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We believe in sharing your stories.

Toledo SBDC Hosts Event to Forecast the Future of Manufacturing in NW Ohio

5/20/2016

1 Comment

 
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By: Emily Dammeyer, Communications Manager, Toledo Regional Chamber of Commerce
In the heart of National Small Business Week, area manufacturers got together for lunch to share industry news, get an idea of where manufacturing is headed in Northwest Ohio, and to help forecast the future in order to help impact buying decisions.

The event, held at American Manufacturing, was hosted by the Toledo SBDC and the SBA. In addition to the 15 manufacturers in attendance, Congresswoman Marcy Kaptur, Gil Goldberg, Cleveland District Director of the SBA, Teresa Smith, Toledo Lucas County Port Authority, Jessica Ice, Research Analyst Federal Reserve, and staff of the Toledo SBDC and Toledo Regional Chamber of Commerce were in attendance.

​A lively discussion followed lunch, and each attendee had the opportunity to share their challenges and successes, as well as seek advice from the group. Many shared that they are incredibly busy, and while busy is great for business, they all share the challenge of filling their workforce. The manufacturing industry as a whole has found that skilled trade workers are hard to find and that the time and cost that goes into screening new employees is staggering. This industry too, is feeling the impact of drug abuse in relation to filling the workforce.
​“The discussion of the manufacturers in attendance all agreed the most pressing issues they have in finding new employees is not just training, but softer skills like 'coming to work on time every day' and being able to pass drug tests.” – Charlie Chambers, Lead Consultant, Toledo Small Business Development Center
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Chuck Gotberg, President of American Manufacturing, recommended that business owners try to promote an internal employee referral program. He told the group that he finds great success in sharing open positions with his employees and having them refer their friends and family to the company. Another employer told the group that they have a comprehensive, in-house apprenticeship program to help develop the future generations of the workforce.

​Teresa Smith shared with the group that The Toledo Lucas County Port Authority has been offering innovative financing solutions for businesses throughout Northwest Ohio since 1988.  The Northwest Ohio bond fund can facilitate transactions between $2-9 million, while the SBA504 and the Regional 166 loan programs provide loans from $500,000- $5.5 million.  The newest offering, the Microenterprise Development Initiative, provides start-up capital, working capital and expansion capital for new and existing business with loans starting at $500 and ranging up to $350,000. Additional details and applications for these programs are available on their website.
​“We have a myriad of customizable funding solutions to meet the needs of businesses both large and small.  We also offer long-term fixed rate financing for business that want to improve the energy efficiency of their existing facilities through our BetterBuildings of Northwest Ohio program.” – Teresa Smith, Toledo Lucas County Port Authority
Jessica Ice, a Senior Research Analyst from the Federal Reserve Bank of Cleveland, provided an economic update on national and regional economic conditions. She highlighted that Toledo’s concentration of automotive and aerospace manufacturing was helping to boost economic activity and tighten labor market conditions in the region. For more information on economic conditions in the Toledo area you can check out the MetroMix publication provided by the Federal Reserve Bank of Cleveland.
“The SBA roundtable was a great opportunity to get small businesses perspective on regional economic conditions. Insights on the day to day operations of small businesses really help give to give context to regional data.” – Jessica Ice, Federal Reserve Bank of Cleveland
Congresswoman Kaptur, who fully supports the efforts of the SBA, recognizes that as a port city Toledo has the ability to reach the world. She charged the group to pool their resources and capitalize on our unique geographical and manufacturing opportunities. 
“We are a manufacturing center…we know how to put head to hand and be incredibly innovative. Let’s pool our resources and do it!” - Congresswoman Kaptur

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Emily Dammeyer is the Communications Manager at the Toledo Regional Chamber of Commerce. She has a background in Social Media Management and received a degree in Organizational Communication from Miami University.
 

Please contact Emily Dammeyer, Communications Manager, Toledo Regional Chamber of Commerce to submit a story for our blog.
1 Comment
Garrett Burkhart link
5/11/2017 05:44:22 pm

RE: Purchase 2015 Putnam Street, Toledo outright or Co-Partner with Thomas M. Wernert Center / Lucas County Board of Mental Health
Purchase of 2015 Putnam Street, Toledo for the consulting fee amount.
Lucas County Board Of Mental Health Scott Slylak allocated $75,000. to the Thomas M. Wernert Center to hire a consulting firm to assist in development of the expansion plans of the Wernert Center due to overcrowding of the current facility and the Board's Vision of expanding peer support and consumer operated services to see about purchasing 2015 Putnam Street, Toledo. (See Feb 3, 2015 meeting minutes see on-line)
We’ll take the consulting fee for 2015 Putnam Street.
2015 Putnam Street, Toledo asking price range of $75 - $499,000. This is the last piece of property on the block that The Thomas M. Wernert Center does not own in their expansion process. The Zepf Center is across the street as well. So you could purchase 2015 Putnam Street and co-partner with the Mental Health Community. ( Seventy-Five Thousand Dollars is the amount the Lucas County Board of Mental Health allocated to the Thomas M. Wernert Center to hire a consulting firm to see about acquiring 2015 Putnam Street. So we would take the consulting fee for the property. Keep in mind the portion of the adjacent alley comes with 2015 Putnam Street. So the land is more than what appears at first glance.
I would like you to speak up and convey these two proposals.

The other is 1850 W. Alexis Road Toledo parcel #2334024 listed for sale for merely $125,00. would be an amazing opportunity for you to build a building. 1850 W. Alexis Road is over 1.3 commercial acres. This is across the street from K-Mart.
If you need additional land, both adjacent properties to 1850 W. Alexis Road are for sale and available. 1842 W. Alexis parcel 2334031 (.317 commercial acre) is listed for sale for merely $50,00. 1856 W. Alexis Road is available, parcel 2334007, which is .1194 acre.
Please help and in so doing you would be helping others who really need help.
Thank you in advance for your help. (My mother graduated from Waite and my father from Scott )
Sincerely,
Garrett Burkhart ('82 St. Francis )
11851 S. Carson Way
Gold River, CA 95670-8116
(916) 836-9490
email gnfortord2001@yahoo.com

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