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Economic Development: With $10M in Backing, Group Vies for Marijuana Site | May 9, 2017

With $10M in Backing, Group Vies for Marijuana Site

CANFIELD, Ohio — A company backed by $10 million from three out-of-town private equity investors is vying for an opportunity to produce and process medical marijuana in Youngstown, its principals say. “Youngstown made the most sense,” said Sanjay Bawan, senior adviser with Mahoning Valley Agricultural LLC. “It’s an opportunity to bring jobs and give back […]

Economic Development: Home Builders Index Shows Permits Still Lagging | May 8, 2017

Home Builders Index Shows Permits Still Lagging

WASHINGTON — Based on current price, permit and employment data, markets nationwide are running at an average of 100% normal economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index released May 4. However, individual components of the index are at different stages of recovery. While employment has reached […]

Economic Development: $10M in Upgrades Slated for Trumbull’s Golden Triangle | May 5, 2017

$10M in Upgrades Slated for Trumbull’s Golden Triangle

WARREN, Ohio – The industrial sector situated mostly in Howland Township and known as the “Golden Triangle” is poised for much needed infrastructure improvements that officials say are critical to expanding manufacturing interests there. About $10 million in infrastructure projects have been identified for the northwestern part of the township and northeastern section of the […]

Economic Development: Population Projections Worse Here than Peer Metros | May 4, 2017

Population Projections Worse Here than Peer Metros

YOUNGSTOWN, Ohio – The metropolitan area that includes the Mahoning Valley is projected to lose 8% of its population by 2030, the worst performance among a dozen peer metros, a newly released report shows. “Indicators of Economic Competitiveness: Mahoning Valley Peer Group Report,” identifies metropolitan statistical areas comparable to the Youngstown-Warren-Boardman MSA based on characteristics […]

Economic Development: Chamber, Niles Join to Redevelop Properties | May 2, 2017

Chamber, Niles Join to Redevelop Properties

YOUNGSTOWN, Ohio – The Youngstown Warren Regional Chamber and the city of Niles have launched a property redevelopment program that uses a study recently completed by Youngstown State University, the chamber announced Monday. The study, led by volunteers from the Avenue & Main community group and the YSU Regional Economic Development Initiative, identified abandoned and […]

Economic Development: City OKs Incentives for Hotel, Chill-Can Projects | April 27, 2017

City OKs Incentives for Hotel, Chill-Can Projects

YOUNGSTOWN, Ohio – The city’s Board of Control this morning approved a development agreement for the Stambaugh Building hotel project and purchased additional land on the East Side for the proposed chill-can project. The development agreement, with partnerships related to developer NYO Property Group, includes a 10-year, 75% enterprise zone property tax abatement and bridge […]