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Logistics park could bring 2,000 jobs to Wood County

A new logistics park estimated to cost as much as $150 million and with the potential to bring 2,000 jobs to Henry Township is one step closer to becoming reality. Wood County commissioners voted Tuesday to approve a community reinvestment area for Kansas City-based NorthPoint Development. The firm, which specializes in helping companies build out […]

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Potential suitors eyeing Speedway

Marathon Petroleum Corp.’s Speedway gas-station division has drawn interest from potential buyers including the owner of convenience-store chain 7-Eleven as well as TDR Capital, people familiar with the matter said. Seven & i Holdings Co., the Japanese company that controls 7-Eleven, is working with advisers as it considers a takeover of Speedway, according to the […]

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GM bids to buy land for a new battery factory in Lordstown

General Motors wants to build a new battery factory in Lordstown, Ohio, right next door to its former car assembly plant that it shuttered and sold last year. The automaker said it has a purchase agreement to buy a 158-acre vacant site in Trumbull County, Ohio. It is land GM once owned, but surrendered during its 2009 bankruptcy. GM is also in discussions with Village […]

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ProMedica puts Coldwater Regional Hospital up for sale

ProMedica healthcare system said Tuesday that it has initiated steps to sell its Coldwater Regional Hospital in Coldwater, Mich., one of its 13 hospitals owned or managed by the Toledo-based not-for-profit entity. Located 100 miles northwest of Toledo, Coldwater Regional is an 87-bed acute care hospital that ProMedica has operated since February, 2016. The Toledo […]

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Women entrepreneurs and business owners on the rise in Ohio

As a little girl, Stephanie Johnston dreamed about owning her own business, but after spending nearly 18 years in the corporate world, including nearly eight years at Owens-Illinois, it seemed as though her career track was becoming defined by Wall Street. “Don’t get me wrong, I’m a huge fan of my time at O-I. But […]

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Fortune 500 company coming to spec building near Toledo Express

Developer Ed Harmon, whose gamble on an industrial spec building at the old Willys Jeep plant site morphed into a bustling industrial park with three auto suppliers and 600 workers, has purchased a vacant spec building near Toledo Express Airport to be used by a Fortune 500 company that plans to hire between 50 and […]

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GM confirms its sale of shuttered Lordstown plant

General Motors Co. confirmed Thursday it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin building electric pickup trucks by the end of 2020. Lordstown Motors Corp., which is 10 percent owned by Workhorse Group Inc., has retained Ohio investment bank Brown Gibbons Lang & […]

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Oregon receives grant for infrastructure around industrial parks

The U.S. Department of Commerce said Wednesday that the city of Oregon has been awarded a $2.7 million Economic Development Administration grant to be used for infrastructure in and around the city’s industrial parks that should help attract new businesses. The grant, to be matched with $679,179 in local funds, is expected to help generate […]

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Three years after layoffs, First Solar producing like never before

Three years ago, the mood around the First Solar Inc. complex in Perrysburg Township was glum. The Tempe, Ariz.-based solar panel manufacturer announced the permanent layoff of about 450 employees as it phased out its older panels to make room for its new, larger Series 6 thin-film panels. The Series 6 went into production in mid-2018, and […]

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Economic development picking up steam in Wood County

Wood County is home to some of the most unique geography and infrastructure in the region, and developers are noticing. Two of the longest highways in the country — I-80/​90 and I-75 — intersect in Rossford. CSX operates three lines in portions of the county, and Norfolk Southern runs another. Toledo Executive Airport in Millbury […]

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Officials promise change is coming for Fort Industry Square, Hotel SeaGate

Each day at Balance Pan-Asian Grille’s downtown eatery customers who look out the restaurant’s west-facing windows can count on a dismal view of the corner of North Summit Street and Jefferson Avenue. Staring back at them is the half-demolished,19-story skeleton of the former Hotel Seagate, its street-level deconstruction hidden by a perimeter construction fence but […]

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11 Toledo area firms among Inc. magazine’s list of fastest growing companies

Eleven companies in northwest Ohio have been named to Inc. magazine’s list of the 5,000 fastest-growing private companies in America. The new list, which was released Wednesday, includes eight firms that are on the list for the first time, along with one Toledo firm that is making its appearance on the Inc. 5000 for the […]

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It’s official: Amazon is coming to Rossford

The tenant has finally been revealed for a major economic development project in Rossford, and it’s not a surprise. Amazon.com announced Monday morning that it is building a fulfillment center on 100 acres in The Crossroads, just east of I-75 and north of U.S. 20/23. A second center will be location in Akron. City and company […]

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GM says more investment, jobs, coming to Toledo Transmission plant

General Motors’ plans to sell its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks also include investing big bucks in several other Ohio cities, including Toledo. President Trump announced the deal with a company named Workhorse on Twitter on Wednesday morning. He also wrote that GM plans to spend $700 million at three locations […]

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Toledo Zoo buys land along Anthony Wayne Trail

The Toledo Zoo has purchased a portion of the once heavily contaminated former Jennison Wright property along the Anthony Wayne Trail. The 8.95-acre parcel, previously owned by Ron Gorney as trustee, is part of the larger South Toledo site where the company once processed coal to produce asphalt pavement sealer — the product known locally […]

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