Credit Adjustments Inc. (CAI), a leading employee receivables management company, recently announced plans to open a new center in downtown Toledo, adding 500 jobs to the growing community. That news highlighted an active start to 2018 in Northwest Ohio, as reflected in the Regional Growth Partnership’s quarterly update.
“Our business continues to grow and we feel that Toledo offers a great opportunity for us,” said Michael Osborne, chairman of the board, Credit Adjustments.
Along with CAI, other companies across the region invested nearly $36 million in the first quarter, adding nearly 700 new jobs. These numbers come on the heels of a highly successful 2017 for Northwest Ohio which saw nearly 4,000 new jobs created and $4 billion of new investment.
“The implementation of some bold, creative programs both regionally and at JobsOhio, along with numerous aggressive initiatives, helped spur our region’s success,” said Dean Monske, president and CEO, RGP.
Another significant first-quarter project announcement was Magretech’s expansion in Bellevue, an $11 million investment which added 37 new jobs. Also, JM Smith Corporation opened a new pharmaceutical distribution center in Carey, a $16.5 million investment which added 50 new jobs.