TMACOG receives $23.6 million grant for Glass City Riverwalk
A pair of Ohio congressmen announced Thursday the Toledo Metropolitan Area Council of Governments is receiving over $20 million to build a multiuse path along the Maumee River. The U.S. Department of Transportation is awarding $23.6 million to the group as part of the Better Utilizing Investment to Leverage Development grant program. The money will […]
Heidtman Steel Products invests $9.1 million in expansion, adds 65 jobs
Heidtman Steel Products, Inc., a Toledo-based processor of flat-rolled steel, is expanding its operations in Bedford Township and the city of Bedford Township to create a new steel tubing operation that is expected to create 65 jobs when finished. Heidtman, which has nine steel processing facilities in four Great Lakes states, is backing a new […]
Southwyck, French Quarter are case studies in shifting industries
The retail landscape continues to shift in the U.S. and a pair of properties in northwest Ohio provide an interesting juxtaposition. After a decade of conjecture and stalled plans, the former Southwyck Mall site in Toledo is being transformed into an Amazon delivery station, which city officials consider a monumental victory. There is more positive […]
New downtown marketing firm opens with focus on local businesses, branding
The Glass City’s newest marketing firm wants to sell your local company branded merchandise and help it grow. Jim Walrod opened Front Door Marketing in January after a 14-year career at The Image Group where he developed his expertise in business-to-business marketing and branded merchandise. Front Door is a full-service promotional company with a personal […]
ProMedica to build ER in Maumee
ProMedica announced plans Thursday to build a freestanding emergency room in Maumee on Anthony Wayne Trail near the I-475 interchange, and in the virtual shadows of St. Luke’s Hospital. The new facility will be the second ProMedica Toledo Hospital ER in the region. A news release from ProMedica said the center will “support the growing […]
Businesses adapting, surviving coronavirus pandemic
When Gov. Mike DeWine ordered all nonessential businesses to close by March 24 due to the coronavirus pandemic, pet groomer Telia Williams said she immediately felt a sense of loss and disconnection as the job she so loved doing was suddenly taken from her. “To be perfectly honest, I sat home and avoided everything because […]
Glass City Metropark, International Park to be blended into one big downtown riverfront project
Several actions were approved on Earth Day by Metroparks Toledo board members to keep on track what the organization calls the single most ambitious project in the park district’s history. Perhaps none were more important than the formalization of a marriage between the future Glass City Metropark and International Park, the latter of which was […]
Certain businesses faring well during pandemic
Joe Sofo wasn’t sure what to expect from a business standpoint when the coronavirus pandemic hit hard over a month ago, but the results have been pleasantly surprising. Sofo Foods, which supplies ingredients to restaurants and fast food joints and operates a retail store on Monroe Street, is one of the local businesses faring well […]
Coronavirus not slowing down most development projects
At least one major economic development project in northwest Ohio is at a standstill due to the coronavirus outbreak, but for now, most developers and officials remain optimistic about the future. Construction workers are exempt from Gov. Mike DeWine’s stay-at-home order, but Cleveland-Cliffs announced last week that it is pausing work on a hot briquette […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 & […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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- In 2019, Signature completed more than 1,032 transactions totaling 27.7 million square feet and 2,435 acres with a total value of $994 million.
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