Economic Development

He Climbs Mountains and Scales Downtown Projects

YOUNGSTOWN, Ohio – The new owner of the Gallagher Building downtown, Ryan Sheridan, said Tuesday that he is eager to begin work on the property and is in “active discussions” to secure financing. State officials have indicated that the historic preservation tax credit secured by the former owner of the building, the Gatta Co. in […]

Niles Contracts Chamber for Development Services

YOUNGSTOWN, Ohio – The city of Niles and the Youngstown Warren Regional Chamber have entered into a contract for the economic development agency to provide services to the city. Under the terms of the one-year contract, announced Monday, the chamber will provide services including identifying which properties to market, develop a familiarization tour of the […]

NE Ohio’s Biomedical Field Has Grown 59% Since 2000

CLEVELAND ­– Since the start of the 21st century, the biomedical industry in northeastern Ohio has grown 59%, according to a report by economic development organization Team Northeast Ohio. Since 2003, the region has had 448 biomedical startups with $2.3 billion invested. The companies have raised $198 million in funding. Most of that money has […]

Businesses Voice Optimism at Lordstown Event

LORDSTOWN, Ohio – When Canada-based Johnvince Foods was in search of a site to start up a distribution operation in the United States, its operations manager turned to an old friend who happens to be from the village. “A good friend of mine lives down here and had only great things to say about the […]

Half of Small Businesses Say Regulations are a Problem

COLUMBUS – Nearly half of small-business owners say regulations are a “very serious” or “somewhat serious” problem, a survey by the National Federation of Independent Business found. The survey found that 25% of small employers rated regulations as a “very serious” problem and 23% said they are “somewhat serious.” Regulations are affecting businesses employing between […]

City Pays $205K for Amphitheater Project Land

YOUNGSTOWN, Ohio – The city will pay $205,587 to an affiliate of the Vindicator Printing Co. for just under an acre of land to be used for the amphitheater and riverfront park project. The city’s Board of Control approved the contract with Youngstown Downtown Properties Inc. for the property, at West Front and South Phelps […]

Partners Look to Redo Site for Boys & Girls Club

YOUNGSTOWN, Ohio – More than a year ago, Community Corrections Association identified the vacant building at 2126 Market St. – the former Red and White Market – as a prime target for redevelopment. Thanks to the work of several community partners, today that property is well on its way to being repurposed as a recreational […]

Partners Look to Redevelop Site for Boys & Girls Club

YOUNGSTOWN, Ohio – More than a year ago, Community Corrections Association identified the vacant building at 2126 Market St. – the former Red and White Market – as a prime target for redevelopment. Thanks to the work of several community partners, today that property is well on its way to being repurposed as a recreational […]

Growth Report 2017: eCenter@LindenPointe Adds 6 Companies to Incubator

Editor’s Note: The following story is from Growth Report 2017, published by The Business Journal. HERMITAGE, Pa. — At the beginning of 2016, the LindenPointe Development Corp., the nonprofit parent of the eCenter@LindenPointe here, hosted a strategic planning meeting with regional stakeholders. The meeting identified goals in four categories: incubator services, community development, outreach and […]

Auto Parkit LA Site Opens, Warren Operation Next

WARREN, Ohio – Auto Parkit LLC plans to move forward with its proposed multimillion-dollar project in Warren although it might not be at the former Packard Electric Building on Dana Street Northeast. Auto Parkit, founded by city native Christopher Alan, has a backup site expected to serve as an interim location for its operations here […]

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