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Economic Development
Only 2 of 81 Properties Remain for Downtown CIC
Thursday, January 29, 2015
YOUNGSTOWN, Ohio -- With its involvement in the disposition of the Wells Building complete, the Youngstown Central Area Community Improvement Corp. turns its attention to the Armed Forces/State Theatre property.
The properties on West Federal Street are the last two parcels of the 81 the downtown CIC was charged with improving two decades ago, facilities supervisor Lynn Popa said.
Area Unemployment Shows Year-Over-Year Decline
Tuesday, January 27, 2015
YOUNGSTOWN, Ohio -- Despite a slight uptick in rates in December, unemployment in Mahoning, Trumbull and Columbiana counties finished last year about two percentage points lower than 2013, data released this morning show.
Both Columbiana and Mahoning counties posted an average unemployment rate during 2014 of 6.2%, down from 2013’s 8.1% in Columbiana County and 8.3% in Mahoning County. In Trumbull County, the 6.3% jobless rate last year was down from 8.3% the year before.
Aerodynamics Inc. to Issue Response to USDOT Order
Tuesday, January 27, 2015
YOUNGSTOWN, Ohio -- Aerodynamics Inc. plans to release a statement this morning in response to the order issued by the U.S. Department of Transportation last week that not only called into question the carrier’s plans to provide daily service for Youngstown-Warren Regional Airport but its fitness to operate, airport aviation director Dan Dickten says.
An ADI spokesman said Monday that he expected the company to issue a statement later that day, but Dickten said later in the day that the release would be forthcoming Tuesday.
Region's Economy to Grow 14% by 2025 – Team NEO
Monday, January 26, 2015
CLEVELAND --- The northeastern Ohio region’s gross regional product grew 45% from 1990 to 2015, although employment gained only 3% over the period, Team NEO reports.
The quarterly Cleveland Plus Economic Review, released Sunday, projects that northeastern Ohio’s gross regional product will grow another 14% to reach a $247 billion economy and employment will fall to by 5% by 2025.
Program Supports Partnerships Between Air Base, Community
Friday, January 23, 2015
VIENNA TOWNSHIP, Ohio -- Four collaborative projects between the Youngstown Air Reserve Station and community stakeholders -- including a proposed firearms and safety training center at the Trumbull Campus of Kent State University -- will now move to the next phase following a meeting Thursday at the air base to finalize the plans that have been developed.