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The city board gives $173,150 to two businesses



Published: Fri, September 27, 2013 @ 12:00 a.m.

By David Skolnick

skolnick@vindy.com

YOUNGSTOWN

The city board of control approved $173,150 in grant money to assist two businesses — $100,000 to a software company at the downtown business incubator and $73,150 to a proposed high school for students with autism at the former Anthem building on Market Street.

The board OK’d the requests Thursday; they were made by the Youngstown Initiative Program committee.

The Learning Egg LLC at the Youngstown Business Incubator, 241 W. Federal St., is receiving $100,000 toward its $514,750 expansion plan.

The school-test-scoring software company is spending most of the money for software upgrades with small amounts for marketing, said Tom DeAngelo, the city’s economic development coordinator.

The company has four full-time workers and four part-timers. It plans to add 32 full-time employees over the next three years, DeAngelo said.

Also, Potential Development Program is remodeling the former Anthem Building at 2405 Market St. to create a high school for students with autism.

The city board agreed to give $73,150 toward the business’s $365,750 project.

The money is going toward reconstruction work, DeAngelo said.

Potential Development has 52 full-time workers and two part-timers at its two preschools and a kindergarten-8 school for children with autism.

The high school plans to add 30 full-time jobs over its first three years.


Comments

1ytownsteelman(628 comments)posted 11 months, 3 weeks ago

Where is this money coming from? Shouldn't public money be used for public projects such as fixing our woefully undermaintained roads instead of giving it to a company with 8 employees? This is crony capitalism local style!

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2lovethiscity(147 comments)posted 11 months, 3 weeks ago

ytownsteelman...Learning Egg has a very real and a very credible potential to create hundreds of jobs. Just like Turning Technologies did, who now returns about $500,000 a year in City income taxes. And that number will not only continue year to year, but grow every year. I like the ROI.

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