Trumbull County Commissioners Approve Abatement For Potential Expansion at Ohio Star Forge
Targeted News Service (Press Releases)
YOUNGSTOWN, Ohio, Aug. 17 -- The Youngstown Warren Regional Chamber issued the following news release:
Trumbull County Commissioners today granted a 10-year, 60 percent property tax abatement to Ohio Star Forge, which is looking to expand its existing facility in Champion Township.
The expansion at the company, located at 4000 Mahoning Avenue, would include additional square footage and the purchase of new machinery and equipment.
Champion Township Trustees unanimously approved Ohio Star Forge's application for an Enterprise Zone Tax Abatement, which is administered by the Trumbull County Planning Commission, Monday evening.
The potential project will comprise $4.8 million of investment and the creation of seven new jobs, as well as the retention of 117 jobs at the site.
"Today's approval, as well as Monday's, is a step closer to what we hope is a future announcement to move forward. We're still in the process of exploring additional assistance, based on the company's needs, that will support making this investment in Trumbull County. We're hopeful that everything will come together," said Genna Petrolla, manager of Business Development in Trumbull County for the Regional Chamber.
Sen. Menendez, Rep. Pallone Visit Union Beach to Push Sweeping Flood Insurance Reforms to Fix Problems Exposed by Sandy
Two Men Plead Guilty in $25 Million Healthcare Fraud Conspiracy Targeting New Jersey Health Benefits Programs
Advisor News
- House panel advances CLEAR Forms Act backed by IRI
- Modifying life insurance based on evolving needs
- Gen X faces ‘pension envy’ as they head into retirement
- Your client wants to cash out an annuity. Here’s what to consider
- How student loan debt impacts 401(k) balances
More Advisor NewsAnnuity News
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
- AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
- OID recovers $260M in life insurance benefits
- NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
- SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
More Annuity NewsHealth/Employee Benefits News
Life Insurance News