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Youngstown City Council approves tax abatement for Youngstown Tool & Die expansion
Youngstown City Council has approved a tax abatement for multi-million dollar expansion at Youngstown Tool & Die.
Tuesday, July 31st 2018, 11:09 PM EDT
Updated:
Youngstown City Council has approved a tax abatement for a multi-million dollar expansion at Youngstown Tool & Die.
On Tuesday, the 10 year, 75 percent tax abatement was passed.
The company's $13 million expansion will create 57 new jobs within three years and retain 43 jobs.
The payroll is expected to increase from $2.5 million a year to $4 million a year.
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