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Bonds to finance center



Published: Wed, October 4, 2006 @ 12:00 a.m.



WARREN -- The Trumbull County commissioners and Community Improvement Corporation of Warren and Trumbull County have OK'd economic development revenue bonds to finance construction of a 1.9 million electrical workers training center in Champion Township.

The 20,000-square-foot facility at 4550 Research Parkway is being built adjacent to Kent State University Trumbull Campus. It will train commercial and residential electricians in currently accepted industry standards and in emerging fields.

The facility will provide training for apprenticeships and continuing education for journeyman electricians.

"This new facility is intended to meet the challenges associated with today's, as well as tomorrow's, electrical industry," said Walter Good, CIC secretary. "Providing mechanisms, in this case project financing, that foster economic growth in Trumbull County is the cornerstone of the CIC's mission."

It's a partnership

The CIC of Warren and Trumbull County promotes the retention and creation of jobs. Its board of trustees is a public-private partnership that includes Michael O'Brien, Warren mayor; Thomas Humphries, president of the Regional Chamber; and other business, civic and government leaders.

Eric Davis, trainer for the Warren Electrical Joint Apprenticeship and Training Trust, said the revenue bonds will lower the interest rate the trust will pay on the loan by a couple percentage points and save the trust between 1,000 and 2,000 per month on interest compared with a conventional loan.




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