Industry and Economy
Industries in Austintown, Ohio
Most Common Occupations in 2013 (%)
•Economy flourished in the 19th and early 20th centuries with steel production.
•After World War II, demand for steel dropped significantly and the industrial base began to decline.
•Austintown’s economy has been impacted by a loss of the steel industry jobs which started on September 19, 1977 as “Black Monday”.
Percentage of Common Occupations
- Sales and related occupations (15%)
- Production occupations (14%)
- Management occupations (9%)
- Transportation occupations (8%)
- Installation, maintenance and repair occupations (7%)
- Construction and extraction occupations (7%)
- Office and administrative support occupations (7%)
•Most common businesses are retail trade, manufacturing, construction, accommodation and food services.
•The Unemployment rate in Austintown is 7.30%
•Job growth is 0.54%
•Future job growth over the next ten years is predicted to be 33.80%
•The income per capita is $14,928
•The median household income is $24,421.
•General Motors Lordstown remains open and is the area’s largest industrial employer which produces Chevrolet Impala, Vega and Cavalier.
•Youngstown State University is also a large employer in the area.
•Vallourec Star Steel Company and Exal Corporation also employs a sizable number of employees in the township with the latter expanding its operations.
•In 2010, Vallourec & Mannesman broke ground for a $620 million pipe mill. The facility produces tube goods to service natural gas exploration in the Marcellus Formation, which is the largest gas field discovered in the past decade.
References
http://www.city-data.com/city/Austintown-Ohio.html
http://www.census.gov/
http://statisticalatlas.com/place/Ohio/Austintown/Industries