Toledo Ranks in Top 10 for Business Investment by Site Selection Magazine

Site Selection magazine announced today that Toledo has ranked among the top 10 in the nation for new business investment. The recognition was part of the magazine’s highly anticipated 2024 Governor’s Cup Awards, which highlight cities that excel in attracting new corporate investment and fostering economic growth.

The ranking underscores Toledo’s continued momentum as a hub for business expansion, innovation, and job creation. Over the past year, Toledo has secured several private-sector investments across key industries, reinforcing its reputation as a prime destination for businesses looking to grow.

“This recognition from Site Selection magazine is a testament to the strategic investments we’ve made to strengthen Toledo’s economic foundation,” Mayor Wade Kapszukiewicz said. “We are committed to fostering an environment where businesses can thrive, and this ranking validates the hard work of our economic development team and the broader Toledo community.”

The Governor’s Cup Awards, published annually by Site Selection, measures corporate investment activity based on new and expanded facilities, a key indicator of economic vitality. Toledo’s strong performance reflects the our community’s proactive approach to business retention and attraction, as well as its commitment to workforce development and infrastructure improvements.

“This achievement reflects the dedication and collaboration of our public and private partners in advancing Toledo’s economy,” Brandon Sehlhorst, Director of Economic Development, said. “We remain focused on creating opportunities for businesses to succeed, supporting entrepreneurs, and ensuring Toledo remains a competitive market for investment.”

Site Selection magazine is a leading publication covering corporate real estate and economic development trends. More information about the Governor’s Cup Awards and the full rankings can be found at www.siteselection.com.

####