Columbus, Ohio, September 13, 2022 /PRNewswire/ — Ohio Governor Mike DeWine and JobsOhio, the state’s private, nonprofit economic development corporation, today announced a $475,000 grant for the Youngstown business incubator to attract new businesses and support economic development. The grant was awarded through the JobsOhio Vibrant Communities Grant program, which revitalizes downtown areas and main streets through targeted investments in struggling small and medium-sized towns across Ohio.
In addition to the Dynamism Grant, the Youngstown Business Incubator received a US EDA Public Works grant to $1.9 millionbringing the total of the project to nearly $2.4 million. The Youngstown Business Incubator will add additional office, manufacturing and research space to attract growing businesses to the 65,000 square foot facility. The next phase of the project will involve the complete overhaul and modernization of 18,000 square feet spread over three floors. This will include interior and exterior renovation, which will include the construction of offices, a conference room, a clean room and an outdoor mezzanine to fuel collaboration and innovation.
Part of the space will be built for Youngstownbased on JuggerBot 3D to further increase its production capacity and add additional staff. As a leading manufacturer of large format 3D printers, JuggerBot’s continued expansion is key to creating new additive manufacturing jobs in the Mahoning Valley. The remaining space will be available for businesses to rent.
Construction coincides with JobsOhio $450,000 grant for the acquisition by the Youngstown Business Incubator of the XJet Carmel 1400. The first of its kind in United States, the XJet Carmel 1400 uses NanoParticle Jetting technology to 3D print virtually anything ceramic. The industry-leading printer enables high-quality manufacturing without compromising on material or design.
Additionally, Steelite International, a global manufacturer and supplier of award-winning tabletop and buffet solutions for the hospitality industry, will relocate its headquarters to Youngstown. The company, which had previously announced its move from Pennsylvania in June 2022will occupy 45,000 square feet at the Taft Technology Center and Semple Building downtown Youngstown.
“This is a historic moment for Youngstown,” said Ohio Governor Mike DeWine. “The Youngstown Business Incubator is a catalyst that can attract more advanced manufacturing to Ohioand we look forward to partnering with Steelite International as they continue to grow and grow here.”
“The Mahoning Valley has a rich history of manufacturing, and the YBI is an important part of the infrastructure advancing extraordinary technology that will change the way Youngstown will manufacture essential products for the world,” said JP Nauseef, President and CEO of JobsOhio. additive manufacturing that will increase manufacturing efficiency, positively impact lives, attract new businesses to the region and create well-paying jobs. »
Previously, in August 2021JobsOhio announced that the cities of Van Wert, Sandusky, Coshocton and Painesville would receive more $4 million to fuel economic development. JobsOhio also provided a $1.5 million Dynamic Community Grant to the City of Oxford to help fund a $10.4 million development project with University of Miami. And in April 2022JobsOhio received a $1.2 million grant to the central district to help with the redevelopment of downtown Lima.
About Jobs Ohio:
JobsOhio is a private, not-for-profit economic development corporation designed to stimulate job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also strives to seed talent generation in its targeted industries and attract talent to Ohio through Find your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Southeast Ohio Economic Development, A Christopher Columbus, REDI Cincinnati, Regional Growth Partnership and The Neo Team. Learn more about www.jobsohio.com. follow us on LinkedIn, Twitter and Facebook.