John Moliterno

Northeast Ohio Development and Finance Authority

John Moliterno is the executive director of the Western Reserve Port Authority, which provides economic development and aviation services in Mahoning and Trumbull Counties.

Moliterno’s expansive experience in public and private sector ventures makes him among the most highly credentialed economic development professionals in the region.

Moliterno was once chairman of the board of the Port Authority when the airport and its operations were just becoming established. He is former president and CEO of Pegasus Printing Company, the Youngstown Warren Regional Chamber and the Better Business Bureau. Also appointed to the Ohio Consumers Counsel Governing Board by the Ohio Attorney General, where he served as chairman for many years.

Moliterno is a board member of the Youngstown State University Penguin Club, the Better Business Bureau of Mahoning Valley, the Youngstown Symphony and the Youngstown Central Business District Community Improvement Corporations.

He and his wife raised their two grown children in Girard. He is a long-time member of the Girard City Council and formerly served many years on the Board of Education.

Opportunity, Affordability, Location

The Northeast Ohio Development and Finance Authority combines leading edge financing tools, consulting services and partnership opportunities into a unique suite of development solutions for business, government and non-profit institutions.

Whether you’re a company or non-profit seeking ways to finance growth, a developer looking for help with the public infrastructure needed to move your project forward, or a government entity searching for ways to retain or attract jobs and development, our professional, experienced staff is eager to put our solutions to work for you.

  • Financing through our fixed-interest rate financing programs makes it possible for developers to access the U.S. capital market and borrow funds at investment grade rates. Other financing options, such as capital leases and clean energy investments, and tax increment financing may provide investors with significant savings on construction costs.
  • Tax Abatement through the four Enterprise Zones in Mahoning County, and four Foreign-Trade Zones in Mahoning and Trumbull Counties. We help businesses take advantage of the financial benefits they offer.
  • Community Development opportunities where local, state and federal entities can revitalize former industrial sites along scenic stretches of the Mahoning River Corridor, or development special improvement districts to optimize development impact in a given area or neighborhood.

Port Authority Provides Financing for Hotel Project

For years, the Stambaugh Building, once one of the crown jewels of downtown Youngstown, sat empty and deteriorating – a reminder of the business district’s glorious past and uncertain future. In 2012, developer Dominic Marchionda, CEO of Youngstown-based NYO Property Group, saw an opportunity to transform the neoclassical office building...