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Youngstown council OKs tax deal
YOUNGSTOWN
City council gave the go-ahead to a tax abatement to a metalworking-machinery company to move its Hubbard office to Youngstown.
Council approved legislation Wednesday for Taylor- Winfield Technologies to receive the 10-year, 75-percent real-property tax abatement for a new $2 million facility.
The tax abatement next goes to the board of control for consideration.
Taylor-Winfield rents space in Hubbard for its administrative and engineering office.
The company’s manufacturing location is in Youngstown’s Salt Springs Industrial Park.
The company is buying that location and then plans to build a 16,500-square-foot facility next to it for its administrative and engineering operations.
The move likely will occur at the end of the year.
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.
Taylor-Winfield, among seven companies in the Brilex Industries Inc. group, has 38 full-time workers at its Salt Springs facility.
Council also approved legislation Wednesday allowing the city’s econ-omic-development office to apply for a $500,000 state grant for V&M Star.
The company is investing $3 million to turn the former RAS Manufacturing building, in the city’s Salt Springs Industrial Park, into a roll shop.
The shop is part of V&M’s $650 million expansion project.
The state is “receptive” to providing that funding for V&M, said T. Sharon Woodberry, the city’s economic- development director.
The 96,000-square-foot building has been vacant for about four years.
Meanwhile, city council members and school district officials discussed at a Wednesday council education committee meeting the possibility of installing traffic cameras in school zones.
The proposal has been discussed for three years.
City officials say they plan to seek proposals for the cameras in the coming months.
Connie Hathorn, Youngstown school superintendent, said he supports traffic cameras in school zones for safety.