Economic Development

$130M in Financing Needed for Electric Car Plants

YOUNGSTOWN, Ohio – Four sites for four manufacturing operations: two have been secured, assuming financing will be arranged. Two more are about to be secured. Then it’s up to Ohio and Pennsylvania to provide incentives for a $130 million electric car project to become reality. That’s essentially where Velfera Auto Design Inc., based in Texas, […]

City to Take Title to Former Bottom Dollar Food Site

YOUNGSTOWN, Ohio – Mayor John McNally would like to see a grocery store and pharmacy go into the former Bottom Dollar Food store on Glenwood Avenue, he said today. An ordinance before City Council at its meeting Wednesday would authorize the city’s Board of Control to negotiate terms and enter into a gift agreement with […]

City Funds Improvements, Demolition Along South Ave.

YOUNGSTOWN, Ohio – The Board of Control approved funds for two South Avenue projects Thursday: a façade renovation and the demolition of a long-blighted property along the corridor, the former Krakusy Hall. The façade renovation agreement for Ursuline Center’s Merici Housing will provide a grant of up to $6,070 for work at 3314 South Ave., […]

YNDC Gets $420K Grant for Revitalize Program

YOUNGSTOWN, Ohio – A federal grant will allow Youngstown Neighborhood Development Corp. to rehabilitate more houses and hire more people to do the work, the organization’s executive director says. U.S. Rep. Tim Ryan announced the $420,000 grant to YNDC Wednesday. YNDC applied for the grant, from U.S. Department of Health and Human Services Community Economic […]

$1.32B in Development Projects Pending in Valley

YOUNGSTOWN, Ohio – Economic development projects pending in the Mahoning Valley total $1.32 billion, reports the Youngstown Warren Regional Chamber in a newly published update to members. If completed, these projects would result in 631 news jobs, new annual payroll of $17.2 million and the retention of 1,926 jobs. The update, published in a newsletter […]

Shovels Turn for $7.8M Student Housing Complex

YOUNGSTOWN, Ohio – For many years, students at Youngstown State University have said the campus lacks the vibe of other schools in more traditional college towns. A major reason was the lack of on-campus student housing, even with the addition of the University Courtyard apartments in 2003 and The Flats at Wick in 2010. And […]

Entrepreneurship 101 and More at Youngstown State

YOUNGSTOWN, Ohio — One of Rich Wetzel’s first business ideas was to create an online shopping platform similar to Groupon and LivingSocial. He took it and his business plan to Jim Cossler, CEO of the Youngstown Business Incubator. “Jim Cossler shot me down,” he says, stifling a laugh. “It was a reality check, a learning […]

Port Authority Approves Contract with Trevena

VIENNA TOWNSHP, Ohio – The Western Reserve Port Authority’s newly hired director of economic development wants to see greater marketing of the economic tools the port authority has to offer, he said. The Port Authority’s board of directors approved a 3-year contract Wednesday with Anthony Trevena for the post. Trevena, a former chief of staff […]

Women Entrepreneurs Find Mentors in YBI Program

YOUNGSTOWN, Ohio – Dr. Margee O’Donnell-Foust, founder of Bark Mobile Pet Vet LLC, still has customers who are surprised when a female veterinarian shows up for their pet’s appointment. “When I first started answering the phone, people assumed I was the veterinarian’s wife,” she recalls. O’Donnell-Foust, a veterinarian the past six years, was very comfortable […]

YSU Center Presents Economic Development Plan

YOUNGSTOWN, Ohio – After two years of research, drafting and developing an economic development plan for the city, the Center for Urban and Regional Studies at Youngstown State University Tuesday presented its plan to city officials and stakeholders. The 465-page Citywide Economic Development Strategic Plan outlines areas that have space for development, an analysis of […]


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