YOUNGSTOWN -- Youngstown City Council on Wednesday will consider passage of an enterprise zone agreement that could lead to an $81.5 million expansion to Youngstown's growing pipe mill industry.
VAM USA LLC, sister company to French-based Vallourec Star, is considering the addition of an $81.5 million threading and finishing mill in a vacant building at 1053 Ohio Works Drive.
The company is asking for a 10-year, 75 percent abatement on real property taxes in exchange for the investment and creation of 84 new jobs in the first year.
The item appears as number 1 on council's legislative agenda for Wednesday's 5:30 p.m. meeting.
Vallourec Star operates a new $1 billion pipe mill near the Youngstown-Girard border. In 2011 the company had announced plans to add a threading and finishing mill near the plant which had been expected to add about 100 jobs. However, that mill has not been built.
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