A strong, supportive business community and existing talent base provide the necessary resources, encouragement and human capital to make Toledo the destination of choice for tomorrow’s entrepreneurs and leaders. From accountants and attorneys, to communications and technology, research and design, to manufacturing and logistics, the region supports a business model so efficient it can seem downright plug-and-play to business builders and leaders accustomed to less competitive and more cumbersome situations. All of this makes the conclusion clear; in the Toledo region you’ll find everything you need to accelerate your opportunity.
IT’S ALL ABOUT LOCATION, LOCATION, LOCATION!
The Toledo region is a dynamic business location situated in a 500-mile radius of 43 percent of the U.S. industrial market and 47 percent of the Canadian market, making it a central location. There is immediate access to air, seaport and two of the most traveled interstates in the nation – Northwest Ohio is a global marketplace gateway.
In addition to its transportation infrastructure, the Toledo Region offers a robust utility infrastructure providing reliable and competitively priced power—including compelling incentive programs to businesses; an extensive telecommunications infrastructure; and abundant water resources resulting in some of the lowest prices in North America for commercial, industrial and residential use.
Toledo is the economic hub for the area, an 11-county region. The city offers diverse businesses and employment opportunities within the economy grounded in manufacturing, wholesale, retail trade and agriculture, as well as government, education, health care and professional services. This Toledo region is becoming a world leader with the emergence of solar power technology and manufacturing.
INCENTIVES TO BUILD ON
Regional economic development entities and financial institutions cooperate to offer a comprehensive array of financing and other incentives for qualified business projects. Regional businesses have access to a variety of local state and federal programs, as well as traditional financing designed to meet various capital, research, technology and work force funding needs. The area’s economic development agencies are experienced in assessing business’ unique needs and matching them up with the most appropriate provider of incentives.
TECHNOLOGY DRIVES ECONOMIC GROWTH
Companies that call the Toledo region home have readily available technological resources. Organizations such as the Regional Growth Partnership and institutions such as the University of Toledo, Bowling Green State University, the University of Findlay, Owens Community College and the Center for Food Technology (CIFT) offer a valuable resource base to all types of business and industry.
Resources available include: state-of-the-art technical and research facilities with specialized expertise in engineering technology, CAD/CAM, polymer research, plastics recycling, photochemical sciences, biology, pharmacy and health technology. These resources provide important competitive advantages to companies that need access to integrated academic and technological programs. They also offer opportunities for joint research projects, testing facilities, database operations and provide a constant availability of highly skilled and educated technical personnel.
THE PEOPLE TO MAKE IT HAPPEN
Toledo has an available workforce population of over 200,000 and 65 percent of that population is employed. Northwest Ohio’s working-age population grows at a fast rate, faster than the national average in 2010. It also offers a substantial workforce for about 220,000 students who are enrolled in colleges and universities located within an hour of Toledo. The region also has a high ratio of students pursuing engineering degrees. The level of skill and understanding of advanced manufacturing systems possessed by our workforce lends itself particularly well to the many new technological processes that are being developed here every day.