Economic Development

Chamber, Niles Join to Redevelop Properties

YOUNGSTOWN, Ohio – The Youngstown Warren Regional Chamber and the city of Niles have launched a property redevelopment program that uses a study recently completed by Youngstown State University, the chamber announced Monday. The study, led by volunteers from the Avenue & Main community group and the YSU Regional Economic Development Initiative, identified abandoned and […]

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 […]

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