Youngstown's central location and ample infrastructure make it a convenient and attractive city in which to do business. Youngstown is an hour's drive from Pittsburgh and Cleveland and lies midway between New York City and Chicago.
One of Youngstown's most valuable assets is Youngstown State University (YSU), an urban research university that sits in the heart of the city. Every year, more than 1400 students earn their bachelor's degree from YSU. YSU's robust research initiatives in the fields of science, technology, engineering, and mathematics bolster the region's high-tech businesses. The region's other institutions of higher learning further augment Youngstown's educated workforce, while local community colleges and technical schools endow workers with vital job-ready skills.
Other regional drivers of economic activity include the Youngstown Air Reserve Station, General Motors, and other large employers. The last three years alone have seen a number of new businesses come to the city.
One major opportunity on Youngstown's horizon is the extraction of Marcellus and Utica Shale natural gas. Youngstown's proximity to the shale, combined with Ohio's business-friendly tax code make Youngstown an ideal site to locate firms servicing the Marcellus boom. Sensing this opportunity, V&M Star recently made a 650 million dollar expansion to better supply steel piping for extraction operations.
At the local, regional, and state levels, government in Youngstown seeks to support the business community. The City of Youngstown is internationally recognized for its innovative ways to promote business creation, like the nationally renowned Youngstown Business Incubator, which guides IT startups to maturity and profitability.