EXAL Corporation

The Port Authority assisted EXAL Corporation expand its operations in the Mahoning Valley by providing financial resources to EXAL for the construction of a 178,000 sq. ft. manufacturing facility and equipping and furnishing the same. The Port Authority obtained $5,000,000 in State Economic Development Revenue Bonds through the Ohio Enterprise Bond Fund Program, obtained a $2,000,000 Loan from the Ohio Department of Development’s 166 Direct Loan Program, and obtained $3,000,000 in Economic Development Revenue Bonds through the Summit County Bond Fund Program, and passed through those proceeds to EXAL for the project.