Economy in Toledo
Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.
Economy in Toledo, Visayas
Toledo's economy is undergoing a period of revitalization and diversification, with key industries including Health Care & Social Assistance, Manufacturing, and Retail Trade being major employers. The city has seen a positive trend in job creation, with employment growing at a rate of 0.841% from 2023 to 2024. Notably, Toledo gained 2,000 jobs in April 2026, contributing to an average of 152 new jobs per month over the past five years. The glass and solar industries are experiencing significant growth, bolstered by substantial investments and grants aimed at fostering innovation and creating new jobs. Toledo's commitment to fostering a strong business environment has earned it recognition among the top 10 cities nationally for new business investment in 2024.
Economy & Jobs
Top Industries
About Toledo, Visayas
Toledo, Ohio, often referred to as 'The Glass City' due to its rich history in glass manufacturing, is a vibrant city situated at the western end of Lake Erie along the Maumee River. The city serves as a significant port on the Great Lakes and is known for its affordable living and strong sense of community. Toledo has been recognized for its economic development efforts, with significant investments in revitalizing its downtown area and fostering new businesses. Its strategic location offers residents access to major metropolitan areas like Detroit and Ann Arbor, while maintaining a distinct local character. The city attracts individuals and families seeking a balance of urban amenities, cultural attractions, and access to natural spaces.
About Visayas
The Visayas, located in the central Philippines, is an island group known for its diverse landscapes, vibrant culture, and relaxed lifestyle. The economy is driven by a mix of agriculture, with products like sugarcane, corn, and rice, and a growing services sector, particularly tourism, IT-BPM, manufacturing, and construction. The climate is tropical, characterized by warm temperatures and high humidity year-round, with distinct wet and dry seasons and susceptibility to typhoons. Living costs in the Visayas are generally lower than in major metropolitan areas like Metro Manila, making it an appealing option for those seeking a more affordable lifestyle.