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Youngstown Incubator to receive nearly $1.8 million to help economic development from job loss in coal industry

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The Ohio Department of Development and the Appalachian Regional Commission are announcing $8.2 million towards eight projects that support workforce and economic development for communities impacted by the loss of jobs related to the coal industry, including one here in the Valley.

The Youngstown Incubator is receiving $1.795 million to help manufacturers located in Ashtabula, Belmont, Columbiana, Jefferson, Mahoning, Monroe, and Trumbull counties for jobs within into the microchip, advanced energy, defense, and aerospace industries. 

The project — called the Rising Tides Initiative — will provide existing manufacturers in the seven-county area with comprehensive technology education, impactful pilot/demonstration programs, federal research support, and other targeted initiatives to help grow manufacturer competitiveness. 

According to the press release, the funding will support emerging companies within two regional technology incubators: Youngstown Business Incubator, focused on business software and advanced manufacturing technologies, and BRITE Innovation Center, supporting electric vehicle mobility, battery storage, and grid infrastructure. According to the Ohio Department of Development, the project is expected to help 90 businesses and up to 180 workers/trainees, potentially creating two new businesses and up to 20 new jobs and leveraging $9,050,000 in private investment.

The funding is part of the federal Partnerships for Opportunity and Workforce and Economic Revitalization Initiative to works to address?coal-related job loss throughout the Appalachian region.?

The Governor's Office of Appalachia, an Ohio Department of Development division, worked to identify projects that could qualify for funding.

"In Ohio, we are making significant investments into our Appalachian region, creating a better place to call home, attracting new businesses, and supporting sustainable economic growth," said Ohio Governor Mike DeWine, who serves as a member of the Appalachian Regional Commission. "This funding will support our work to help ensure all Ohioans have the opportunity to live up to their God-given potential."

According to the media release, the funding will be used to strengthen a variety of industries, such as advanced manufacturing, entrepreneurship, healthcare, and workforce development and will enhance job training and employment opportunities, create jobs, and

The projects that received funds include:


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