Valley among Top Ten for development
WARREN – The Youngstown / Warren Metro area is listed among the top metro areas in the country for economic growth, according to Site Selection magazine.
The story released Monday indicates the local area is ranked eighth among areas with population of 200,000 to 1 million. The ranking comes due to 22 new and expanded economic development facilities last year. Youngstown-Warren tied with Lexington-Fayette, Ky. and Madison, Wis.
Leading the metros in that category was the Omaha-Council Bluffs, Nebraska-Iowa area with 46 projects.
“These results support the fact that there is a lot going on in the Mahoning Valley. There are new companies coming to town, our local firms are growing and jobs are being created. The economic development organizations in the Mahoning Valley come together and assist in making these projects happen,” said Sarah Boyarko, the Regional Chamber’s vice president for Economic Development, North America.
The Regional Chamber is the private sector economic development agency for the Mahoning Valley and provided the local data for the Site Selection report.
It’s the second time in five years the area was listed among Site Selection magazine’s Top Ten list for new and expanded economic development projects. Before the mid 2000s, Youngstown-Warren was generally in the bottom 10 in the country for economic development projects in the U.S., Boyarko said.
Site Selection, published by Conway Data Inc., is the senior publication in the corporate real estate and economic development fields. The magazine’s yearly analyses are regarded by corporate real estate analysts as “the industry scoreboard.” The magazine’s circulation base consists of 45,000 subscribers, most of whom are involved in corporate site selection decisions at the CEO/President/COO level.