Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Toledo, Ohio
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==Economy== {{More citations needed section|date=June 2009}} [[File:Fifth Third Center at One SeaGate.JPG|thumb|upright|One SeaGate, the tallest building in Toledo, is the location of Fifth Third Bank's Northwest Ohio headquarters.]] [[File:National City Bank Building, Toledo.JPG|thumb|upright|PNC Bank Building, formerly the Ohio Bank Building. Built in 1932, it is the 3rd tallest in Toledo.]] Before the [[Industrial Revolution]], Toledo was important as a port city on the [[Great Lakes]]. With the advent of the automobile, the city became best known for industrial manufacturing. Both [[General Motors]] and [[Chrysler]] had factories in metropolitan Toledo, and automobile manufacturing has been important at least since [[Kirk Manufacturing Company (automobile company)|Kirk]] started manufacturing automobiles,<ref>{{Cite book |last=Clymer |first=Floyd |title=Treasury of Early American Automobiles, 1877β1925 |location=New York |publisher=Bonanza Books |year=1950 |page=158}}</ref> which began operations early in the 20th century. The largest employer in Toledo was [[Jeep]] for much of the 20th century. Since the late 20th century, industrial restructuring reduced the number of these well-paying jobs. The [[University of Toledo]] is influential in the city, contributing to the prominence of healthcare as the city's biggest employer. The metro area contains four [[Fortune 500]] companies: [[Dana Holding Corporation]], [[Owens Corning]], [[The Andersons]], and [[Owens Illinois]]. [[ProMedica]] is a [[Fortune 1000]] company headquartered in Toledo. One Sea-Gate is the location of [[Fifth Third Bank]]'s Northwest Ohio headquarters. ===Glass industry=== Toledo is known as the Glass City because of its long history of glass manufacturing, including [[window]]s, [[bottle]]s, [[windshield]]s, [[construction|construction materials]], and [[glass art]], of which the [[Toledo Museum of Art]] has a large collection. Several large glass companies have their origins here. [[Owens-Illinois]], [[Owens Corning]], [[Libbey Incorporated]], [[Pilkington]] North America (formerly [[Libbey-Owens-Ford]]), and [[Fortune Brands Home & Security|Therma-Tru]] have long been a staple of Toledo's economy. Other offshoots of these companies also continue to play important roles in Toledo's economy. Fiberglass giant [[Johns Manville]]'s two plants in the metro area were originally built by a subsidiary of Libbey-Owens-Ford. ===Automotive industry=== Several Fortune 500 automotive-related companies had their headquarters in Toledo, including [[Autolite|Electric AutoLite]], [[Sheller-Globe Corporation]], [[Champion (spark plug)|Champion Spark Plug]], Questor, and [[Dana Holding Corporation]]. Only the latter still operates as an independent entity. Faurecia Exhaust Systems, a subsidiary of France's [[Faurecia]] SA, is in Toledo. Toledo is the Jeep headquarters and has two production facilities dubbed the [[Toledo Complex]], one in the city and one in suburban Perrysburg. During World War II, the city's industries produced important products for the military, particularly the [[Willys Jeep]].<ref>{{cite web |title=Toledo, Ohio |work=Ohio History Central |date=July 1, 2005 |url=http://www.ohiohistorycentral.org/entry.php?rec=808 |access-date=August 4, 2014 |archive-date=March 21, 2013 |archive-url=https://web.archive.org/web/20130321170239/http://ohiohistorycentral.org/entry.php?rec=808 |url-status=live }}</ref> [[Willys-Overland]] was a major automaker headquartered in Toledo until 1953. Industrial restructuring and loss of jobs caused the city to adopt new strategies to retain its industrial companies. It offered tax incentives to [[DaimlerChrysler]] to expand its Jeep plant. In 2001, a taxpayer lawsuit was filed against Toledo that challenged the constitutionality of that action. In 2006, the city won the case by a unanimous ruling by the [[U.S. Supreme Court]] in ''[[DaimlerChrysler Corp. v. Cuno]]''. General Motors also has operated a [[Toledo Transmission|transmission plant]], in Toledo since 1916 currently owned by Scott Lorenzen. It manufactures and assembles GM's six-speed and eight-speed rear-wheel-drive and six-speed front-wheel-drive transmissions that are used in a variety of GM vehicles.<ref>{{cite web |title=Toledo Transmission |url=https://media.gm.com/media/us/en/gm/company_info/facilities/powertrain/toledo.html |website=media.gm.com |publisher=GM |access-date=November 24, 2018 |archive-date=January 17, 2019 |archive-url=https://web.archive.org/web/20190117222712/https://media.gm.com/media/us/en/gm/company_info/facilities/powertrain/toledo.html |url-status=live }}</ref> ===Green industry=== Belying its [[Rust Belt]] history, the city saw growth in "green jobs" related to solar energy in the 2000s.<ref>{{Cite news |url=http://prospect.org/article/cities-front-lines |title=Cities on the Front Lines |newspaper=The American Prospect |access-date=February 13, 2017 |language=en |archive-date=August 17, 2016 |archive-url=https://web.archive.org/web/20160817134105/http://prospect.org/article/cities-front-lines |url-status=live }}</ref> The [[University of Toledo]] and [[Bowling Green State University]] received Ohio grants for solar energy research.<ref>{{Cite news |url=http://www.toledofreepress.com/2009/07/30/state-awards-solar-research-grant-to-ut-bgsu/ |title=State awards solar research grant to UT, BGSU |first=Duane |last=Ramsey |work=[[Toledo Free Press]] |location=Toledo |date=July 30, 2009 |access-date=August 4, 2014 |archive-date=August 8, 2014 |archive-url=https://web.archive.org/web/20140808042754/http://www.toledofreepress.com/2009/07/30/state-awards-solar-research-grant-to-ut-bgsu/ |url-status=dead}}</ref> [[Xunlight Corporation|Xunlight]] and [[First Solar Inc|First Solar]] opened plants in Toledo and the surrounding area.<ref>{{Cite news |url=http://www.voanews.com/english/2009-07-28-voa65.cfm |title=Old US Industrial Town Looking Forward to a Green Future |first=Jeff |last=Swicord |work=[[Voice of America]] |location=Washington, D.C. |date=July 28, 2009 |archive-url=https://web.archive.org/web/20090825203929/http://www.voanews.com/english/2009-07-28-voa65.cfm |archive-date=August 25, 2009}}</ref> In May 2019 Balance Farms began operation of an 8,168 square foot indoor [[aquaponics]] farm in downtown Toledo.<ref>{{cite news |title=A look inside Balance Farms, downtown Toledo's aquaponics operation |url=https://www.toledoblade.com/business/agriculture/2019/06/21/inside-balance-pan-asian-grille-farms-downtown-toledo-aquaponics/stories/20190610151 |newspaper=The Blade |access-date=November 25, 2019 |language=en |archive-date=June 22, 2019 |archive-url=https://web.archive.org/web/20190622173316/https://www.toledoblade.com/business/agriculture/2019/06/21/inside-balance-pan-asian-grille-farms-downtown-toledo-aquaponics/stories/20190610151 |url-status=live }}</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Toledo, Ohio
(section)
Add topic