Came across this Wall Street Journal article and posting it here since it mentions Toledo.
Here is the first paragraph:
"A number of cities, such as Kalamazoo, Mich., and Toledo, Ohio, are offering grant money and tax breaks to high-tech start-ups, just as the usual venture-capital hot spots, such as Silicon Valley and Boston, continue to see a pullback in venture lending. Many of the nontraditional cities require that start-ups receiving grants invest in their area, leaving companies little choice but to locate -- or relocate -- their businesses." -WSJ
Doesn't surprise me one bit, Toledo hasn't been a hot bed for high tech jobs and probably will never be. Our very lazy city leaders chose to only invest in manufacturing jobs, which is why Toledo is suffering now. If they would have diversified into other areas or at least saw what type of degrees are coming out of UT and made the effort to attract the businesses that would offer those type of jobs, along with attracting manufacturing jobs, then I doubt we would be in the finical mess we are in right now. Instead our "wise" city leaders chose to put their eggs in one basket and those eggs are all smashed now in their faces. I don't feel sorry about their money crisis because it was our leaders that made it, not the citizens. It's sad because I know that Toledo has the structures in place to support this idea, but no one has thought of it as far as I know.
Xavier you pretty much missed the point of that article entirely.
Um... yeah. What slowsol said.
I thought the article exemplified another example of gov't money (read: OUR $) being given to private companies that don't have enough of their own.