Winter 2007

Seasons Greetings!
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Winter 2007
MVEDC Welcomes New Board Members
The Mahoning Valley Economic Development
Corporation (MVEDC) welcomes two new
board members, Michael J. Pustateri, Jr. and
David French.
Michael J. Pusateri, Jr.
A long time resident of East Liverpool,
Mr. Pusateri is a principal in three businesses
in Columbiana County: Mike Pusateri
Excavating, Pipelines, Inc., and GMP
Development. He also serves on the Board
of Directors for the Columbiana County
Mental Health Board.
David French
Mr. French is from Roaming Shores in
Ashtabula County and is president of Frenchs’
Inc. A mechanical engineer by training,
Mr. French also served in the United States
Air Force. He serves on the board of directors
Michael Pusateri
David French
for the Northeast Ohio Boy Scout Council, the
Ashtabula County Builders Association, and
Growth Partnership of Ashtabula County. He is
also a member of the Andover Rotary Club.
- continued on page 3
Advantage
Building
Components
Opens in
N. Jackson
Advantage Building Components, 12005 Council Drive, North Jackson
NORTH JACKSON- Advantage Building
Components, LLC is now doing business at the
location of the former Fagan’s Manufacturing
Company. Located on nearly 25 acres in North
Jackson, the company manufactures wood
roof and floor trusses and wall panels for single
and multi-family residential properties.
The project includes the purchase of an
existing office/ showroom/ manufacturing
facility, six additional open storage structures
and the land on which the business sits. In
addition to the structures and land, the
principals have purchased the equipment of
the former business.
The project was financed by a loan from
S&T Bank of Pennsylvania, and by loans
from the US Department of Agriculture, the
Mahoning Valley Industrial Loan Fund and a
Regional 166 loan, all through the MVEDC.
Leslie Policz, Mark Edwards, Bruce
Edwards, Gordon Edwards and James Schell
own Advantage Building Components.
Mahoning Valley Economic Development Corporation ...
Bringing regional business news to you
DEVELOPMENTS
Girard Welcomes New Days Inn and Suites
is published quarterly
by the Mahoning Valley
Economic Development
Corporation (MVEDC)
4319 Belmont Avenue
Youngstown, Ohio
44505-1005
330-759-3668
330-369-6026
FAX 330-759-3686
www.mvedc.com
• Low-Interest Loans
• Industrial Park Locations
• Site Information
• Industrial Railroad Service
• Financial Packaging
Assistance
• Federal Procurement
Assistance
Days Inn and Suites, 1615 E. Liberty in Girard
GIRARD- There’s a new Days Inn and
Suites in Girard. The hotel is at the
location of the former Econolodge on
Liberty Street, just off Belmont Avenue.
Mr. and Mrs. Desai owned the
Econolodge from 1992 until a fire partially
destroyed it in 2004. The Desai’s continue
ownership of the Days Inn and Suites,
and have brought their son Krupal in as
majority owner and manager. The younger
Mr. Desai has been general manager
of East Hanover Hotel Corporation in
Grantville, Pennsylvania, overseeing four
hotels in the Hershey area.
The renovation and conversion of the
motel was made possible with financing
from National Republic Bank of Chicago
and an SBA 504 loan through the
MVEDC. Renovations to the property
include an indoor pool and breakfast
facility. The business expects to employ 14.
Boardman Subaru Expands Service Capacity
Charles E. Wern, Jr.
President
James M. Rosa
Vice President
Frank D. DeJute
Secretary
Warren Harrell, Jr.
Assistant Secretary
James E. Glenn
Treasurer
Patricia B. Augustine
Assistant Treasurer
Donald L. French
Executive Director
CPC D4533-R1207
The new service facility at Boardman Subaru
BOARDMAN- Boardman Subaru, 7811
South Avenue, has gone through a
major transformation. With financing from
Huntington Bank and an SBA 504 loan
through the MVEDC, owner Rob Fellman
added a 7,200 square foot structure to the
existing facility. The new space provides
for a six bay service area, service lounge
and office space. Part of the existing
building was converted into showroom
space.
Mr. Fellman has been the area’s
Subaru dealer since 2005 when he
purchased the franchise from its previous owner. Recent sales numbers show
the dealership as number one Subaru
dealer in the district for both purchase and
performance.
The expansion will allow the business
to add eight new employees in the service,
office and rental departments.
Building Component Manufacturer Expands
New Board Members
continued from page 1
Mr. Pusateri and Mr. French join
a board comprised of individuals from
Mahoning, Trumbull and Geauga
counties. Activities of the MVEDC
impact businesses in six counties
in northeast Ohio. The corporation
is also authorized by the U.S. Small
Business Administration to conduct
business in Beaver, Lawrence and
Mercer counties in western
Pennsylvania.
Gerald Brandon and Chris Cherne operating the metal lathe line at Niles
Building Products manufacturing facility on Summit Street in Niles
NILES- With financing from Chase Bank, the City of Niles Revolving
Loan Fund and a USDA Intermediary Relending Program loan through
MVEDC, Niles Building Products is purchasing new equipment and
expanding to a new location to increase production. The company
produces steel expansion control joints, metal corners and other items
used in the construction of large commercial buildings.
The addition of a Samco lathe line and related equipment will allow
the company to produce galvanized metal lathe mesh, which it uses in
production of its products. Niles Building Products previously purchased
the metal mesh from an outside vendor. The additional capability will allow
the company to fully meet its production needs by producing the quantity
of mesh it needs to fulfill orders for its products.
Holly Mang is President and CEO of the company, a position she has
held since 2002. Ms. Mang expects to add six new employees.
BUSINESS
LOANS
Fixed Rates
As Low As
4.25 Percent!
Wishing You A Safe & Happy Holiday Season!
Columbiana Company Moves and Expands
COLUMBIANA- Michael and Renee Weikart have purchased and
renovated property in Columbiana to house their expanding business,
Custom Comfort Systems. The two have owned the plumbing, heating
and construction business since 2000. The business specializes in
installation and service for whole house and business heating and air
conditioning systems.
The new facility at 44725 State Route 14 includes a showroom,
garage, storage building, and manufacturing space as well as an office.
The project also includes the purchase of metal facbrication equipment
that will allow the Weikarts to produce components for the business.
Funding for the project came from Consumers Bank, as well as from
the Small Business Administration 504 and the Intermediary Relending
loan programs through MVEDC. The Weikarts employ seven and expect
to add five additional employees over the next three years.
For companies in Ohio
and
Western Pennsylvania
Call
330-759-3668
or 330-369-6026
or e-mail us at
[email protected]
R.L. Smith Printing Expands Services in Boardman Facility
BOARDMAN- R.L. Smith Printing Company has added new equipment at its new location on Simon Road in Boardman.
The company now offers a thermal CTP (Computer to Plate) system, eliminating all chemistry to produce metal plates
in its pre-press production process. The business also purchased a Duplo System 5000 Bookmaker, operated by Janice
Burd, is a truly automatic collating and booklet maker that produces up to 5,000 books per hour or 10,000 collated sets
per hour.
Both systems expand the capacity of the full-service communications solution provider, owned by Ron Smith. The
purchases were made possible with financing from Chase Bank, along with loans from the Mahoning Valley Industrial
Loan Fund and the Department of Agriculture Intermediary Relending Program through MVEDC.
RETURN SERVICE Requested
Mahoning Valley
Economic Development Corporation
4319 Belmont Avenue
Youngstown, Ohio 44505
Permit No. 3
Youngstown, Ohio
U.S. Postage Paid
Non-Profit Organization