The Youngstown Initiative Committee recently approved financial assistance for four enterprises while deferring a decision "regarding a fifth application from DNV Energy LLC, an offshoot of Youngstown Pipe and Supply Co.," The Business Journal reports. The company wants $100,000 from the city to "purchase equipment and machinery, and to cover computer networking costs" related to its $1.15 million expansion project, which is projected to "create 11 jobs over a three-year period, six full-time and five part-time positions." Complicating matters for the DNV Energy LLC incentive is the fact that "the building straddles land in Youngstown and Campbell." The company received a $100,000 grant to move into the building in 2008, and the cost of the incentive and the tax revenues were shared between Youngstown and Campbell, the article said. For more, read the full story.
Youngstown Initiative Committee defers $100,000 grant for DNV Energy pending discussions with the City of Campbell
