Toledo jumps 49 spots in performance index - 13abc.com Toledo (OH) News, Weather and Sports

Toledo jumps 49 spots in performance index

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TOLEDO, Ohio -

A national report indicates Toledo's economy is on the upswing.

The Glass City shot ahead 49 spots in the Milken Institutes annual index of best performing cities. Toledo now sits at 131 on the list of the 200 best performing metro areas. It's the city's highest rating in the last decade and one of the biggest improvements by any city this year. The Milken Institute evaluates it's performance ranking on several factors, job creation, wage improvement and quality. Michael Veh from The Source says the focus on boosting education levels has led to more jobs and higher paying jobs.

"It's not like the old manufacturing jobs. It requires a little more training and education and I think people are starting to understand that and a reworking toward that. It's positive for longtime growth.", says Michael Veh, The Source." says Michael Veh, The Source

The report credits Toledo's growing auto market. Councilman George Sarantou says the growing number of jobs at Chrysler and GM have been the city's driving force to becoming noticed.

"We've always been known as a manufacturing hub and that just proves the point that with the jeep operation and the GM power rain operation, not only are those plants going well, more people are being hired especially at Jeep, a thousand hired in. We expect more people to be hired with new line they're putting in.", says George Sarantou, Toledo City Councilman

Sarantou calls the men and woman who work at the plants a first class workforce and if it wasn't for them, Chrysler and GM would move elsewhere. Bottom line, all the work happening at the plants is having a ripple effect.

"Gasoline sales, carry outs, groceries, department stores. All those benefit because people are working and they are spending money.", says Sarantou

Experts say Toledo is on the right track to climb even higher on the list of best performing cities. The key is maintaining momentum. Other Ohio cities showed some movement. Columbus moved up 16 spots to 37th on the list. Meanwhile, down south, Dayton fell 55 spots to 172nd.

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