CPED - Economic Development Division

Visit Youngstown's All-in-One Economic Development Platform (see link below) for more information about this program.

Funds will be used to help boost the economic impact of Small Businesses in the City of Youngstown. Those businesses that are eligible for funding will also be required to go through a technical assistance program to build capacity and ensure future success.

Visit Youngstown's All-in-One Economic Development Platform (see link below) for more information about this program.

The City of Youngstown is an Opportunity Zone Community, with 7 designated Census Tracts that qualify for both Federal and State tax credits. The Opportunity Zone program enables investors with capital gains tax liabilities to receive favorable tax treatment for investing in Opportunity Funds certified by the U.S. Treasury. Opportunity Funds provide investors with tax deferral options and potentially permanent exclusion from the taxable income of capital gains.

Reasons to Invest in Youngstown

Real estate is well below the national average, among metropolitan areas, with competitive wage rates and lower tax rates, allowing the Live, Learn, Work and Play experience. Experience quality of life, less stress, a lower cost of living, a short commute time, and lower cost of operations like water, electricity, and gas. The market for office space is well below the national average and you can take advantage of competitive wage rates.

Return on your Investment

Opportunity Zones present tremendous investment opportunities for real estate developers and manufacturers to benefit from significant capital gains savings and structuring a real estate deal that works for you.

Businesses located in specified areas within the City of Youngstown qualify to participate in the HUBZone Empowerment Contracting Program and benefit from enhanced opportunities to contract with the federal government and provide goods or services.

Visit Youngstown's All-in-One Economic Development Platform (see link below) for more information about this program.

Visit Youngstown's All-in-One Economic Development Platform (see link below) for more information about this program.

The City of Youngstown and the Office of Community Planning & Economic Development are actively developing Business/Industrial Parks in our region with extremely competitive incentives that include the following:

• Fully improved property for $10 that can be used as equity in your project.
• Future expansion space available.
• 10-year, 75% real and personal property tax abatement.
• All utilities brought to the project.
• Excellent freeway/interstate access.
• Environmental warranties, if needed.
• Float Loans available for up to $2million at 1/4% for 18 months.