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Metropolitan Profile Metropolitan Profile Youngstown & Warren, Ohio Youngstown/Warren Regional Chamber A GREAT LOCATION…. A great location and a logical center for your business. Youngstown-Warren Ohio is the only metro area centered between Chicago and New York, providing easy overnight ground access to both. Youngstown is also equally located between two major cities, Cleveland and Pittsburgh. With a great infrastructure and the ability to easily move products through the area, Youngstown/Warren metro area is the ideal place to locate your company. It is strategically located within 500 miles of: 60% of the U.S. effective buying income. 40% of the Canadian population. 55% of all U.S. manufacturing. 10 of the top 25 U.S. metro markets. 50% of the U.S. population. It is within 75 miles of CLEVELAND, PITTSBURGH, 41% of all U.S. Households AKRON, CANTON, ERIE and..... 55% of all manufacturing facilities 6.3 million people 58% of the top 500 U.S. industrial headquarters 8,700 manufacturing plants 56% of the top 500 U.S. service corporate 9,100 wholesale/distribution centers 15 Fortune 500 company world headquarters 2 international airports – that move 177 million tons of cargo per year 3 regional airports Lake Erie shipping Ohio River ports 95 college and university campus locations the center of the Cleveland-Youngstown- Pittsburgh TechBelt The Youngstown-Warren-Boardman, OH-PA Metropolitan Statistical Area (MSA) is com- prised of Trumbull and Mahoning Counties in Ohio and Mercer County in Pennsylvania. The area includes the cities of Warren, Youngstown and Sharon. Columbiana County is just south of the region and is included in the Youngstown-Warren-East Liverpool, OH-PA Combined Statistical Area (CSA), as designated by the U.S. Census. TABLE OF CONTENTS…. Why Choose Youngstown ........................................ 2 Environment ............................................................ 17 Quick Facts ................................................................ 2 Education: Colleges & Universities ......................... 18 Location: Infrastructure ........................................... 3 Education: Workforce Development ..................... 21 Population: Demographics .......................................6 Education: P-16 ........................................................ 22 Economy: Jobs .......................................................... 7 TechBelt Region ..................................................... 23 Economy: Labor Force ..............................................8 Quality of Life: Cost of Living ................................. 24 Economy: Largest Employers ................................... 9 Quality of Life: Local Highlights ............................. 25 Economy: Investment............................................. 10 Quality of Life: Regional Highlights ........................27 Industries: Clusters .................................................. 11 Quality of Life: Area Health Care .......................... 28 Technology .............................................................. 13 Quality of Life: Regional Health Care .................... 29 Gateway to Marcellus Shale ................................... 14 Business Taxes........................................................ 30 Real Estate .............................................................. 15 Business Incentives ................................................. 31 The Youngstown/Warren Regional Chamber is Mahoning Valley’s source for economic development information and assistance. The Regional Chamber's Economic Development Division provides a broad range of economic development services to prospective and existing area firms. We help companies grow by furnishing facts and assistance that is tailored to fit individual business needs, including information on: Available Land and Buildings Low Interest Financing International Trade Opportunities Tax Credits and Abatements Training Grants and Infrastructure Funding …and much more… Our team works in partnership with you in order to maximize your company's success. We have helped more than 500 firms make new investments totaling $5.5 billion. Our experience can help turn your vision into reality. Youngstown/Warren Regional Chamber www.regionalchamber.com 11 Central Square, Suite 1600 [email protected] 330.744.2131 phone 330.746.0330 fax Why Choose Youngstown-Warren, Ohio? It’s The Best Place To Be… That is what Entrepreneur and Site Selection magazines say about the area as they ranked it one of the best locations to position a business! Center of the TechBelt… Youngstown-Warren sits midway between Cleveland and Pittsburgh in the Northeast Ohio-Western Pennsylvania TechBelt. This area is success- fully transitioning to a technology and knowledge-based economy by leveraging its industrial and academic strengths. We Are Not Rusty Anymore… Quick Facts Since 2010, the Regional Chamber has assisted 150 businesses in invest- ing $4.1 billion here, creating 6,100 new jobs - proving this is the place to MSA Region: be in today’s global economy. We are a center for advanced manufactur- ing, distribution and back office activity. Youngstown-Warren Boardman, OH-PA Hub of Innovation… Location: The area was recently designated Ohio’s Entrepreneurial Hub of Ad- vanced Materials Commercialization and Software Development. Ameri- Northeast Ohio, Western Pennsylvania ca Makes (formerly NAMII—National Additive Manufacturing Innovation Institute) is headquartered here. Population: 544,746 Unparalleled Market Access… Households: 228,427 This is the only place that offers effective overnight ground access to both New York City and Chicago - both are within an 8 hour drive. Median Household Income: $44,981 Easy and Uncongested Connectivity… Per Capita Income: $25,818 I-80 and I-76 run through the heart of region, which is also served by 5 airports (2 international), 2 class 1 rail service providers and direct high- Median Housing Value: $106,000 way access to Lake Erie and Ohio River ports. Median Housing Cost: $1,015 monthly Our Low Costs & Your Bottom Line… The region’s low cost business environment, coupled with its low cost of Median Rent: $651 monthly living is consistently below the U.S. average and the housing market is K-12 School Buildings: 213 ranked as one of the most affordable in the nation. Available and Productive Employees... K-12 Enrollment: 89,026 There is an abundant supply of available, affordable and highly produc- Trade Schools, Colleges and Universities: 30 tive labor. With award-winning business incubators and dedicated train- ing facilities, our diverse workforce has proven it can exceed the de- Higher Education Enrollment: 25,400 mands of any business setting. Hospitals: 16 Our Thirst For Knowledge… Youngstown State University, Kent State University’s regional campus- Primary Care Physicians: 550 es, Walsh University and the new Eastern Ohio Community College pro- vide outstanding educational opportunities, plus there are more than 95 Cost of Living Index: 82.8 higher-ed campuses within just a 2 hour drive. Industrial Parks: 32 It’s an Exciting and Vibrant Place To Live... Outstanding parks, museums, theaters, art galleries, sporting events, Airport: golf courses, county clubs, live concert and event venues, biking and Youngstown-Warren Regional Airport hiking trails, lakes, night-spots, health clubs and much more provide residents with a dynamic choice of recreational opportunities. Highways: I-80, I-76, I-680, SR 11, SR 82 Elevation: 980 ft. Youngstown/Warren Regional Chamber L OCATION: INFRASTRUCTURE Because of the great location, shipping cargo to the region is easy by air, highway, rail or water port. LAKE ERIE PORTS OHIO RIVER PORTS RAILROADS HIGHWAYS Ashtabula Pittsburgh Amtrak Ohio Turnpike (east-west) Cleveland East Liverpool CSX I-76/I-80 (east-west) Conneaut Wellsville Norfolk & Southern State Route 82 (east-west) Erie and several Short Lines I-79 (north-south) Provides access to Atlantic via Provides access to Gulf of Mexico State Route 11 (north-south) St. Lawrence Seaway via Mississippi River State Route 711 (north-south) LAND DISTANCE TO MAJOR MARKETS Rank by Metro Market Miles Shipping Days According to the Bureau of Population Transportation Statistics, nearly 1 New York 410 1 all shipments require the use of 3 Chicago 415 1 6 Washington 312 1 more than one mode of 7 Philadelphia 375 1 transportation to reach their 10 Boston 600 2 final destination. Infrastructure 14 Detroit 230 1 within the Youngstown-Warren 21 Baltimore 307 1 22 Charlotte 525 1 region provides a one-of-a-kind 26 Pittsburgh 66 1 logistical environment to meet 28 Cincinnati 278 1 all your shipping and cargo 32 Cleveland 85 1 needs. Source: U.S. Census Bureau, 2016 Population Estimates. Shipping Statistics: * Cleveland Hopkins International Airport moves 92 million tons and Pittsburgh International Airport moves 85 million tons of cargo annually. * The Ohio River Waterway accounts for more than one-third of the maritime cargo moving inland in the U.S. * More than 14 billion vehicle miles were traveled on Ohio interstates, freeways and expressways in 2008. * Together CSX and Norfolk Southern Corporation operate over 4,100 miles of railroad in Ohio. Youngstown/Warren Regional Chamber 3 LOCATION: INFRASTRUCTURE GET HERE QUICKLY…. Youngstown-Warren features two international Airport Distance and Drive Times: airports and three regional airports within an hour's Cleveland Hopkins International Airport— drive. (60 miles) 1 hour Pittsburgh International
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