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Taylor-Winfield to relocate offices
YOUNGSTOWN
Taylor-Winfield Technologies plans to relocate its administrative and engineering office in Hubbard and the 34 employees there to a 16,500-square-foot facility it will build at its Youngstown manufacturing location.
Youngstown City Council will consider legislation Wednesday authorizing the board of control to give the company a 10-year, 75-percent real-property tax abatement for the new $2 million facility.
Taylor-Winfield, a metalworking-machinery company, is located at 3200 Innovation Place in Youngstown’s Salt Springs Industrial Park. The company will buy that location in a couple of months, said Alex Benyo, Taylor- Winfield’s president.
The company rents space at 1610 Thomas Road in Hubbard, Benyo said. The move likely would be complete at the end of the year.
“By bringing the engineering resources and manufacturing resources together, we’re creating synergy,” Benyo said. “Youngstown is a great place to do business. We’re committed to Youngstown and to expand in the city.”
The company would save $383,250 in real-property taxes and pay $127,750 over the 10 years if the tax abatement is approved.
Also, the company estimates its 34 employees — 31 full-time and three part-timers — being moved from Hubbard to Youngstown would generate $61,875 annually to Youngstown in income tax. Youngstown taxes workers at 2.75 percent of their income.
Taylor-Winfield, among seven companies in the Brilex Industries Inc. group, has 38 full-time workers at its Salt Springs facility.
“The consolidation makes the company strong as they’re placing their roots at [the Youngstown] site,” said T. Sharon Woodberry, the city’s economic development director. “That could lead to the company making a further investment.”
Also Wednesday, council will consider an ordinance allowing the economic development office to apply for a $500,000 grant for V&M Star’s planned roll shop, also in the city’s Salt Springs Industrial Park.
V&M Star has a lease with an option to buy the former RAS Manufacturing building and plans to invest about $3 million to turn it into a roll shop as part of the company’s ongoing $650 million expansion project.
If approved by council, the economic development office would seek a grant from the state’s Job Ready Sites program with the money used to help offset V&M’s $726,604 expense of clearing the site; building a road and a storm-sewer- detention system; installing fences, lights and other aesthetic improvements; and professional service fees related to the work.
The 96,000-square-foot building has been vacant for about four years, Woodberry said.