Economic Development

U.S. Unemployment Slips to 5.4% in April

WASHINGTON – The U.S. economy added 223,000 jobs in April, the U.S. Department of Labor’s Bureau of Labor Statistics reported this morning. The unemployment rate edged down a tenth of a percentage point from the month before, to 5.4% in April from 5.5% in March. Over the year, the unemployment rate and the number of […]

Poor Ranking for City; Official Says Not Whole Story

YOUNGSTOWN, Ohio – Youngstown ranks dead last — 100th — in a survey of the best and worst metropolitan areas for someone to work for a small business, WalletHub.com said Wednesday. WalletHub, which a spokeswoman describes as “a personal finance website to help consumers make good decisions,” also ranked Toledo 98th, or third from the […]

America Makes to Open Satellite Center in Texas

YOUNGSTOWN, Ohio — America Makes, the National Additive Manufacturing Innovation Institute housed in on the Youngstown Business Incubator campus here, today announced it will open its first “satellite center” at The University of Texas at El Paso  in conjunction with UTEP’s W.M. Keck Center for 3-D Innovation. Kevin Creehan, deputy director of technology transition for […]

Habitat, Lowe’s Team Up for National Women Build Week

YOUNGSTOWN, Ohio – This is National Women Build Week, created by Habitat for Humanity’s Women Build program to challenge women to help build affordable housing in their communities. Locally, projects are in the works involving Habitat for Humanity of Mahoning County. “Women Build is one of my favorite events of the year because it gives […]

Region’s Manufacturing Sector Growing, Team NEO Reports

YOUNGSTOWN, Ohio – Manufacturing in northeastern Ohio is alive, well and growing at a healthy clip, Team NEO said in a report released today. Between 1990 and today, the manufacturing sector grew 17% to $43.6 billion. By 2025, Team NEO projects the sector will account for $53.3 billion of the regional economy, a 25% increase. […]

Manufacturing Leads Regional Economy, Team NEO Reports

YOUNGSTOWN, Ohio – Manufacturing in northeastern Ohio is alive, well and growing at a healthy clip, Team NEO said in a report released today. Between 1990 and today, the manufacturing sector grew 17% to $43.6 billion. By 2025, Team NEO projects the sector will account for $53.3 billion of the regional economy, a 25% increase. […]

New Downtown Barbershop Gets City Grant to Support Move

YOUNGSTOWN, Ohio – The city’s Board of Control this morning approved a $4,198 water/wastewater grant to assist The Starting Line Up’s move to downtown. The barbershop and beauty/nail salon opened Tuesday in the ground floor of the Realty Tower on Central Square (READ STORY). Owner Jerome Franklin plans to spend at least $22,987 on equipment […]

America Makes Awards Heat Exchange Project Funds

YOUNGSTOWN, Ohio – America Makes, also known as the National Additive Manufacturing Innovation Institute, announced two awards Wednesday funded by the Air Force Research Laboratory. America Makes will award $2.7 million in Air Force Research Laboratory toward these projects, described as a” directed project opportunity on conformal heat exchanges, “with $1.4 million in matching cost share […]

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