While doing some research on downtown theaters I found this article about the State Theatre. It seems that members of the Renner family were involved in the building of the State Theatre back in 1927. Considering that a Renner was also involved in other downtown theaters this makes perfect sense.
June 3, 1943
http://news.google.com/newspapers?id=h-9RAAAAIBAJ&sjid=wIMMAAAAIBAJ&dq=state-theater%20youngstown&pg=2990%2C625408
Here is the article announcing the awarding of the contracts for the State's construction but it doesn't mention the owners.
State Theater Contracts Let – May 13, 1927
http://news.google.com/newspapers?id=zeU_AAAAIBAJ&sjid=XlgMAAAAIBAJ&pg=3042,4570028&dq=state-theater+youngstown&hl=en
http://news.google.com/newspapers?id=zeU_AAAAIBAJ&sjid=XlgMAAAAIBAJ&dq=state-theater%20youngstown&pg=1388%2C4593665