Economic Development

Regional Development Fund Gets $45 Million for Tax Credits

AKRON – The Development Fund of the Western Reserve Inc. has been allocated $45 million in federal funds, U.S. Rep. Tim Ryan announced Monday. The fund is a private non-profit managed by the Development Finance Authority of Summit County. Its purpose is to enable investments that target eligible low-income communities throughout its 18-county service area, […]

Regional Chamber Issues 2Q Development Update

YOUNGSTOWN, Ohio – The Youngstown Warren Regional Chamber today issued its economic development update for the second quarter that essentially showed little movement since the first quarter (CLICK HERE). The chamber reported $1.62 million in completed projects – the same figure it reported in its first-quarter economic development update. No new jobs or annual payroll […]

Mancini Talks to County Leaders about Film Studio

YOUNGSTOWN, Ohio – Even before he moved back to Youngstown last year after living two decades in California, Ray “Boom Boom” Mancini knew the area could be a stand-in for other locales on the silver screen. “I was at The Lake Club with my wife looking out at Lake Evans,” the retired boxer turned film […]

TimkenSteel Begins Construction of $40M Plant

CANTON, Ohio – TimkenSteel has begun construction on an advanced quench-and-temper facility in Perry Township that will produce more valued-added steel for demanding applications, the company announced today. The $40 million plant will be fully operational next year, Timken said. It will perform heat-treat operations and have capacity for 5 0,000 process-tons annually of 4-inche […]

Team NEO Names New CEO

CLEVELAND — Team Northeast Ohio today named William “Bill” R. Koehler as chief executive officer of the organization, James R. Clay, Team NEO’s chairman, announced today. Koehler assumes the role June 15. Koehler, a senior executive with more than two decades of experience in corporate banking, has served in various leadership positions within KeyBank and […]

Grants Enhance Valley Workforce Training Efforts

YOUNGSTOWN, Ohio – Recently announced grants will boost programs aimed at training people for jobs in manufacturing and health care, proponents say. On Thursday, the Local Government Innovation Program awarded $50,000 to help establish a manufacturing training center in Youngstown. The day before, the Fund for Our Economic Future approved a grant of up to […]

WRAP Opens Shops on the Square

WARREN, Ohio – Space is available for small businesses in the new Shops on the Square, a cooperative sponsored by Warren Redevelopment and Planning Corp. at 124 N. Park Ave. on Courthouse Square. The former radio station building was designed with multiple rooms used as offices which are being transformed into eight individual retail shops […]

President Outlines Benefits of Lordstown Project

WARREN, Ohio – Despite what the paperwork indicates, the 100% tax abatement assigned to a proposed $800 million electrical generation plant project in Lordstown in no way shortchanges the community, officials say. “There’s a little bit of a misnomer in that we’re asking for a 100% abatement,” said Bill Siderewicz, president of Clean Energy Future […]

Commissioners Grant Tax Break for Lordstown Project

WARREN, Ohio – The Trumbull County Board of Commissioners this morning approved a 15-year, 100% abatement of real and personal property taxes for Clean Energy Future LLC to build a natural gas-fueled electricity generation plant in Lordstown Village. Lordstown Village Council last week approved the incentive package including the abatement for the project, which will […]

Trumbull Commissioners Grant Tax Break for Lordstown Project

WARREN, Ohio – The Trumbull County Board of Commissioners this morning approved a 15-year, 100% abatement of real and personal property taxes for Clean Energy Future LLC to build a natural gas-fueled electricity generation plant in Lordstown Village. Lordstown Village Council last week approved the incentive package including the abatement for the project, which will […]

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