Vallourec Star subsidiary could bring more jobs to Youngstown - 21 News Now, More Local News for Youngstown, Ohio -

Updated

Vallourec Star subsidiary could bring more jobs to Youngstown

Posted: Updated:

YOUNGSTOWN, Ohio - A major expansion is being considered in Youngstown, by a company affiliated with Vallourec Star.

It's a project that could bring 84 new full-time jobs to the Valley by early 2015.

VAM USA is a subsidiary of Vallourec Star, and the company will decide in the next 90 days whether to invest $81.5-Million in Youngstown, to construct a steel-pipe threading facility.

The new finishing mill would be located at the former Genmak Steel Building, and nearly 68,000 square feet on neighboring property on Ohio Works Drive in the city.

Youngstown Mayor John McNally is excited about the prospect.

"I certainly think the positive addition of 84-jobs, the payroll which is somewhere in the neighborhood of $3.5-Million, approximately $80,000 in income taxes that the city could receive annually. We're very happy if this comes to fruition here in the next few months," Mayor McNally said.

On Wednesday, Youngstown City Council will vote on whether to authorize an enterprise zone agreement. It would give VAM USA a 10-year, 75% real-estate tax abatement. Incentive for Vallourec and it's affiliated companies to continue to invest in Youngstown, and critical for the city's economic development.

"Maintaining our good relationships, maintaining employment, and hopefully gaining new employment, gaining new city tax dollars, and continuing to have great relationships with folks down on the 422 corridor," Mayor McNally said.

  • SpotlightSpotlightMore>>

  • Updated

    The Scrappers host “POPS at the Ballpark” featuring the Youngstown Symphony Orchestra

    The Scrappers host “POPS at the Ballpark” featuring the Youngstown Symphony Orchestra

    Tuesday, April 15 2014 2:04 PM EDT2014-04-15 18:04:57 GMT
    NILES, Ohio – The Mahoning Valley Scrappers and the Youngstown Symphony Orchestra are excited to host one of the Valley's premiere summer events, POPS at the Ballpark,More >>
    NILES, Ohio – The Mahoning Valley Scrappers and the Youngstown Symphony Orchestra are excited to host one of the Valley's premiere summer events, POPS at the Ballpark, presented by Stanley E. Shearer with Northwestern Mutual and 21 WFMJ on Saturday, August 23, 2014 at Eastwood Field.More >>
  • Around the WebMore>>

  • Boston Marathon organizers confident of safe race

    Boston Marathon organizers confident of safe race

    Police stepped up patrols near the Boston Marathon finish line after a masked man walked in the street with a rice cooker in his backpack only hours after the city marked the anniversary of last year's deadly...More >>
    The arrest of a man with a rice cooker in his backpack near the Boston Marathon finish line led police to step up patrols Wednesday, while organizers sought to assure the city and runners of a safe race next week.More >>
  • Low of 19 degrees in Toledo breaks 139-year record

    Low of 19 degrees in Toledo breaks 139-year record

    Wednesday, April 16 2014 6:34 PM EDT2014-04-16 22:34:39 GMT
    TOLEDO, Ohio (AP) - Winter temperatures are refusing to go away in northwestern Ohio. The thermometer dropped to 19 degrees in Toledo Wednesday morning, breaking a 139-year-old record for the same dateMore >>
    TOLEDO, Ohio (AP) - Winter temperatures are refusing to go away in northwestern Ohio. The thermometer dropped to 19 degrees in Toledo Wednesday morning, breaking a 139-year-old record for the same dateMore >>
  • Break-in suspect rescued from Ohio restaurant vent

    Break-in suspect rescued from Ohio restaurant vent

    Wednesday, April 16 2014 6:26 PM EDT2014-04-16 22:26:35 GMT
    MANSFIELD, Ohio (AP) - Police say an Ohio man suspected of breaking into a restaurant overnight became stuck in a ventilation duct, triggered a fire alarm and had to be rescued by emergency responders. TheMore >>
    MANSFIELD, Ohio (AP) - Police say an Ohio man suspected of breaking into a restaurant overnight became stuck in a ventilation duct, triggered a fire alarm and had to be rescued by emergency responders. TheMore >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms