Economic Development

Williams Says YBI’s Results Justify EDA’s $3M Investment

YOUNGSTOWN, Ohio – There was much discussion among the Economic Development Administration’s staff regarding whether the agency’s administrator should come to his hometown for today’s announcement at the Youngstown Business Incubator. EDA is headed by Jay Williams, assistant secretary of the U.S. Department of Commerce, who served as Youngstown’s mayor until from late 2005 until […]

Port Authority Undertakes Hiring Executive Director

VIENNA TOWNSHIP, Ohio – John Moliterno, interim executive director of the Western Reserve Port Authority, confirmed Wednesday that he intends to apply for the position. He did so after the regular meeting of the board of directors. During their meeting, directors approved a new strategic plan that included hiring an executive director. The board also […]

Incubator’s Growth Won’t Stop at Fifth Building

YOUNGSTOWN, Ohio – The Youngstown Business Incubator’s acquisition of the former Vindicator building downtown is just the start of future expansion efforts, says its executive director. “We’ve got to think about our sixth building and seventh building,” says Jim Cossler. “We’re not going to stop growing.” The YBI purchased the former Vindicator office building at […]

YBI Pays $654,500 for Vindicator Building

YOUNGSTOWN, Ohio – The Youngstown Business Incubator paid $654,500 to buy the building at 29 Vindicator Square, owned by Vindicator Printing Co., records show. The transaction closed March 13. The asking price for the building was $700,000, according to a story in today’s Vindicator. “The price was based on the cost of renovations necessary to […]

Development ‘Coming Up Roses’ in Lordstown

LORDSTOWN, Ohio – A large swath of acreage that was once dominated by tall woods along state Route 45 is now mostly felled trees and brush, as development moves forward with a proposed industrial park on land once owned by General Motors Corp. “Right now, we’re busy cutting down trees and getting the site ready […]

Sheet & Tube Houses Eyed for Veterans Housing

CAMPBELL, Ohio – A nonprofit organization is exploring converting a complex of row houses once the homes of workers of the Youngstown Sheet & Tube Co. into housing for homeless veterans. Tim Sokoloff of the Iron Soup Historical Preservation Co. said that renovating the units would help restore a blighted neighborhood while repurposing the houses […]

$900M in Financing Secured for Carroll Energy Plant

CARROLLTON, Ohio – Advanced Power AG, an international energy corporation based in Switzerland, says it has secured financing to move forward with its nearly $900 million Carroll County Energy project. The company’s plan to build a natural-gas fueled electrical plant here was first announced in July 2013 (READ STORY). Advanced Power, the Switzerland-based parent company […]

$900M in Financing Secured for Carroll County Energy Plant

CARROLLTON, Ohio – Advanced Power AG, an international energy corporation based in Switzerland, says it has secured financing to move forward with its nearly $900 million Carroll County Energy project. The company’s plan to build a natural-gas fueled electrical plant here was first announced in July 2013 (READ STORY). Advanced Power, the Switzerland-based parent company […]

$900M in Financing Secured for Carroll County Energy Project

CARROLLTON, Ohio – Advanced Power AG, an international energy corporation based in Switzerland, says it has secured financing to move forward with its nearly $900 million Carroll County Energy project. The company’s plan to build a natural-gas fueled electrical plant here was first announced in July 2013 (READ STORY). Advanced Power, the Switzerland-based parent company […]

Chamber, Farm Bureau Form Partnership

YOUNGSTOWN, Ohio – The Youngstown Warren Regional Chamber today announced the formation of an economic development partnership with the Ohio Farm Bureau to promote the growth of the agriculture industry in a nine-county region of northeast Ohio. The partnership results from more than a year of discussions to define a joint strategy to better serve […]

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