M7 Technologies president mentions bringing business park to You - 21 News Now, More Local News for Youngstown, Ohio -

M7 Technologies president mentions bringing business park to Youngstown

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WASHINGTON, D.C. -

Plans are in the works for what's being called a "21st Century Business Park" that could bring jobs and money to the Valley.

The president and CEO of M7 Technologies said they are in the process of designing and building the park that will co-locate value chain suppliers of 3-D printing.

Mike Garvey talked about it during a panel discussion at the Brookings Institute in Washington D.C.

"We will be building this park in Youngstown with about 15 innovation centers, populated primarily by Fortune 500 companies that each center will have 100 employees. And, when you do the math and think about just the payroll taxes that will result in this development, there's about a six to one payback in one year of the federal investment that went in to establishing this center, that is now attracting private investment," said Garvey.

The director of the National Additive Manufacturing Innovation Institute was also on the panel.

The park would compliment the "America Makes" hub in downtown Youngstown.

Mahoning County Commissioner Anthony Trafficanti told 21 News there will be a presentation about the park at an upcoming meeting.

Garvey could not be reached for comment about the possibility of the business park.

You can view the panel discussions here.

 

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