Another Youngstown company seeks tax abatement

YOUNGSTOWN — A commercial printing company is seeking a tax abatement from the city to relocate from near the Youngstown State University campus to a larger property on the South Side.

City Printing plans to invest about $1.5 million, said Joseph A. Valenti, its president, to improve the former J.L. White Moving & Storage Inc. property at 122 Oak Hill Ave.

City Printing purchased the Oak Hill property for $152,000 in October 2006. That property is about one-third of an acre and twice the size of its current location.

The purchase was in anticipation of an eventual move because the company needs more space than is available at its current location at 36 W. Wood St., Valenti said.

The time to move is now, he said.

“We’ve outgrown our facility,” Valenti said.

City council will consider legislation Wednesday to recommend a 75-percent, 10-year real property tax abatement for City Printing. The final decision on the abatement rests with the city’s board of control.

For the complete story, read Tuesday’s Vindicator or Vindy.com