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Mahoning Valley Economic Development Corporation
Direct Phone: (330) ***-**** ext. **
4319 Belmont Avenue
Youngstown, Ohio 44505
The Mahoning Valley Economic Development Corporation is a partnership of public and private interests focused on the revitalization and diversification of the Mahoning Valley in Northeastern Ohio. Established in 1979, MVEDC is the principal private, NON-P... more
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"We never count the loans until they're closed and disbursed.
We're expecting that number to be much more in line with what it was last year," Conway says.
In 2013, MVEDC helped to provide $5.26 million in loans to 31 companies.
This year, most of the work has been with sectors MVEDC has worked with the past couple of years, Conway says.
"We're seeing growth in all areas that we've seen growth in the last two or three years, primarily manufacturing, commercial activity in the service as well as retail sectors.
And we're still seeing interest in the second- and third-tier suppliers to the shale activity," Conway says, in addition to development in logistics and transportation.
The only area that has receded is the use of MVEDC railroads to transport goods.
Such use is down 65% from last year,
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Regardless of any deal, Conway added that such uncertainty will likely remain for at least more days.
MVEDC is a partnership of public and private interests focused on the revitalization of the Mahoning Valley.
Conway said the shutdown has halted about six projects because funding through its U.S. Small Business Administration loan program was put on hold when the government closed its doors.
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