Recognizing the historical strength of the Toledo metropolitan workforce and its advancement with new technologies, a leading economic development publication has ranked the local MSA as the No. 2 Manufacturing region in the United States.Toledo’s ranking in the Mid-Size category came from Business Facilities magazine’s annual Metro Rankings Report. The national publication is a leading location source for corporate site selectors and economic development professionals for more than 50 years.
“This region possesses the very best of the manufacturing mindset because it’s engrained in our workforce and business community,” said Dean Monske, president and CEO of the Regional Growth Partnership. “We’re proud to have Business Facilities recognize our successes in advanced manufacturing.”
Over the last several years, the Regional Growth Partnership has successfully worked with its economic development partners in building a more diverse industry base. Yet the Toledo/Northwest Ohio region still recognizes and values the traditional manufacturing sector as a critical driver of its economy. In 2019, the RGP and its partners closed 52 projects under the advanced manufacturing umbrella. These projects produced $1 billion of investment in Northwest Ohio along with 1,278 new jobs.
The City of Toledo has been very successful in attracting new manufacturing projects over the past few years. Major projects by Cleveland-Cliffs Inc., Fiat Chrysler Automobiles, and General Motors alone have resulted in more than 800 new jobs and over $2 billion of investment into our community. “The City and its partners are hard at work to continue to strengthen our community’s competitive advantage for manufacturing operations,” said Mayor Wade Kapszukiewicz. “We stay updated on the latest trends and needs of the advanced manufacturing industry through partnerships with our existing companies. Manufacturing is part of our community’s DNA.”
Along with a nationally recognized workforce, Northwest Ohio offers manufacturing companies a favorable business climate and multiple logistics resources.
“The Lucas County Commissioners are proud that Business Facilities Magazine has recognized our community as one of the top metropolitan areas for manufacturing,” the Board of Commissioners said in a joint statement. “This distinction is a testament to readinesses of the best workers anywhere and the hard work the Lucas County Workforce Development Board and the Department of Planning an Development have done through our WorkReady Lucas County initiative to equip job seekers with the skills they need to take advantage of good-paying jobs available in the area. Companies locate and stay here because they know they can rely on our workforce to bring the highest quality products to market on-time every time.”
The region has also committed to developing a broad inventory of available sites and spec buildings. Businesses have taken notice of these positive assets and other key measurements including:
- More than 5,000 new jobs and $3 billion of investment last three years
- Lowest taxes in Midwest for capital-intensive manufacturing
- Manufacturing workforce exceeding 130,000
- 400 manufacturing companies in Northwest Ohio
Overall, Ohio captured nine top 10’s in the Business Facilities rankings for states. To view the complete 2020 BF Rankings Report, including state, metro and international results, visit businessfacilities.com.
The Regional Growth Partnership is the lead economic development group serving the Toledo region and 17 counties of Northwest Ohio. As a 100 percent privately led organization, the RGP focuses on meeting the site selection needs of corporate clients in a confidential, innovative and time-sensitive manner. The RGP serves as Northwest Ohio’s regional network partner for JobsOhio.