Economic Development

YBI Expansion Should Be Ready by Year-end, CIC Told

YOUNGSTOWN, Ohio – Work on Tech Block 5 of the Youngstown Business Incubator, the old Vindicator building, should be completed by year-end, the board of the Youngstown Central Area Community Improvement Corp. learned Tuesday. The U.S. Economic Development Administration, which is granting $3 million toward the repurposing of the old newspaper plant, has signed off […]

JobsOhio Cites Record Metrics in Annual Report

COLUMBUS, Ohio – JobsOhio touts record numbers of job creation and capital investment in its 2015 annual report and strategic plan. The state’s private economic development corporation reports it worked on 330 projects last year that resulted in 23,602 new jobs in Ohio – more than 9,100 during the final quarter — and $6.7 billion […]

Fresh Coast Capital to Reclaim City Park Lands

YOUNGSTOWN, Ohio – Youngstown is among six cities nationwide working with a Chicago-based investment fund in a program designed to reclaim and repurpose vacant land. Fresh Coast Capital announced Thursday that the $1 million fund would invest in 60 acres of pilot projects in Youngstown, St. Louis, Kansas City, Mo., Elkhart, Ind., and Battle Creek […]

Port Authority Advances 4 Development Projects

BOARDMAN, Ohio – The Western Reserve Port Authority is assisting four economic development projects in Mahoning and Trumbull counties, including the proposed Auto Parkit LLC headquarters and plant in Warren. “We’re not having any trouble keeping busy now,” said Anthony Trevena, WRPA’s director of economic development. The port authority’s economic development division recently was rebranded […]

Velfera Auto Design Project Hits Bump in the Road

YOUNGSTOWN, Ohio – The failure of Velfera Auto Design Inc. to secure the land it sought in western Pennsylvania isn’t affecting its plans elsewhere, an East Liverpool city official said Tuesday. The president of Velfera, Antonio Pierce, met Tuesday with East Liverpool officials about the project. “It was a great meeting,” remarked Brian Allen, safety […]

Cortland Banks Donates $5,000 to YBI

CORTLAND, Ohio – A $5,000 donation by Cortland Banks will support the Youngstown Business Incubator’s expanded services in information technology and additive manufacturing. The funding will help programs and services that will generate revenue to ensure long-term financial viability, the bank said in a news release this morning. “The additional funding provided by local business […]

Traina Agrees to Terms, CCPA Board Member Blasts Drake

EAST LIVERPOOL, Ohio – Penny Traina, who resigned her seat on the board of the Columbiana County Port Authority last November, returned Monday night as its second CEO after signing a one-year employment contract March 9. The board chose Traina at a special meeting March 3, authorizing Chairman Charles Presley and Vice Chairman Keith Chamberlin […]

WE Program Mentors Aspiring Entrepreneurs

YOUNGSTOWN, Ohio – Entrepreneurship, Carmella Williams says, is in her blood. She wanted to go into business from the time she was old enough to understand the concept. “I just hadn’t found that one thing that I would call its purpose,” she says. That entrepreneurial spirit goes back to her grandfather who, after he was […]

Road to Youngstown’s Renewal Spans Decades

YOUNGSTOWN, Ohio – Business leaders, quasi-government organizations, city administrators, elected officials, institutions such as Youngstown State University, neighborhood groups – even a long-ago president of the United States — all share in the credit of rebuilding the appeal and image of the city. That was the overarching message of the Youngstown Warren Regional Chamber’s Good […]

9,401 Entities File to Do Business in February

COLUMBUS, Ohio – Some 9,401 new entities filed to do business in Ohio during February, the office of Secretary of State Jon Husted announced Wednesday, noting that the figure 1,483 higher than the number of business filed in February 2015 when 7,918 entities submitted their paperwork. Husted said based in the number of filings in […]

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