Some of our recent major projects include:
TRANSGLOBAL - With the help of the Regional Chamber, Transglobal is investing $3.5 million in new machinery and constructing a 40,000 square-foot stamping plant. This opportunity to further solidify the company's role in the electric vehicle supply chain comes as a result of securing contracts with General Motors and Rivian to produce truck doors. The expansion will result in the creation of 30 new jobs in Warren Township.
MACY'S FULFILLMENT SERVICES - Macy's nearly $30 million expansion to offer fulfillment services at its longtime North Jackson distribution center is well underway. The investment will result in the retention of 55 employees and the creation of 417 new jobs over the next three years. The Regional Chamber supported this project by presenting a variety of business resources, ensuring access to a public transportation route and securing infrastructure funds for road upgrades to the industrial corridor.
THOMAS STEEL STRIP - In 2021, Thomas Steel Strip, a subdivision of Tata Steel, announced plans to expand its workforce in Warren, adding 42 new jobs and retaining 220 positions, to support the company’s entrée into the rechargeable battery market. Throughout Thomas Steel Strip’s decision-making process, the Regional Chamber supported their business needs by providing resources related to workforce, project funding, infrastructure and more.
VALLEY FOODS - Valley Foods, a local family-owned food service company that has been supporting the National Guard for nearly a quarter-century, continues to progress with its expansion in downtown Youngstown. Their business’s investment in an additional 7,200 square feet of manufacturing space and 6,200 square feet of refrigeration and freezer space will result in 35 new jobs and is expected to be completed in coming months.
Local Economic Development Agency Partners
Youngstown-Warren Region Realized More Than $153 Million of Investment in 2021
March 16, 2022
Private companies invested more than $153 million in the Valley last year, many with the help of regional economic development agencies. According to data compiled by the Youngstown/Warren Regional Chamber and its economic development partners—and published in the 2021 Economic Development Report Card—a total of 117 projects resulted in $153,618,060 invested, 903 new jobs and 1,119 retained jobs.
In comparison, in 2020, 78 company projects resulted in $2,956,016,640 of investment, 4,191 new jobs and 1,965 retained jobs.
Sarah Boyarko, COO at the Regional Chamber, said, “The report card is used to inform our community about the diverse economic growth throughout the two-county area. The participating entities work collectively to support businesses to help make these investments a reality, and the report card and information provided are always well received.”
The Chamber, in partnership with 16 other agencies, gathers data on economic development investment in the Valley annually. The entities’ combined resources assist companies with infrastructure investment, tax incentives, loans, project coordination, grant oversight, technical advisement, property development and other services. Each individual agency provides project investment for business attraction, retention/expansion and/or startup; job creation/retention; and notable activity that occurred within its reporting year. The collective efforts of the agencies are screened for duplication and then presented in the report card.
“Economic Development in Trumbull County and the Mahoning Valley as a region requires a team effort from all agencies. The report card is a great way to recap the economic growth, job creation and investment that occurred, along with the collaborative outcomes from our partners over the past year,” stated Julie M. Green, director of the Trumbull County Planning Commission.
Vern Richberg, director of Supply Chain Diversity at the Youngstown office of the Ohio Department of Development, Youngstown/Warren Minority Business Assistance Center, added, “The report card is an invaluable tool that we use to help us keep our eyes on the pulse of diversity in business and supply chain opportunity. For our team, the report is both useful and informative and reflects a complete picture of the vibrancy and durability of business in and around the Mahoning Valley.”
The Regional Chamber’s partners in Mahoning and Trumbull counties include BRITE Energy Innovators; CASTLO Community Improvement Corp.; City of Warren; City of Youngstown; Eastern Ohio Military Affairs Commission; Eastgate Regional Council of Governments; Economic Action Group; Ohio Department of Development Minority Business Assistance Center (MBAC); OhioMeansJobs Mahoning and Trumbull counties; Ohio Small Business Development Center and Export Assistance Network of Youngstown State University; Trumbull County Planning Commission; Valley Economic Development Partners; Warren Redevelopment and Planning Corporation; Western Reserve Port Authority/Northeast Ohio Development and Finance Authority; Youngstown Business Incubator; and Youngstown State University Office of Community and Economic Development.
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About the Youngstown/Warren Regional Chamber: The Youngstown/Warren Regional Chamber is a private, nonprofit economic development organization serving Mahoning and Trumbull counties in northeast Ohio. The Regional Chamber supports local expansion and attraction of new investment and job creation in the two-county area by providing services such as site selection, customized research and program coordination. The Regional Chamber is currently managing more than $1.1 billion of pending investment that is expected to be announced over the next 12 to 24 months. For more information, visit www.regionalchamber.com.
For more information, please see the
2022 Economic Development Report Card - RY2021.