Toledo Express Business Park is a 500+ acre (202 hectare) park located in the heart of a powerful business-to-business hub designed to meet the demanding needs of global business. From its advantageous location to its unsurpassed supportive services and strategic partnerships, Toledo Express Business Park connects you to a whole world of business.
Sites and Buildings
- 500+ acre (202 hectare) master-planned business park
- Fully improved sites for sale or lease
- Space available with flexible lease terms to accommodate growth and business adjustments
- Protective covenants to assure building value and park aesthetics
Economic and Financial Tools
- FTZ - Foreign Trade Zone #8 providing cost savings through duty exemptions, inventory tax
exemptions, and taxes related to value added manufacturing operations.
The
Foreign Trade Zone designation allows businesses
to bring foreign sourced inventory into their facility and either re-ship,
sort, repackage, or perform any value added service to the product without
recognizing the duty tax normally applicable to the inventory. The greatest
economic benefit lies in the ability to exempt 100% of the inventory from
the Ohio Inventory Tax in perpetuity, which typically saves $1.00 to $3.00
per square foot ($7.50 - $22.50 per square meter) of occupancy cost.
- EZ -
Enterprise Zone providing
tax abatements for buildings, machinery, equipment and inventory.
Businesses can receive abatement of 60%,
and up to 75% of both real estate and personal property taxes.
Additional information on Enterprise Zones as well as other tax
incentives available can be found at the
State of Ohio.
- Favorable loan programs available through the
Toledo Lucas County Port Authority
- Synthetic lease/off-balance sheet financing, bond financing, and conventional financing
- Business assistance financing, services and job training are available through the
Regional Growth Partnership of Northwest Ohio
Flexible and Available Labor
- Northwest Ohio offers a significant labor pool, with a
population expected to exceed one million by 2010.
- Toledo is surrounded by one of the nation's highest concentrations of educational
institutions, with 33 colleges, universities and community colleges located within 60 miles
(97 km.) of the city.
- A variety of federal, state and locally sponsored
training programs further ensure that workers in the area
are well-trained and educated.
- Motivated and flexible supplemental labor available on
site for short- and long-term projects.
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