The Toledo Expansion Incentive program provides a monetary, performance-based grant to attract and retain businesses in the City of Toledo.
Donor Name: City of Toledo
State: Ohio
City: Toledo
Type of Grant: Grant
Deadline: Ongoing
Details:
The grant is based on the actual growth in annual municipal income tax that is generated from eligible new employees and payroll associated with the company’s project. The primary goals of the program are to attract and retain companies in target industries and increase the number of high paying jobs for Toledoans.
Eligible Applicants
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 Agreement.
- Acomplies 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).
Eligible New Employees
Eligible New Employees:
- Are hired or are relocated to the City of Toledo after the effective date of the Toledo Expansion Incentive Grant Agreement.
- Do not work more than 20 days at a location that is not the Project Site.
- Are paid a Living Wage.
For more information, visit Toledo Expansion Incentive Program.
