Economic Development

Franklin Extols Warren’s Progress in State of City Speech

WARREN, Ohio – Efforts to bring business back to Warren after years of decline, improve the city’s ailing infrastructure, upgrade city buildings and revitalize downtown are beginning to pay off, Mayor Doug Franklin told the audience at today’s Good Morning Warren breakfast. Franklin admitted he has a problem when he was writing the State of […]

Downtown Signage to Reflect Its ‘Eclectic’ Character

YOUNGSTOWN, Ohio – The prototypes of new signage for the downtown and the major routes into the city should arrive within the next month, the Youngstown director of downtown events, Michael McGiffin, said Tuesday. McGiffin updated some 45 downtown stakeholders of the Economic Action Group on Studio Graphique’s plans to design directional signs, information kiosks […]

County, City, Jobless Rates Stay Steady

YOUNGSTOWN, Ohio – Area unemployment rates in March were largely unchanged from the month before, according to data released today by the Ohio Department of Job and Family Services. In Trumbull County, the 7.0% unemployment rate last month was consistent with the February rate, although down more than a full percentage point from 8.1% in […]

Team NEO Names Westfield Group CEO as Chairman

CLEVELAND — The governing board of directors of Team Northeast Ohio has named Jim Clay, chairman and CEO of Westfield Group, as its chairman, the organization announced this morning. He succeeds Ward J. “Tim” Timken, Jr., chairman, chief executive officer and president of TimkenSteel Corp., and David T. Abbott, executive director of The George Gund […]

Regional Chamber Announces ‘Middle Skills’ Series

YOUNGSTOWN, Ohio – The Youngstown Warren Regional Chamber will launch a four-part series beginning this May focusing on the “middle skills” needed to meet the demands of employers. The Rebuilding America series will kick off May 20 with “Bridge the Gap: Rebuilding America’s Middle Skills,” which will include a keynote address by Harvard Business School […]

Ohio Unemployment Rate Steady at 5.1%

COLUMBUS, Ohio – Ohio’s unemployment rate in March was 5.1%, unchanged from the February report, the Ohio Department of Job and Family Services reported this morning. The unemployment last month was down from the 6.0% reported in March 2014. The national unemployment rate in March, at 5.5%, was also unchanged from February, but down from […]

Wean Foundation Essential in YBI Expansion

YOUNGSTOWN, Ohio – A $630,000 program arranged by the Raymond John Wean Foundation assisted the Youngstown Business Incubator’s expansion. Foundation officials were on hand Thursday for the official announcement of YBI’s acquisition of the former Vindicator building downtown. During the press event, Barb Ewing, YBI chief operating officer, said without Wean’s participation, the $6 million […]

YBI Envisions Its Future in Old Newspaper Building

YOUNGSTOWN, Ohio – As he toured the 57,500-square-foot structure will become the fifth building of the Youngstown Business Incubator campus, “You get a sense and an appreciation” of the history of the community, Jay Williams said Thursday. Williams, U.S. assistant secretary of commerce and administrator of its Economic Development Administration, was among the guests who […]

YBI Celebrates Acquisition of Fifth Building

YOUNGSTOWN, Ohio – The staff and directors of the Youngstown Business Incubator and its various federal, state and local partners celebrated the official announcement this morning that YBI would move forward on the fifth building of its downtown campus. Work will begin later this year to convert the former Vindicator office building, which at one […]

Williams Says YBI’s Results Justify EDA’s $3M Investment

YOUNGSTOWN, Ohio – There was much discussion among the Economic Development Administration’s staff regarding whether the agency’s administrator should come to his hometown for today’s announcement at the Youngstown Business Incubator. EDA is headed by Jay Williams, assistant secretary of the U.S. Department of Commerce, who served as Youngstown’s mayor until from late 2005 until […]

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