Economic Development

Port Authority Gets $2.1M for Airport Upgrades

VIENNA TOWNSHIP, Ohio– The U.S. Federal Aviation Administration has awarded $2.1 million to the Western Reserve Port Authority for updates and improvements at Youngstown-Warren Regional Airport, which the port authority operates. The funds were made available through the U.S. Department of Transportation. The funding is part of the FAA grant the airport has been expecting […]

Youngstown OKs Help for NYO’s Wick Tower

YOUNGSTOWN, Ohio – The 20 Federal Place building, owned by the city, will lend a hand – to wit, utilities — to NYO Property Group as it prepares to open Wick Tower. Under the lease the Board of Control approved Thursday morning, NYO will place its heat exchanger in the basement of 20 Federal Place […]

YBI, America Makes Announce $100K Startup Contest

YOUNGSTOWN, Ohio – To raise its profile in additive manufacturing, the Youngstown Business Incubator has announced the Amped $100,000 Startup Competition. YBI describes the contest as an opportunity for the winning team to start a portfolio company on its campus. “Teams will have the opportunity to compete for up to $100,000 of investment funding and […]

Economic Development Tops Moliterno’s Agenda

VIENNA TOWNSHIP, Ohio – Expanding the Western Reserve Port Authority’s economic development capacity is the top priority for John Moliterno, hired Wednesday as its executive director. WRPA board members talked with Moliterno and the other remaining candidate for the position, Anthony Trevena, and deliberated in executive session for more than three hours Wednesday before voting […]

Board to Interview 2 Finalists to Lead WRPA

VIENNA TOWNSHIP, Ohio – The Western Reserve Port Authority Board of Directors will hold a special meeting next Wednesday to interview the two finalists for executive director as part of a staff reorganization, the chairman of the committee conducting the search said yesterday. Neither finalist was identified. The committee has interviewed seven candidates after an […]

Economic Action Group Hears Outsiders’ Views

YOUNGSTOWN, Ohio – For nearly a year, the Economic Action Group, stakeholders who live and work in the downtown, worked to write a plan that would further the revitalization of the central business district. The stakeholders put forth ideas for infrastructure upgrades, highlighting where developments could take place and analyzed market demand as they came […]

Ohio New Business Filings Up Slightly in May

COLUMBUS, Ohio – The number of new entities filing to do business in Ohio during the month of May rose slightly, up to 7,945 compared to 7,820 in May 2014, Ohio Secretary of state Jon Husted announced today. Through the first five months of 2015, 42,363 new businesses have been formed in Ohio, maintaining course […]

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 […]

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