Economic Development

City OKs Incentives for Hotel, Chill-Can Projects

YOUNGSTOWN, Ohio – The city’s Board of Control this morning approved a development agreement for the Stambaugh Building hotel project and purchased additional land on the East Side for the proposed chill-can project. The development agreement, with partnerships related to developer NYO Property Group, includes a 10-year, 75% enterprise zone property tax abatement and bridge […]

Hotel Incentives on Board of Control Agenda

YOUNGSTOWN, Ohio – The city’s Board of Control today will consider incentives to grant NYO Property Group, the developer of the Stambaugh Building hotel under construction. The incentives, as outlined on the board’s agenda for this morning’s meeting, include a 10-year, 75% abatement of real property taxes; a term loan of up to $700,000 for […]

Valley Cities Top Ohio Jobless Rates in March

YOUNGSTOWN, Ohio – The two largest cities in the Mahoning Valley posted the highest unemployment rates among Ohio’s major cities in March as rates in both rose half a percentage point or more from February. Trumbull and Mahoning counties also landed in the top five among Ohio’s 88 counties for the month, according to data […]

Columbiana Port Authority Renews Contract with Traina

EAST LIVERPOOL, Ohio — The Columbiana County Port Authority renewed the employment contract of its CEO, Penny Traina, for another year Monday night. The contract provides an annual salary of $95,000 plus an additional five days of vacation, taking her vacation time to four weeks a year. “I am very happy with Penny’s efforts in […]

Brown, Ryan, Workers Want Trump to Protect Jobs

WARREN, Ohio – U.S. legislators and local labor representatives agree they must keep pressure on President Trump to uphold his campaign promises to protect steel and steel-related jobs. U.S. Sen. Sherrod Brown, D-Ohio, and U.S. Rep. Tim Ryan, D-13 Ohio, conducted a roundtable Monday with a dozen northeastern Ohio steelworkers at the United Steel Workers […]

Study Estimates $2.6M Price Tag for Delphi Cleanup

WARREN, Ohio – Rehabilitation of the site proposed for AutoParkit LLC’s headquarters and plant here could cost $2.6 million, an environmental review of the study found. The Western Reserve Port Authority paid Brownfield Restoration Group LLC, Akron, $200,000 for the environmental assessment of the former Delphi Packard Electric property on Dana Street. In October 2015, […]

YSU Gets $187K from Commission Trump’s Budget Would Cut

YOUNGSTOWN, Ohio — A $187,000 federal grant is on its way to Youngstown State University from the Appalachian Regional Commission, U.S. Rep. Tim Ryan, D-13, announced today, which underscores why the economic development agency is vital to the region, he said. The commission is on the chopping block under President Trump’s proposed budget. The YSU […]

Record Number of New Business Filings in March

COLUMBUS, Ohio – More new businesses filed start-up documents in March than in any previous month since recordkeeping began, reports Ohio Secretary of State Jon Husted. Last month 12,827 new entities filed to do business in the state – 2,349 more than in March 2016, he says. Through the first three months of the year, […]

McNally Looks to JAC to Operate Amphitheater

YOUNGSTOWN, Ohio – Mayor John McNally wants to expand the city’s contract with JAC Management Group to manage the amphitheater being developed as part of the downtown riverfront park project, he said Monday. Legislation could go before City Council in the next few weeks to authorize JAC’s expanded role and his administration is working on […]

Lordstown Energy Project Sparks $1.09B Invested in Mahoning Valley

YOUNGSTOWN, Ohio – Boosted by the Lordstown Energy Center project, private companies invested more than $1 billion last year in the Mahoning Valley, according to data released Monday by the Youngstown Warren Regional Chamber. The data, compiled by the chamber and its economic development partners and published in the 2016 Economic Development Report Card, show […]

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