Economic Success
Building Toledo’s Future
Under Mayor Kapszukiewicz’s leadership, Toledo has been recognized as one of the top cities in the country for new business investment—and we’re just getting started
Toledo is nationally recognized as a top city for new business investment.
Toledo has ranked among the Top 10 metro areas in the United States for new business investment in nine of the past eleven years. Toledo was ranked #1 in 2020.
Vacancy into Opportunity
This top ranking in new business investment can be seen in projects all over the city, but is highlighted most by the Mayor's focus on redeveloping Toledo’s historically vacant spaces into economic opportunity
North Towne Mall →
Mobis Manufacturing Plant
The successful redevelopment of the former North Towne Mall site is now home to Mobis North America’s newest manufacturing plant. This project reflects Toledo’s commitment to economic expansion, job creation, and industry innovation.
185 new manufacturing jobs created in Toledo
$28 million of private investment
Strengthening Toledo’s role in automotive electrification
This state-of-the-art battery systems plant reinforces our city’s reputation as a prime destination for businesses looking to grow. And this is only phase 1 of what is to come at this site. We’re not just building on Toledo’s past—we’re creating its future.
BEFORE
Glass City Riverwalk
For decades Toledo’s Marina District sat vacant as development ideas never came to fruition. Now, Toledo’s Glass City Riverwalk has rapidly become the region's top social and recreational destination, drawing over 1 million visitors in 2024, and the project is less than halfway completed. With nearly 80 acres already restored and accessible, an additional 220 acres of riverfront space is under development, creating recreational opportunities on both sides of the Maumee River from the I-280 Veterans Glass City Skyway Bridge to the Anthony Wayne Bridge.
BEFORE
Learn more:
Toledo Pickle
What is most exciting is that since the opening of the Glass City Metropark on Toledo’s East Side, home ownership in the Garfield neighborhood has DOUBLED in 2 years. As development has now begun on the other side of the river in Toledo’s Vistula neighborhood, with the recent opening of Toledo Pickle and more projects coming online, this momentum will continue.
BEFORE
Jefferson Center → Innovation Post
Once a post office and sorting center from the early 1900s, this historic building has been transformed into a vibrant workspace designed to spark collaboration and fuel economic growth.
BEFORE
Vacant Southwyk Mall →
Amazon Facility
BEFORE
AFTER
Textile leather →
Jeep vehicle customization
BEFORE
AFTER
When it comes to Economic Development, Toledo literally has the best in the business, with the Mayor’s Director of Economic Development Brandon Selhorst being chosen as 2024 Economic Developer of the year in Ohio.
“The recognition is a major victory for our residents and our business partners. This achievement simply would not be possible without the commitment from the business community. I would like to thank those companies that continue to locate and invest in our community. Today, we celebrate you and what you have done for Toledo.”
— Mayor Kapszukiewicz