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

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

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