City of Toledo Expansion Incentive Program
This program provides financial incentives to businesses that create at least 10 full-time jobs in Toledo, helping to boost local employment and attract companies in key industries.
The City of Toledo Expansion Incentive Program in Ohio offers annual grant awards based on the growth of municipal income taxes received and retained by the City, exceeding expected revenue benchmarks. The grant is tied to the actual growth in annual municipal income tax generated from eligible new employees and associated payroll. The program aims to attract and retain companies in target industries while increasing high-paying job opportunities for Toledo residents. Eligible applicants must be business entities located in or considering locating in Toledo, creating a minimum of 10 full-time W-2 jobs within 3 years, complying with the city's Living Wage requirements, and maintaining good standing with governmental entities. Eligible new employees are those hired or relocated to Toledo after the effective date of the grant agreement, working at the project site and receiving a Living Wage. For more information, visit Toledo Expansion Incentive Program.
Award Range
Not specified - Not specified
Total Program Funding
Not specified
Number of Awards
Not specified
Matching Requirement
No
Eligible Applicants
Additional Requirements
Eligible applicants meet the following criteria: Applicant is a business entity currently located in or considering locating in the City of Toledo that will create at least 10 fulltime W-2 jobs within 3 years of the effective date of the Toledo Expansion Incentive Grant Agreement. Applicant complies with the City’s Living Wage requirements. Applicant is in good standing with governmental entities (i.e. current on income tax, property tax, utilities, code violations, fees).
Geographic Eligibility
City of Toledo
Application Opens
Not specified
Application Closes
Not specified
Grantor
Cody Brown
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