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ONE Village is home to some of the last remaining active neighborhood business districts in the greater Toledo area, with nearly 400 businesses and organizations operating in ONE Village and almost 100 on Lagrange Street, the central commercial corridor through ONE Village.

Summit Street traverses the Vistula Historic District along the Maumee River connecting downtown Toledo with Point Place. Cherry Street is home to St. Vincent Mercy Medical Center and Central Catholic High School. Manhattan Boulevard is a picturesque oasis with residential and commercial hubs such as the Joe E. Brown recreational fields, the Manhattan Plaza retail center, the Lagrange Branch Library, and a small corridor of light industrial and manufacturing businesses.

Stickney Avenue mixes residential with neighborhood businesses such as Stanley’s Market and Los Amigos Family Restaurant and is also home to the new Woodward High School. And the Galena “Main Street” District connects Summit Street from the riverfront to the new Glass City Veterans Memorial Skyway bridge over I-280.

The commercial trade area of ONE Village business districts includes nearly 12,000 households with more than 30,000 residents. There is a significant youth and family market, with a very high population and household density that peaks in the heart of the business district on Lagrange Street. There is also an intense concentration of retail spending power per square mile in ONE Village:

  • $50 million a year retail market within walking distance
  • $135 million a year retail market within one mile
  • $790 million a year retail market within three miles.
 
     
 

 
     
 

Business owners are encouraged to invest in their businesses through low-interest loans available from the City of Toledo. Parameters, conditions, and specifics vary with each program, depending on the amount borrowed and use of funds. Here are some options:

ENTERPRISE DEVELOPMENT LOAN:
Available through the City of Toledo, the Enterprise Development Loan (EDL) program encourages private lenders to provide credit to businesses experiencing difficulty in securing financing. Its primary goal is the retention and creation of jobs for low-to-moderate income residents of the city by providing term financing at attractive rates.

CRA TAX ABATEMENT:
This program provides tax breaks for new construction or rehabilitation of existing structures in Community Reinvestment Areas (CRAs). Residential, commercial, or industrial projects in designated CRAs are exempt from paying increased taxes resulting from new construction or improvements for a specified time period.

Successful projects that impact the image and profitability of our neighborhood business districts don’t just happen by magic. Each requires dedicated volunteers willing to donate a few hours a month toward their business district. To stimulate economic development in the context of historic preservation, the ONE Village business district improvement program has embraced a four-point approach to business district revitalization that focuses efforts on design, economic restructuring, marketing and promotions, and organization. This effort is spearheaded by the Business Renaissance Committee.

BUSINESS RENAISSANCE COMMITTEE:
The Business Renaissance Committee is the governing board for our business districts with a major focus on business recruitment and retention with attention to effective marketing and promotions of the business district and the appearance of our many historical commercial buildings.

Their major accomplishments include the establishment of a business district association and the redevelopment of four long-neglected commercial buildings in the 2800 block of Lagrange Street (click here for rental information), as well as the redevelopment of two commercial buildings on Galena Street, 3101 Lagrange Street (the "old library building"), and the Ohio Theatre on Lagrange Street (see our web site's Home Page for how you can help),

The committee is also working to promote a positive image of our business districts. They are responsible for communications, publications, and special events, as well as the appearance of our business districts, including streetscape maintenance, facade upgrades, and signs and zoning issues.

For more information on any of these programs, contact United North via e-mail at: nmorey@unitednorth.org or by telephone at (419) 255-8406 x 304

 
 

 

COMMUNITY PARTNERS AND LINKS:

City of Toledo, Department of Development

 

Economic Community Development Institute

Toledo Choose Local

 

Heritage Ohio

 

The Main Street Four-Point Approach    

 
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