Published 29.APR.08
A Youngstown manufacturer that has expanded twice with help from the city’s incentives programs once again is planning to grow, its owner says.

Coronado Steel Co. wants to spend some $400,000 to construct an 8,400-square-foot addition that would house new molding operations at its plant on Funston Avenue, said owner Mike Phillips. “Business has been increasing, so we need more space,” he said.

On April 16, City Council approved a 75% tax abatement on real property to run 10 years that would help the company’s expansion.

Coronado Steel creates its own sand molds based on schematics and then forges metal components for customers all over the world. “A lot of our products are shipped overseas” to countries such as China, Korea and India, Phillips said.

Work is expected to begin soon, he reported, and the project should bring another 10 jobs. “We’re running all shifts now, but we can use more,” he stated. The company employs 45.

Copyright 2008 The Business Journal, Youngstown, Ohio.