The Economist: Youngstown, A Young Town Again

The Economist Magazine is running a cautiously optimistic story about the future of Youngstown, paying tribute to recent downtown developments and the success of the Youngstown Business Incubator.

“Youngstown’s problems have been manifold,” The magazine writes. “But now there are a few signs that things are starting to improve.”

“One example is the Youngstown Business Incubator, which provides cheap office space and other assistance to start-ups that specialize in business software.

“Founded using government seed money 14 years ago in a part of downtown where few dared to venture, let alone start a business, it is now thriving. Its star pupil, with nearly 200 employees, is Turning Technologies, which has outgrown its original space and been forced to move to a separate building nearby.”

The Youngstown 2010 plan is mentioned, although the magazine concedes it may not work.

Then this: “On Friday and Saturday nights, twenty-somethings spill out onto the pavements. Now all Youngstown has to do is keep them.”

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