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 2020 and year-to-date in 2021, the Regional Chamber managed Trumbull County projects totaling $2,844,518,046 of private company investment and resulting in the creation of 3,023 new jobs and retention of 592 positions.”
Two such projects that the Regional Chamber led included the attraction of M&M Industries to the Village of Lordstown, where they have invested $37 million and will create 106 new jobs, and the recent announcement by Thomas Steel Strip, which plans to create 42 new jobs while retaining 220 positions to support their expansion into the rechargeable battery market.
Mauro Cantalamessa, president of the Board of Commissioners, noted that, “The Regional Chamber plays a major role in the economic success of Trumbull County by supporting local company expansions and the attraction of new investment. They continue to be a good partner to the commissioners and the county as a whole.”
The Chamber is currently managing 17 pending projects throughout the Valley, totaling $1,207,492,500, that are expected to be announced within the next 12 to 24 months. “A good portion of this pending investment is targeted for Trumbull County, and we look forward to these future expansion and attraction announcements,” said Boyarko.