City to Consider Tax Break for $4.4M Valley Foods Project
YOUNGSTOWN, Ohio – City Council next week will consider a 10-year, 75% tax abatement for Valley Foods Inc. to help finance the company’s planned $4.4 million expansion at its East Boardman Street headquarters and plant.
The improvements would result in retaining 34 full-time jobs at the site and creating an additional 35, according to an ordinance council members will take up April 21.
In January, the city’s design review committee approved plans submitted by Strollo Architects for a pre-engineered metal building for the expansion.
The project consists of a 7,360-square-foot factory addition for food production and 6,640 square feet of cooler/freezer space, said vice president John M. Valley in documents outlining the project to city officials.
The abatement would help to address “unforeseen costs” associated with a sewer line relocation and city design guidelines that exceed the project design budget, he said, and assist in the company’s ability to hire additional employees. The sewer relocation and upgraded fencing with landscaping is about $77,000.
Hourly starting wages for the new hires, depending on position, would range from $13 to $20.
Copyright 2023 The Business Journal, Youngstown, Ohio.