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Valley economic development groups report nearly $450M in investments last year



Published: Tue, August 4, 2009 @ 2:55 p.m.

YOUNGSTOWN — Nearly $450 million was spent on economic development in the Mahoning Valley in 2008, the majority by General Motors Lordstown, creating 2,338 jobs and retaining another 4,195 jobs.

Despite 2008 being a down year for jobs and growth, $446.3 million was invested in economic development in the Valley, according to the 2008 Economic Development Report Card prepared by the Youngstown/Warren Regional Chamber.

GM spent some $350 million refurbishing and retooling its Lordstown complex in preparation for making the Chevrolet Cruze compact car.

The major new business attracted to the area is Republic Special Metals, which is spending $64 million on a new specialty steel manufacturing plant in North Jackson.

For the complete story, see Wednesday’s Vindicator and Vindy.com


Comments

1oldstown(198 comments)posted 4 years, 11 months ago

Too little too late.

Attention all residents of the Mahoning Valley: If you have the means and the mobility, get out and never look back!

Suggest removal:

2cambridge(2949 comments)posted 4 years, 11 months ago

What a sad story. This just the kind of thing that leads to prosperity. The horror.

Suggest removal:


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