Youngstown Business Incubator on tap to receive fed funding for expansion

YOUNGSTOWN — The Youngstown Business Incubator is set to receive $700,000 in federal funds to grow its downtown technology campus.

The funds are included in the 2011 Transportation Appropriations Bill, which was approved today by three subcommittees of the U.S. House Appropriations Committee.

The bill, however, must still pass the full appropriations committee, the full House and Senate, and be signed by President Barack Obama before it becomes effective.

The incubator will use the funds to renovate an 8,000-square-foot Boardman Street building that connects to the original incubator building on Federal Street, said chief executive Jim Cossler.

The building will be used to accommodate the projected growth of BizVeo, a portfolio company that provides video-networking solutions, Cossler said.

For the complete story, see Saturday's Vindicator and Vindy.com