Two businesses in the Mahoning Valley are set to expand their operations, thanks to a substantial boost from the Ohio Department of Development.
The state recently announced the release of over $3 million aimed at stimulating small business growth, with two local companies among the five beneficiaries.
Premium Meats Inc., alongside the Michael G. Kassos Living Trust, received $700,000 to expand its footprint in Warren.
The funds will go toward constructing a 6,000-square-foot addition to their facility on High Street.
This $3.5 million project will bolster the production of their signature beef patties, pork patties, and cooked sausages, while also creating three new full-time positions and securing 31 existing jobs.
In Canfield, 61 Railroad is set to receive $87,000 to assist in acquiring a 13,394-square-foot building on Railroad Street.
This property will be leased to Converse All Steel Services Inc., a company specializing in custom steel burnouts for structural construction projects.
The $870,000 investment is expected to generate two new full-time-equivalent jobs and preserve 14 current positions.
A major part of our mission at Development is helping Ohioans make their business dreams become a reality.
“The choice to establish or move a business here to Ohio is a commitment to growth and success in a state that not only values entrepreneurship and business success but will stand by you every step of the way,” said Lydia Mihalik, director of the Department of Development.
These investments symbolize more than just brick and mortar—they’re a testament to Ohio’s commitment to nurturing homegrown talent and ensuring that local businesses not only survive but thrive.
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