Trumbull County Commissioners approved a new 12-month, $23,000 contract with the Youngstown/Warren Regional Chamber to continue its multi-faceted economic development efforts in the county.
Trumbull County Commissioners approved a new 12-month, $23,000 contract with the Youngstown/Warren Regional Chamber to continue its multi-faceted economic development efforts in the county.
The Chamber oversees the retention and expansion of local business and attraction of new investment throughout the Valley, providing a broad range of proven economic development services by assisting companies in identifying suitable properties, securing project incentives, obtaining strategic information and much more.
Sarah Boyarko, the Chamber's chief operating officer and senior vice president of Economic Development, said, "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."
Two such projects that the Regional Chamber led included 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, whose new facility will double their 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. 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 is currently managing 18 pending projects throughout the Valley, totaling $1,838,050,921, that 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," said Boyarko.
For additional information on the Regional Chamber's economic development services, visit regionalchamber.com.