YOUNGSTOWN / WARREN'S ECONOMY

YOUNGSTOWN / WARREN'S ECONOMY

The economy of Youngstown, Ohio flourished in the 19th and early 20th centuries, with steel production reaching record highs at that time. The steel boom led to an influx of immigrants looking for work, as well as construction of skyscrapers in the area. The city's population peaked at 170,002 in 1930, at the onset of the Great Depression. World War II also brought great demand for steel. After World War II, demand for steel dropped off dramatically, and the industrial base of Youngstown began to see a decline.


Through the foresight and leadership of the elders of Youngstown, OH, the city is well on its way to remaking itself. Many years ago, Youngstown abandoned the idea of trying to return to its past glory during the height of the steel industry. Today, through great vision, Youngstown is converting itself into a city with schools focused on the needs of its students, a business community that is working hard to support the growth in the Healthcare industry as well as promote its abundance of natural resources and unique history. In fact, in a report released by Sterling’s Best Places, Youngstown’s future job growth over the next 10 years is projected to grow at a rate of 32 percent, a testament to the rebirth and renaissance that this old steel city is going through.


Businesses looking to relocate are again considering Youngstown. With its below average cost of living, including cost of housing, an abundant workforce with immediate access to many sources of training through private and public institutions, and an easily accessible infrastructure, Youngstown continues to draw interest from relocating companies as well as new families moving into the area.

 



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