By Sabrina D'Onofrio, CGBP, CBA
The Export Success class of 2021 is now accepting registrations, and that means it's time for you to decide whether Export Success can benefit your business and the goals you have for your business' future. Of course, here at the Toledo Regional Chamber of Commerce and our Toledo Small Business Development Center, which houses our Export Assistance program, and the Regional Growth Partnership, we want your business to grow, succeed and find stability. So, the short of it is yes, you should join Export Success. But let's get into why.
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By Sabrina D'Onofrio, CGBP, CBA Don't let yourself or your business suffer because of the myths that precede the concept of exporting abroad. If you believe exporting is too complicated or unnecessary then I highly recommend that you register for Export Success 2021. Export Success 2021 is now 100% reimbursable for eligible companies who apply for the IMAGE Grant from the State of Ohio.
Happy New Year, Toledo! We've closed the books on 2020 and we are excited to get started on everything to come in 2021. However, we wouldn't be sending December off right without recognizing our incredible new members who joined the Toledo Regional Chamber of Commerce in December 2020. Let's take a look back at what the month brought for the business community of northwest Ohio.
Lucas and Wood County businesses facing possible late payment of first-half property taxes as a result of COVID-19 or other hardship are encouraged to contact their county treasurer’s office to discuss options for avoiding penalty and interest. The payment deadline for first-half property taxes is January 31 for Lucas County property owners and February 12 for Wood County property owners.
Toledo City Council to vote on ordinances for new facility near FCA’s Toledo Assembly Complex1/5/2021
By Tim Schneider, Toledo Regional Chamber of Commerce At its regular meeting at 4:00 p.m. on Tuesday, January 5, Toledo City Council is expected to vote on two ordinances that would facilitate FCA’s proposed construction of a 250,000 square foot vehicle customization facility near its Toledo Assembly Complex. Ordinance 8-21 would approve the sale of 40.67 acres of city-owned property that includes the former Textileather and MedCorp facility sites to FCA for $1.00. Ordinance 9-21 would establish a tax increment financing arrangement to fund improvements on the site with FCA making service payment into a fund for such purposes in lieu of property taxes for a period of 30 years. According to the city, the project would support production at the Toledo Assembly Complex and involve total investment of $23 million and creation of more than 300 jobs.
At its regular meeting at 4:00 p.m. on Tuesday, December 15, Toledo City Council will likely vote on Ordinance 496-20 which would approve adjustments within the 2020 approved budget. Changes would increase the estimate for general fund revenues by $20,043,238. Notable individual revenue adjustments include increases of $6.4 million from income tax collections and $16.8 million from excess Ohio Bureau of Workers’ Compensation rebates, and a decrease of $4 million from the traffic photo enforcement program and court fines. Changes would also increase the estimate for general fund expenditures by $965,395. The ordinance would also make a number of other city fund adjustments.
As the last leaves touch the ground and the snow begins to fall, we know it's the start of December. Here at the Chamber, we're looking forward to the start of 2021 and all the new changes and events that come with it. But first, let's celebrate our new members who joined us in November 2020.
By Tim Schneider, Toledo Regional Chamber of Commerce Toledo Mayor Wade Kapszukiewicz’s proposed 2021 operating and Capital Improvement Program (CIP) budgets are expected to be referred to committee at Toledo City Council’s regular meeting at 4:00 p.m. on Tuesday, December 1. Ordinance 470-20 estimates operating expenditures of $283,118,577 which is $14.2 million higher than the amended 2020 budget that included adjustments in response to COVID-19. It is balanced using a transfer of $11 million from the CIP fund and almost $23 million from general fund reserves. Income tax revenue is expected to generate $178.4 million, which is $7.7 million higher than the amended 2020 budget, but still lower than estimates prior to COVID. Separately, $17 million in new revenue for roads is expected from the additional 0.25 percent income tax approved this year. Ordinance 471-20 includes CIP expenditures of $18.7 million for residential roads and $20.3 million for other capital projects in 2021. Hearings on both the operating and CIP budgets, which can be view here, are scheduled for December 7 at noon, December 14 at 5:00 p.m., and December 16 at 5:00 p.m. The proposal sets January 19, 2021 as the target date for passage of the budgets, while the statutory deadline for passage is March 31, 2021.
By Tim Schneider, Toledo Regional Chamber of Commerce Registration is now open for the 20th edition of the Toledo Regional Chamber of Commerce’s public service leadership program which begins in January. The Institute for Leadership & Advocacy is designed to build and strengthen our region’s leaders to help them serve their communities and work with public officials. The program is the longest-running of its kind in the state and has to date graduated more than 400 leaders in our region.
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