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New Horizons plans $13M expansion of Toledo bakery

Posted By: The Toledo Blade on May 9, 2023.  For more information, please click here to read the source article.

New Horizons Baking Company plans to invest more than $13 million to add a second English muffin production line at its North Toledo facility, economic development officials announced.

The company has said it plans to add at least 45 new jobs with an annual payroll of $2.3 million to staff the new line. The Ohio Tax Credit Authority on Monday approved a six-year tax credit worth an estimated $125,000 to assist New Horizons with the project — one of several regional projects that obtained state tax assistance from the authority this week.

The tax agency said Ohio had been competing with locations in Indiana for the New Horizons project. The Regional Growth Partnership and JobsOhio helped secure the project, according to an RGP announcement.

New Horizons is headquartered in Norwalk, and currently employs 550 people across four regional locations including in Toledo at 1015 New York Ave. The company is seeing increased demand for its English muffins which necessitated the new line including machinery as well as 20,000 square-feet for cold storage.

Production on the new line is expected to start in February. It’s the second major expansion at the Toledo baking facility in the last seven years.

Several other regional projects were approved for Ohio tax credit assistance on Monday:

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