Venture Plastics Receives Abatement for $3 Million Expansion

Nov 13, 2017 | News, Newsletter

Kim Calvert.
Youngstown/Warren Regional Chamber.

Both Trumbull County Commissioners and Braceville Township Trustees approved at their respective meetings this morning and Tuesday evening a 10-year, 60 percent enterprise zone abatement of real estate taxes—as presented by the Trumbull County Planning Commission—for a nearly $3 million expansion project at Venture Plastics, located at 4000 Warren-Ravenna Road.

The custom injection molding services company—in business since 1969—is growing to accommodate customer demand. The project will result in eight new jobs, 110 retained jobs and 17,000 square feet of additional space.

Chamber staff helped to coordinate discussions with local and state partners to determine the appropriate level of assistance to support Venture Plastics’ expansion.

Sarah Boyarko, the Chamber’s senior vice president of Economic Development, said, “Venture Plastics is a valued company in Trumbull County and significant employer. We’ve had opportunities to work with Venture on several occasions over the years, and we are certainly pleased that the county commissioners and township trustees have approved the property tax abatement in support of its continued growth.”

Venture Plastics, a “Best in Class” supplier, has two modern facilities located in Braceville and El Paso, Texas. The company’s well-diversified customer base includes the major markets of industrial/consumer, major appliance, truck/agriculture, automotive, fuel delivery and communications.

The company’s engineering staff can assist in efficient part design and consolidation for cost reduction, while its program management skills provide quick turnaround from concept to production. Venture Plastics’ process and quality control systems provide a consistent flow of good parts, eliminating the cost of scrap and rework. Value-added processes, such as finishing and assembly, provide an efficient single-source supplier.

I 70 / 75 Economic Development Summit on May 30

The I 70 / 75 Economic Development Summit on May 30 will feature Heather E. McGowan is an internationally known speaker, writer, and advisor. McGowan prepares leaders to most-effectively react to rapid and disruptive changes in education, work, and society. As a Future of Work Strategist, Heather has worked with diverse teams to address these challenges.

read more

Akron SBDC Advisors Earn National Certification

Two advisors at the Ohio Small Business Development Center (SBDC) at the Summit Medina Business Alliance Inc. have received prestigious professional certifications after undergoing training through the National Development Council.

read more