The site selection magazine announced today that Toledo has ranked among the first 10 in the country for new commercial investments. Recognition was one of the highly anticipated of the Governor of the magazine Cup, which highlight cities that excels in attracting new investments from businesses and promoting economic growth.
The classification underlines the continuous momentum of Toledo as a center for the expansion of companies, innovation and the creation of jobs. In the past year, Toledo has obtained several investments in the private sector in key industries, strengthening its reputation as a main destination for companies that seek to grow.
“This recognition of the site selection magazine testifies to the strategic investments that we have made to strengthen the economic foundation of Toledo,” said Mayor Wade Kapszukiewicz. “We are committed to promoting an environment where companies can prosper, and this ranking validates the hard work of our economic development team and the wider community of Toledo.”
Governor’s Cup Awards, published each year by selection of sites, measure the investment activity of companies based on new and enlarged facilities, a key indicator of economic vitality. Toledo’s strong performance reflects the proactive approach of our community in terms of business retention and attraction, as well as its commitment to the development of workforce and the improvement of infrastructure.
“This achievement reflects the dedication and collaboration of our public and private partners in the advancement of the Toledo economy,” said Brandon Sehlhorst, director of economic development. “We remain focused on creating opportunities for companies to succeed, by supporting entrepreneurs and ensuring that Toledo remains a competitive market for investment.”
The site’s selection magazine is a leading publication covering real estate and business development trends for businesses. More information on Governor’s Cup Awards and the complete classification can be found at www.siteselection.com.
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