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Economic Development: Residential Construction Must Deal with Labor Shortage | March 22, 2017

Residential Construction Must Deal with Labor Shortage

POLAND, Ohio – Long-term prospects for the housing industry are strong but contractors face short-term supply challenges, including a lack of workers to build new houses, an industry economist said. “The question is whether the industry can build enough homes to meet the rising level of demand,” Rob Dietz, chief economist for the National Association […]

Economic Development: Looking for Development Site? Check the Inventories | March 21, 2017

Looking for Development Site? Check the Inventories

YOUNGSTOWN, Ohio — Site inventories maintained by economic development organizations provide commercial developers with a central point to access the properties in the communities where they are exploring projects, as well as options beyond those areas. In the Buckeye State, JobsOhio maintains the statewide database of the information these entities submit. JobsOhio is the public-private […]

Economic Development: Mahoning Companies Meet Requirements for Incentives | March 21, 2017

Mahoning Companies Meet Requirements for Incentives

YOUNGSTOWN, Ohio – The companies participating in Mahoning County’s Enterprise Zone program are substantially in compliance with the terms of their agreements with the county. However, the program administrator is waiting to hear back from one of the companies. The Mahoning County Tax Incentive Review Council met Monday to evaluate the performance of the five […]

Economic Development: Marchionda’s $32.1M Stambaugh Renovation Proceeds on Schedule | March 20, 2017

Marchionda’s $32.1M Stambaugh Renovation Proceeds on Schedule

YOUNGSTOWN, Ohio — What look like drinking fountains near the staircases in the Stambaugh Building are anything but. They’re spittoons, relics of the 19th and early 20th centuries, and they’ll remain as the building is transformed into a Hilton DoubleTree Hotel. The historic aspects of the common spaces in the building will be fully rehabilitated. […]

Economic Development: Youngstown Completes Design Agreement for Amphitheater | March 17, 2017

Youngstown Completes Design Agreement for Amphitheater

YOUNGSTOWN, Ohio – The city Board of Control approved a design services agreement Thursday with Columbus landscape architecture firm MKSK to design the $9 million riverfront park and amphitheater. Last month, the board approved an $830,000 contract with MKSK to provide design and construction management services. The agreement approved yesterday incorporates suggestions by architect Paul […]

Economic Development: FCC Chairman Pai Supports ‘Free and Open’ Internet | March 17, 2017

FCC Chairman Pai Supports ‘Free and Open’ Internet

YOUNGSTOWN, Ohio – The chairman of the Federal Communications Commission, Ajit Pai, says he favors “free and open” internet service that is guided by less regulation and more investment in broadband networks across the country. “My vision is to carry forward that Clinton administration model of light-touch regulation,” Pai told reporters during a press conference […]

Economic Development: AutoParkit Garage Fascinates Port Authority Officials | March 16, 2017

AutoParkit Garage Fascinates Port Authority Officials

YOUNGSTOWN, Ohio – Representatives of the Western Reserve Port Authority met in Los Angeles last week with three West Coast entrepreneurs who are pursuing projects in the Mahoning Valley. They met the entrepreneurs, who have ties to the Valley, at the ribbon cutting for the new parking garage developed by AutoParkit LLC. John Moliterno, executive […]

Economic Development: Ohio New Business Filings Had 2nd-Best Month in February | March 15, 2017

Ohio New Business Filings Had 2nd-Best Month in February

COLUMBUS, Ohio – Ohio posted its second-best month ever in new business filings during February, Ohio Secretary of State Jon Husted announced today. Last month, 10,204 new entities filed to do business in Ohio, an increase of 803 from February 2016, Husted’s office reported. The February total comes behind only the 10,478 filings reported for […]

Economic Development: Amphitheater Not Meant as Profit Center, Officials Say | March 14, 2017

Amphitheater Not Meant as Profit Center, Officials Say

YOUNGSTOWN, Ohio – Youngstown officials envision the proposed amphitheater/riverfront park project as a quality-of-life enhancement rather than a major revenue generator for the city. Citizens who attended last week’s meeting regarding a federal loan the city plans to take related to the $9 million project asked questions regarding revenue projections for the amphitheater. “We are […]

Economic Development: New Retail Building Slated for Westford Development | March 13, 2017

New Retail Building Slated for Westford Development

CANFIELD, Ohio – Work on a new retail building is set to begin this summer at the Westford Lifestyle Community, says its developer. “It’s a 12,000-square-foot, single story building just behind Panera Bread in Westford,” says Chuck Whitman, president of CTW Development Corp. “We’ll be starting that in July.” Whitman says the new building will […]