Home Savings Foundation Gives $10K to Regional Chamber
YOUNGSTOWN, Ohio -- The Home Savings Charitable Foundation presented a check for $10,000 Monday to the Youngstown/Warren Regional Chamber to support its efforts in attracting and retaining business in the Mahoning Valley.
The president and CEO of the Home Savings and Loan Co., Patrick W. Bevack, and director of the Home Savings Charitable Foundation, Pamela Berry, presented the oversized check to Tom Humphries, president and CEO of the regional chamber, and Sarah Boyarko, its vice president for economic development North America.
Said Bevack, “The chamber does such a tremendous job in attracting and recruiting new businesses to the Valley -- and a great job in retaining the businesses we have here.”
Humphries responded by expressing his gratitude to Home Savings for its support. The $10,000 will be used to support Boyarko’s division as it calls on businesses throughout the Valley to identify their needs and recruit businesses from outside the Valley to expand or relocate here.
Boyarko noted that she and her colleagues tend to focus on industrial, manufacturing and warehousing jobs that tend to pay more.
In 2013, says the chamber’s economic development quarterly newsletter, the efforts of Boyarko and her colleagues led to investments of more than $500 million and the use of 326,304 square feet of industrial space. They were also responsible for just under 400 new jobs with a payroll of $12.89 million and the retention of 762 jobs with an annual payroll of nearly $39 million.
Pending projects total $623.44 million with a potential of 610 new jobs carrying an annual payroll of $21.13 million. Also pending are 1,939 jobs to be retained, according to the chamber.
The regional chamber budgets some $450,000 a year to economic development, Humphries says.
Copyright 2014 by The Business Journal, Youngstown, Ohio.
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