Thanks to the “stimulus plan” and rising demand from infrastructure work, a new steel rolling mill is opening in Youngstown, Ohio.
The new facility, which will be more than 1 million square-feet, will be built on top of what used to be a mining operation, said Dave Bozanich, Youngstown’s finance director.
“This facility is in the heart of the old steel corridor where a lot of people never thought they’d see this kind of investment again,” said Walt Good, vice president of economic development at the Younstown/Warren Regional Chamber of Commerce.
The site needed major work, which was done by the city thanks to a $20 million state grant, paid for through federal stimulus funds, he said.
V&M Star confirmed yesterday it will build a new, state-of-the-art rolling mill facility. The company cites increased demand for piping for natural gas exploration drove its decision to go forward with the expansion.
The state committed 20 million dollars in federal stimulus funds for road and rail upgrades.
This won’t just create jobs at the rolling mill. There is the ripple effect of a new factory opening:
The addition of a $650 million pipemaking facility will bring more work than the estimated 350 permanent jobs at V&M Star Steel plant, officials said.
Between 500 and 1,000 construction jobs will be available through the fourth quarter of the 2011 construction season. And spinoff jobs and money could see their way into the community at large.
. . . Jobs will range from laborers, carpenters, operation engineers, millwrights, pipefitters, electricians, cement masons and sheet metal workers.
. . . Girard schools Superintendent Joseph Jeswald said the project should provide the district a significant tax increase once complete.
. . . Brad Parker, a sales manager of Car Town Motors, 423 South St., hopes the trickle-down effect of the new construction and permanent jobs will be people going out to make major purchases.
“We need people who have jobs,” Parker said. “The more jobs there are, the more people will be willing to buy cars to get to and from work.”