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2016-04-17T00:00:00.000Z

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Mr. Michael R. Conway

Direct Phone: (330) ***-**** ext. **       

Email: m***@***.com

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Mahoning Valley Economic Development Corporation

4319 Belmont Avenue

Youngstown, Ohio 44505

United States

Company Description

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 a principal private, NON-P ... more

Find other employees at this company (14)

Background Information

Employment History

Executive Director

Adirondack Economic Development Corporation

Affiliations

Board Member
The Research Foundation of State University of New York

Education

master's degree

public administration

Web References (21 Total References)


Farris Develops GrowBIZFund.com - Farris Marketing

www.farrismarketing.com [cached]

said Mike Conway, Executive Director of MVEDC "They did an outstanding job for us."


Mike Conway, executive ...

oogeep.org [cached]

Mike Conway, executive director of MVEDC, says while the first-half numbers are lower than first-half 2013 numbers, he still expects to finish the year on pace with 2013.

"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, he says, but most of that loss came from one company MVEDC serves that cut back on rail shipments.
If it goes through, the biggest loan MVEDC will make this year is $2 million to help fund construction of a hotel.
Because it's so early, Conway explains, he can't provide specifics other than it "is in the area," is associated with a chain and will cost $8 million to build.
"If you look at our overall lending activity for the past 16 months, loans have averaged a little over $100,000 per project," he says.


Farris Develops GrowBIZFund.com - Farris Marketing

www.farrismarketing.com [cached]

said Mike Conway, Executive Director of MVEDC "They did an outstanding job for us."


Congress forges another last-minute deal to avert default | Alliance Solutions Group

www.alliancesolutionsgrp.com [cached]

"From our perspective, what we're seeing from businesses that want to spend and raise capital is the uncertainty of the long-term economy," said Michael Conway, executive director of the Mahoning Valley Economic Development Corp. "They are delaying certain projects until they get some certainty that there's going to be more than just a short-term fix."

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.
He said all types of businesses across a variety of industries have expressed a reluctance and uncertainty over the politicking in Washington.
"I can't say any one industry has been impacted more adversely than another," he said.


Youngstown/Warren Regional Chamber | Economic Development | Shovel Ready Commercial and Industrial Sites | Property Details

regionalchamber.com [cached]

Michael Conway - Executive Director Mahoning Valley Economic Development Corporation 4319 Belmont Avenue Youngstown, OH 44505 Youngstown - 330-759-3668 ext 20Warren - 330-369-6026 fax - 330-759-3686

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