Along with neighboring cities (including Chicago, Pittsburgh, and Cleveland) Youngstown and Ohio in general enjoyed great prosperity during the Second World War and the subsequent arms race, but profit declined along with those industries. Although Youngstown was hit hard by the 1977 closure of the Youngstown Sheet and Tube Plant, the city has recently initiated a business incubator program which helps fund start-up companies by offering discounted utilities, furnishings, and office space. If this trend continues, it's quite possible that this once predominantly blue-collar region will manage to attract substantial numbers of white-collar engineers, researchers, and scientists.
Currently, the largest employer in the region is Youngstown State University, which serves about 1,300 students on its urban campus. The largest corporate employers in the area include:
- General Motors' Lordstown auto assembly plant
- Delphi
- Packard Electric Systems
- WCI Steel Plant
- V&M Star Steel Company
- Exal Corporation
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