Sen. Brown Announces New Resources to Support Youngstown Business Incubator

Project Will Leverage $500,000 in Private Investment to Purchase Additive Manufacturing and Post-Processing Equipment; Equipment will be Available for Youngstown State University Students and Technology Firms in the Mahoning Valley; Purchase is Expected to Create Nine New Jobs

WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) today announced that the Appalachian Regional Commission (ARC) has awarded $175,000 to the Youngstown Business Incubator (YBI) to purchase additive manufacturing and post-processing equipment. The equipment will be available to client technology firms and students at Youngstown State University (YSU). The purchase is expected to create nine jobs.

 

“This federal investment will help Youngstown continue growing as a national leader in manufacturing innovation,” Brown said. “Manufacturing businesses in the region will be able to leverage their resources to help bring new jobs and investments.”

 

The grant will help YBI better serve client firms operating in the advanced manufacturing sector while helping train and educate students at YSU. The ARC funding, in addition to a $3 million dollar award from the Economic Development Administration in September of 2014, will go towards purchasing additive manufacturing and post-processing equipment for YBI’s newly renovated business incubation structure.

 

 

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