-one-free inducement. Eighteen restaurants and museums plus a car wash are participating. […]

Small Businesses’ Recovery Remains Work in Progress

CLEVELAND – While rates of growth in the number of small businesses and the number of people they employ has climbed since the end of the Great Recession, “There’s been a rather dramatic decline in new firms in recent years,” a Cleveland Fed economist finds, calling it “a puzzling issue.” In this week’s edition of […]

Shop Local on Small Business Saturday

YOUNGSTOWN, Ohio – The impact of Small Business Saturday extends far beyond the single day that follows the big box-centric retail extravaganza known as Black Friday. It brings broader attention to the value of patronizing local businesses, champions of the event say. “They really gain from the visibility and the excitement that surrounds the day,” […]

Unemployment Down Slightly in Valley

YOUNGSTOWN, Ohio – Unemployment in the Mahoning Valley dropped slightly in October from the month before, but still remaining above October 2015’s rates, according to data from the Ohio Department of Job and Family Services. Columbiana and Trumbull counties both reported an unemployment rate of 6% last month, down from 6.3% in September. In October […]

Council Committee Hears Strategy for Funding Riverfront Park

YOUNGSTOWN, Ohio – City Council is expected to consider legislation authorizing the city to begin establishing funding sources for the proposed amphitheater and riverfront park when it again meets next month. Members of Council’s finance committee heard Monday evening from Finance Director David Bozanich regarding financing for the project, which is anticipated to cost $8 […]

Pages

Subscribe to RSS - Economic Development