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:
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
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: email@example.com or by telephone
at (419) 255-8406 x 304