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Youngstown has rebuilt its economy around healthcare, education, and a growing electric vehicle supply chain nicknamed Voltage Valley, replacing the steel industry that defined the city until its collapse in the late 1970s, and local businesses now compete in a market shaped by that transition.

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What drives business in Youngstown

Youngstown's steel industry collapsed after September 19, 1977, known locally as Black Monday, when mills began shutting down through the mid-1980s. Today Youngstown State University is the area's largest overall employer, a shift from the city's industrial past. Health Care & Social Assistance is now the largest industry sector in the city, employing 4,346 people in 2024, ahead of manufacturing at 2,682 and retail trade at 2,268.

Manufacturing hasn't disappeared, it has changed shape. Vallourec Star Steel Company operates in the Brier Hill district and Exal Corporation runs a plant on Poland Avenue, both major industrial employers within city limits. Regionally, the area is now called Voltage Valley, anchored by Ultium Cells LLC, a General Motors and LG Energy Solution joint venture building EV battery cells and employing a major regional workforce. Downtown, the Youngstown Business Incubator has redeveloped a five-building, 200,000-square-foot campus on the west end to attract technology startups.

As Youngstown's economy shifts toward healthcare, education, and EV manufacturing through Ultium Cells and Voltage Valley, plus a growing tech and startup scene around the Youngstown Business Incubator downtown, local plumbers, electricians, and HVAC contractors see steady work from institutional facilities like Youngstown State University and industrial sites in Brier Hill, alongside new demand from downtown redevelopment.

  • Youngstown's steel industry job losses began September 19, 1977, known as Black Monday

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  • Youngstown State University is the area's largest overall employer

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  • Health Care & Social Assistance was Youngstown's largest industry in 2024 with 4,346 workers

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  • Vallourec Star Steel Company operates in the Brier Hill district and Exal Corporation is on Poland Avenue

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  • Ultium Cells LLC, a GM and LG Energy Solution joint venture, is a major regional employer in the Voltage Valley region

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  • The Youngstown Business Incubator has a five-building, 200,000 square foot campus downtown

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