Finkbeiner and Ohio Dept. of Development announce HCR Manorcare deal

From a news release from the City of Toledo:

Today Mayor Finkbeiner announced one of the most important economic development deals of 2008.

At a press conference today, Mayor Carty Finkbeiner spoke about the submission of an incentive package to City Council, aimed to keep HCR ManorCare in Toledo. For the last year-and-a-half, the City of Toledo's Department of Development and the Ohio Department of Development, have been working with Lt. Governor Lee Fisher, Ohio State Senator Mark Wagoner, Lucas County, Toledo-Lucas County Port Authority, and HCR ManorCare CEO Paul Ormond to develop an incentive package to retain HCR ManorCare in Toledo.

HCR ManorCare was presented with incentives from the states of Kentucky, Indiana, and Tennessee to relocate their headquarters ... and 684 Toledo jobs.

Toledo City Council is scheduled to vote on the incentive package next Tuesday, October 7. It is estimated that not only will this package keep HCR ManorCare and its 684 jobs, but that it will help create 52 new jobs over the next year.

This morning, HCR ManorCare released this statement:

"HCR ManorCare has been proud to call Toledo, Ohio the home of our corporate headquarters for more than 20 years.  Since moving into our current headquarters location on Summit Street 10 years ago, we have more than tripled our employee base in downtown Toledo.  This is an increase of about 500 full-time workers, who support our national network of more than 500 facilities and nearly 60,000 employees, and who have helped make an ongoing difference in our community by volunteering their time and talents.  We have been gratified by the bipartisan support we have received in recent months from Governor Strickland, Lt. Governor Fisher, State Senator Mark Wagoner, State Representatives Randy Gardner and Barbara Sears, Mayor Carty Finkbeiner, the Ohio Department of Development, the Toledo-Lucas County Port Authority and other local officials.  This support will enable us to remain at our current location in a community where our employees can thrive both in their personal lives and their careers and we can continue our growth."

This afternoon, the finance and tax credit incentives presented by the Ohio Department of Development were approved by the State of Ohio. Mayor Finkbeiner urges City Council to unanimously approve the incentive package, which will ensure that HCR ManorCare remains one of Toledo's most important companies.