Effective 2020, the separate micropolitan areas of Findlay, Fremont, and Tiffin were combined with the Toledo MSA to form a larger Toledo-Findlay-Tiffin Combined Statistical Area. However, when the metropolitan area delineations were published in July 2023, these micropolitan areas were detached.[1]
This Wind Turbine in Bowling Green is one of the many wind turbines in rural Northwest Ohio areas.
According to a 2015 article, there were three Toledo companies that made the Fortune 500 list. #399 is Owens-Illinois (O-I), which specializes in glass and glass packaging. #410 was Dana Corporation which is a global leader in the supply of thermal-management technologies among many other specialties. Lastly, at #498, Owens Corning is the world leading provider of glass fiber technology.[3] Just outside of the Toledo metropolitan in neighboring Findlay, Ohio, #25 Marathon Petroleum Corporation is headquartered. There has been a recent revitalization of Downtown Toledo and the Warehouse District, bringing in many new restaurants and bars to the area.
The economy of Toledo has been heavily influenced by both the economy of nearby Detroit and agriculture. Recently, health care and technology firms have tried to make their way into the metropolitan, though growth in those sectors has been slow. Instead, Toledo and its suburbs are still home to several manufacturing and construction businesses and factories. The Bureau of Labor Statistics reported, in 2015, that manufacturing employment in Toledo had grown by 4.1% between December 2013 and December 2014 (this was double the rate than the United States average). More so, construction job growth grew by nearly 10% in the same time period. In 2014, manufacturing added 1,700 jobs to the Toledo area, but it also saw losses in the business services. In 2014, the US Census Estimated there were roughly 285,000 people employed in the Toledo metropolitan area.[4] In August 2015, it was reported that Toledo's unemployment rate reached a 10-year low, and in June 2015 just 5% of the regional population was unemployed, whereas the United States average unemployment was at 5.3% during the same period.[5]
As of the census[8] of 2010, there were 659,188 people, 259,973 households, and 169,384 families residing within the MSA. The racial makeup of the MSA was 83.03% White, 12.01% African American, 0.25% Native American, 1.07% Asian, 0.02% Pacific Islander, 1.79% from other races, and 1.83% from two or more races. Hispanic or Latino of any race were 4.35% of the population.
The median income for a household in the MSA was $42,686, and the median income for a family was $51,882. Males had a median income of $38,959 versus $25,738 for females. The per capita income for the MSA was $20,694.
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