I hadn't read all the details of the Incubator-related goings-on until this morning, so if you haven't read them either, here they are, courtesy the Business Journal (get a subscription, at $2.95/month, it's as cheap as they come; pay through PayPal):
The last obstacle to beginning construction of the Taft Technology Center has fallen with the U.S. Economic Development Administration signing off on its funding of $2 million toward the $4 million structure.
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The CIC board ratified its property committee's recommendation, made last week, to spend up to $75,000 on engineering consulting services to develop bid proposals (also known as RFPs or Requests for Proposals) to transform the southern side of West Federal Street from South Hazel Street to Vindicator Square into a high-tech mecca.
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Affected are the Armed Forces Building, the State Theatre, and the Semple and Wells buildings. The Armed Forces Building would be razed, as would all of the State except its façade. The Semple and Wells buildings would be rehabilitated.
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Turning Technologies should have access to 3,000 square feet of the first floor of the Semple Building within three weeks, reported Dave Kosec, development officer for the Regional Chamber. Kosec said workmen are sanding the floor, cleaning the walls and installing fluorescent lighting so Turning can use the area as warehouse space and free up a similar area for new tenants in the Youngstown Business Incubator.
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CIC finances remain healthy, Bruce Luntz, chief financial officer of the Regional Chamber reported. The chamber administers the CIC under contract. Eleven months into the CIC's fiscal 2007, the redevelopment agency shows a profit of $44,000, Luntz said, which should not fall below $40,000 by June 30. And the outlook for next year is even better because of the Taft Technology Center, he added.
Last, the CIC board agreed to allocate $4,000 so that students at the University of Michigan's urban design studio [sic]. The funds will be used to pay for their transportation here and for food and lodging while they assess what could be done with the section of the downtown from Central Square to North Hazel Street to Rayen Avenue to the DeYor Center.
They will spend three days here as part of their explorations of sections of Chicago and Ann Arbor, Mich., Hunter Morrison, executive director of the Center for Urban and Regional Studies at Youngstown State University.
They should offer a fresh perspective, Morrison said, and the city and the CIC are under no obligation to accept their recommendations. *
I'm very excited about these developments, as tech jobs are near to my heart. This is going to be key to downtown's revitalization and to Youngstown's future. These are jobs that can pay, raise the standard of living, and bring the creative class to live in downtown housing. And, as noted in the article, they provide funding to solve problems like that of the State Theater.
* In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.











