Toledo falls on Forbes 'Best Places for Business' list
Fri, 27 Jul 2012 08:11:33 GMT —
A new list released by Forbes shows that Toledo has fallen in the rankings of top cities to do business in. Forbes' 2012 Best Places for Business and Careers list takes the cost of operating a business, job growth, education, and population into account. Eight cities in Ohio were included in its list of 200 of the nation's largest metropolitan areas. Toledo ranked 182nd on the list.
With a metropolitan population of 650,400, Toledo and its economy are influenced heavily by the surrounding educational institutions and the promise of the alternative energy industry, according to Forbes. Analysts say the way for Toledo to improve its ranking in the business sector is by moving away from the automotive sector.
In 2011, the city ranked 178th, down from 169th in 2010. Columbus was the highest-ranked Ohio city. They came in at number 24. Cincinnati was the next ranked Ohio city, at number 104. Youngstown was the only Ohio city to be placed below the Glass City. Number one on the list? Provo, Utah.