Youngstown Foundation contributes $25,000 to incubator

The Youngstown Foundation recently contributed $25,000 to the Youngstown Business Incubator for the INSPIRE! project. INSPIRE! is a new program of YBI that will offer flexible development suites and access to entrepreneurial resources for information technology start-ups that are in the very early stages of formation.

“YBI is appreciative of this substantial investment as it affirms the mission of YBI to assist technology-based entrepreneurs establish and accelerate their scalable, proprietary information technology applications,” said Julie Michael Smith, chief development officer of YBI.

“YBI will be using this investment to create INSPIRE! – a resource for technology entrepreneurs that are in the very early stages of developing and implementing new information technology solutions.”

“The Youngstown Business Incubator has become one of the Valley’s most valuable assets for economic development with an impressive roster of innovative start-up business tenants producing well-paying jobs and attracting talent to the downtown area”, states Janice E, Strasfeld, executive director of The Youngstown Foundation. “The Youngstown Foundation is proud to continue supporting YBI’s vital work through this grant to renovate the facility in preparation for its next entrepreneurial success story.”