Foreign companies mull moves to Valley
VIENNA – Three unrelated companies with ties overseas are considering a move to the Mahoning Valley, Western Reserve Port Authority Economic Development Director Rose Ann DeLeon said Wednesday.
Refusing to identify the companies because they have asked to remain anonymous, DeLeon said a foreign industrial company is looking to invest $100 million for a facility and equipment in a Trumbull County location. If the plan comes to fruition, the company would expect to hire about 100 employees initially.
Cautioning that the proposal is very preliminary, DeLeon said the company originally had been looking closely at a site in Mahoning County, but when that plan fell through, developers moved their search northward. They now are concentrating on three potential sites, all of which are in Trumbull County she said.
“I think we are pretty optimistic because a number of the companies that they supply are in Ohio,” she said.
Another unrelated assembly operation company currently operating in China is considering a return to the United States, DeLeon said.
“This company wants to lease a building, and they are certainly looking for incentives,” she said.
DeLeon said JobsOhio, the governor’s economic development arm, is assisting in this project.
“Those are the kind of projects that make national media,” she said. “We are all trying really hard to see if we can make this happen.”
While she said the employment numbers would be significant, she acknowledged the positions would not be particularly high paying.
The company is considering Trumbull County specifically, she said, because the company’s principal has ties to Warren and Trumbull County and has a desire to return.
A third unrelated foreign manufacturing company also has identified a site, this one in Mahoning County, and is asking for help with programs and incentives, she said.
None of the three companies are gas or oil related, DeLeon said, which is good because it could bring diversity to the region, she said.