Three businesses looking to invest in Brookfield - 21 News Now, More Local News for Youngstown, Ohio -

Three businesses looking to invest in Brookfield

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BROOKFIELD TWP, Ohio -  Brookfield Trustees and business leaders are making their case to attract three businesses they know very little about, besides their interest in investing in the Mahoning Valley.

At a meeting Monday afternoon, Brookfield Trustees told leaders of several area economic development organizations they believe they can meet the needs of the three companies interested in expanding into either Mahoning or Trumbull Counties.

But trustees said they do not know exactly who all of these companies are and what they do.

"We keep that confidentiality because, quite frankly, if you don't, they'll walk and they'll just leave and go somewhere else," said Executive Director of the Western Reserve Port Authority, Rose Ann DeLeon.

Here is what officials could say about the companies:

DeLeon said one of the three prospect businesses is a Canadian-based company working in the industrial field. The company is looking to invest between $70 and 100 million in infrastructure and would create about 70 jobs within the first three years of operation.

The second prospect business is a U.S. company currently assembling electronics in China. It is not clear how much the company would invest in the area, but DeLeon said they are estimated to create several hundred jobs if they choose the Valley as their home.

The third prospect company is Shamrock Airways. The business had expressed interested in creating an international air cargo distribution hub at the Youngstown-Warren Regional Airport, but the Director of Aviation with the Western Reserve Port Authority Daniel Dickten said he has not heard back from the company and when he contacted the International Air Cargo Association, they said they had never heard of the company.

Overall, the three companies are just a few opportunities the Youngstown Regional Chamber said they are working to land for the Valley. That's why meetings like the one held between Brookfield Trustees and area economic developers are crucial to winning over the businesses

"It's very important for us to know all of the resources in the area," said Sarah Boyarko with the Youngstown/Warren Regional Chamber. "We need to know the tax structure in each community. We need to know the available land and buildings in each community. We need to know whether the schools are excellent and effective. We need to know all the recourses in every community to make sure we can market that organization appropriately."

Boyarko said when companies come to the Chamber they have a very specific list of needs and the more information the Chamber has on each township or organization, the more accurately they can match the companies to areas that meet their needs.

Boyarko said the Chamber has had 23 leads to business opportunities so far this year, 21 of which have toured a property or community in the Valley. Boyarko said if the Valley were to land all 23 companies, it would mean a total of $750 million in investments and more than 1200 jobs.

 

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