Exchange Database

Toledo goes to China: can small cities go it alone on the global stage?

With a population of about 300,000, Toledo is just one of many cities in the US and across the globe that flies largely under the radar. Deindustrialisation hit Toledo hard; the local newspaper, the Toledo Blade, counts 140 factories that have closed since 2000 alone. But beyond the plant closings and the civic struggles, today Toledo is making positive global headlines for something other than shuttered malls and urban decay: for the millions of dollars in Chinese investment it is attracting. Chinese investor groups have bought the Park Inn Hotel and Seagate Hotel downtown. Another Chinese group purchased a large tract of land on the waterfront for a "new urbanist"-style marina, which will include a mix of residential, retail and commercial uses. Ten separate Chinese companies have established sales offices in the region.
Outcomes: 
Cities, big and small, now trade not just provincially or nationally, but globally. While full recovery for Toledo, and a potential harvest of significant jobs from its Chinese efforts, might be a way off, the fact that foreign investors are putting money into property in the urban heart of the Rust Belt shows how small cities can carve out a place for themselves on a global scale.
Government?: 
Yes
Type of Exchange: 
business
Partners: 
Toledo local government
Participants (Types): 
Chinese investors, Toledo government officials
Exchange Date: 
Thursday, May 15, 2014
Continuing: 
No
Image: 
Level of Government: 
local
Location: 
Toledo, Ohio
*If you know more about this exchange, please contact us.

Contribute to Database

Please tell us about U.S.-China exchanges that are not yet included in the database.

Commission Report

Polls show Americans and Chinese are becoming less trustful of each other’s country. The Commission assesses the problem and offers recommendations to foster greater U.S.-China collaboration and understanding.

Sign up for our mailing list