Although the manufacturing industries in Toledo have declined significantly, manufacturing is still an important economic component of the local economy. General Motors and Chrysler have facilities in the Toledo area. The Jeep vehicle is produced in the city.
Toledo is a notable Northwestern Ohio banking and finance center. In addition, medical devices and instrument companies and technology firms are significant forces in the economy. The metals, steel and plastic industries are also important to the city. In addition, agriculture is important to the region.
Fortune 500 companies, Owens Corning and Dana Corporation are situated in Toledo. The Fortune 1000 company, HCR Manor Care is headquartered in Toledo. The notable company Faurecia Exhaust Systems is also located in the city.
The largest employer in the city is the University of Toledo. The healthcare industry now employs more residents than the manufacturing industries and is the city's largest employment sector. In addition, Toledo has produced a number of "green jobs" due to economic development pertaining to solar energy.
Toledo is known as "Glass city" due to its long history of innovation in the glass industry. Employment is provided by notable glass producing firms such as Owens-Corning, Pilkington North America, Therma-Tru and Libbey Glass. Employment is also provided by a number of glass related companies. The major fiberglass company Johns Manville is also located in the area.
The largest employers in Toledo:
- The University of Toledo
- The Toledo Hospital
- Promedica Health Systems, Inc
- St Vincent Hospital and Medical Center of Toledo
- The University of Toledo
- Chrysler LLC
- TSL LTD
- Job 1 USA
- GM Corp. Powertrain Div. Corp
- Libbey Glass Inc
- Dana Corporation
- Owens Corning
- Faurecia Automotive Holdings Inc
- Toledo Building Services Co Inc
- Fifth Third Bank of Northwestern Ohio, NA
- Saint Anne Mercy Hospital
- Toledo Clinic, Inc
- Manor Care, Inc
- Heitman Steel Products
- Sterling Pipe & Tube, Inc
The prominent employment fields in Toledo:
- Trade, transportation and utilities
- Manufacturing
- Government
- Healthcare
- Education
- Professional and business services
Noteworthy facts about Toledo, Ohio: Estimated median household income in 2007: $35,000. Cost of living index in 2008: 78.8 (U.S. average: 100). Adult population holding a bachelor's degree: 17%.
Local companies have access to helpful associations such as:
- Toledo Regional Chamber of Commerce
- Toledo Economic Development
- Ohio Economic Development Association
- The Ohio Small Business Association
The Toledo Blade is a good resource for people interested in learning about local business endeavors.