Vallourec Star subsidiary could bring more jobs to Youngstown - WFMJ.com News weather sports for Youngstown-Warren 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.

  • More NewsMore>>

  • Warren man involved in deadly biker gang fight pleads guilty

    Warren man involved in deadly biker gang fight pleads guilty

    Tuesday, June 20 2017 3:49 PM EDT2017-06-20 19:49:51 GMT

    James Gardner pleaded guilty to involuntary manslaughter and felonious assault, both with gun charges, obstruction of justice and falsification in court on June 20. 

    More >>

    James Gardner pleaded guilty to involuntary manslaughter and felonious assault, both with gun charges, obstruction of justice and falsification in court on June 20. 

    More >>
  • Cortland to add tax to maintain roads

    Cortland to add tax to maintain roads

    Tuesday, June 20 2017 3:47 PM EDT2017-06-20 19:47:05 GMT

    Cortland city council passed an ordinance on June 19 that will add a $5 tax to license plates. 

    More >>

    Cortland city council passed an ordinance on June 19 that will add a $5 tax to license plates. 

    More >>
  • Mercer County man charged with terroristic threats, strangulation

    Mercer County man charged with terroristic threats, strangulation

    Wednesday, June 21 2017 1:08 PM EDT2017-06-21 17:08:11 GMT

    A Mercer County man is facing charges after allegedly strangling a woman on June 12 in Fairview Twp. 

    More >>

    A Mercer County man is facing charges after allegedly strangling a woman on June 12 in Fairview Twp. 

    More >>
  • Sports ScoresMore>>

  • Scrappers beat Auburn in extra innings

    Scrappers beat Auburn in extra innings

    Friday, June 23 2017 12:04 AM EDT2017-06-23 04:04:07 GMT

    The Scrappers won for the first time at Eastwood Field this season 5-4 in 10 innings against Auburn.  Jonathan Laureno's walk off RBI double scored Oscar Gonzalez to send everyone home happy.   Auburn jumped out to a 2-0 lead in the first inning, with the first four batters reaching base. Paul Panaccione and Randy Encarnacion drove in the Doubledays runs. The Scrappers evened the scored in the bottom of the inning, Samad Taylor scored on a wild pitch, and Will Benso...

    More >>

    The Scrappers won for the first time at Eastwood Field this season 5-4 in 10 innings against Auburn.  Jonathan Laureno's walk off RBI double scored Oscar Gonzalez to send everyone home happy.   Auburn jumped out to a 2-0 lead in the first inning, with the first four batters reaching base. Paul Panaccione and Randy Encarnacion drove in the Doubledays runs. The Scrappers evened the scored in the bottom of the inning, Samad Taylor scored on a wild pitch, and Will Benso...

    More >>
  • Moldovan defends title at Mill Creek

    Moldovan defends title at Mill Creek

    Thursday, June 22 2017 11:47 PM EDT2017-06-23 03:47:54 GMT
    Maxwell Moldovan of Uniontown, Ohio defended his title at the Mill Creek Foundation Junior All Star tournament conducted by the American Junior Golf Association. Moldovan shot a 68 for a three day total of 203, finishing three strokes ahead of Aaron Du of Lake Mary, Florida. Taylor Kehoe of Strathroy, Ontario captured the girls division at 205, after shooting 67 on the final day.   Manhue Chen of China placed second, six strokes back. Brookfield's Connor Stevens finished tied...More >>
    Maxwell Moldovan of Uniontown, Ohio defended his title at the Mill Creek Foundation Junior All Star tournament conducted by the American Junior Golf Association. Moldovan shot a 68 for a three day total of 203, finishing three strokes ahead of Aaron Du of Lake Mary, Florida. Taylor Kehoe of Strathroy, Ontario captured the girls division at 205, after shooting 67 on the final day.   Manhue Chen of China placed second, six strokes back. Brookfield's Connor Stevens finished tied...More >>
  • Late rally not enough as Scrappers drop home opener

    Late rally not enough as Scrappers drop home opener

    Thursday, June 22 2017 11:39 PM EDT2017-06-23 03:39:50 GMT

    For the second straight night, the Mahoning Valley Scrappers jumped out to a second-inning lead.  

    More >>

    For the second straight night, the Mahoning Valley Scrappers jumped out to a second-inning lead.  

    More >>
Powered by Frankly
All content © Copyright 2000 - 2017 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms