Trumbull County Approves Economic Development Contract with Chamber
TRUMBULL COUNTY, Ohio — Trumbull County Commissioners approved a new 12-month, $23,000 economic development contract with the Youngstown/Warren Regional Chamber.
The Chamber oversees the retention and expansion of local business and attraction of new investment throughout the Valley, and assists companies with identifying suitable properties, securing project incentives and obtaining strategic information.
“In 2019 and year-to-date in 2020, the Regional Chamber managed Trumbull County projects totaling $2,519,475,000 of private company investment and resulting in the creation of 2,345 new jobs and retention of 552 positions,” said Sarah Boyarko, the chamber’s chief operating officer and senior vice president of economic development.
Two such projects include the attraction of the 1.2 million square-foot HomeGoods Distribution Center that will create 1,000 new jobs in the Village of Lordstown, and the expansion of Old Dominion Freight Lines into a new space, doubling its service capacity in the region. Construction at both locations is underway.
Frank Fuda, president of the Board of Commissioners, noted that, “We have worked closely with the Regional Chamber for many years and recognize the importance of their economic development work throughout the county,” said Frank Fuda, president of the county board of commissioners. “Year after year we have realized an immense return on our investment in terms of the services the Chamber provides to companies to support their growth and job creation.”
The chamber currently manages 18 pending projects throughout the Valley, totaling $1,838,050,921, which are expected to be announced within the next 12 to 24 months.
“Much of this pending investment is targeted for Trumbull County, and we look forward to these future expansion announcements, as well as the attraction of several new companies to our market,” Boyarko said.
Published by The Business Journal, Youngstown, Ohio.