New businesses mean more revenue for city of Sylvania - Toledo News Now, News, Weather, Sports, Toledo, OH

New businesses mean more revenue for city of Sylvania

SYLVANIA, OH (Toledo News Now) -

The City of Sylvania is having its best year since the recession when it comes to business development.

City officials say 18 new businesses have opened their doors in Sylvania so far in 2013, more than the city saw in all of 2012. New businesses mean new jobs, and more income tax revenue for the city.

"Since 2009, the city has been increasing its income tax at a rate of over 3 percent per year. And, we're projecting by the end of 2013, since 2009, that's over a million dollars that our income tax has increased," said Sylvania Economic Development Director Bill Sanford.

Sanford says the city is projecting a 4 percent increase in 2013 thanks in part to new businesses.

Lilly Whiteston has brought in five new jobs, Interrupt Marketing added 20, and may be looking to expand. The Paul Mitchell School of Cosmetology has already created five new jobs, and could employ more than 30 within a year.

"We really found that this place here on Monroe Street is just a great location as far as busyness, the street you know - there's tons of businesses here and we just want to add to the community," said Paul Mitchell Director Lisa Tilton.

The city's Chamber of Commerce has also seen the benefits, adding several new members.

Mobile users, click on the "Video" button in the app to watch this story. Download our app here.

Copyright 2013 Toledo News Now. All rights reserved.

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