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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(627 comments)posted 11 months 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(146 comments)posted 11 months 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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