The City of Toledo Expansion Incentive Program in Ohio offers annual grant awards based on the growth of municipal income taxes received and retained by the City, exceeding expected revenue benchmarks. The grant is tied to the actual growth in annual municipal income tax generated from eligible new employees and associated payroll. The program aims to attract and retain companies in target industries while increasing high-paying job opportunities for Toledo residents. Eligible applicants must be business entities located in or considering locating in Toledo, creating a minimum of 10 full-time W-2 jobs within 3 years, complying with the city's Living Wage requirements, and maintaining good standing with governmental entities. Eligible new employees are those hired or relocated to Toledo after the effective date of the grant agreement, working at the project site and receiving a Living Wage. For more information, visit Toledo Expansion Incentive Program.