Economic Development

Our Geographical Advantages

  • Located at the intersection of the new US 24 freeway and SR 64 (exit 63)
  • 3 miles to I-475/US 23 and the Shops at Fallen Timbers Shopping Center
  • 5 miles to the Arrowhead Park Development
  • 8 miles to I-80/I-90 (Ohio Turnpike)
  • 12 miles to Toledo Express Airport
  • Centrally located in the Anthony Wayne School District Community

Our Contact Information

Phone: 419.878.8100
Email: townhall@cityofwaterville.org
Hours: Monday – Friday: 8 AM – 4:30 PM

Business Development Opportunities

01. Fallen Timbers Business Park (FTBP)

Developed in 2007 on the south side of Dutch Road less than ½ mile west of the Anthony Wayne Trail by local business owner Thomas Duvall with assistance from the Village (now City) of Waterville, FTBP is zoned Planned Business Park, a flexible zoning classification that allows any uses permitted in C-1, C-2 and M-1 Districts such as offices, restaurants, retail sales, manufacturing and warehousing. An Architectural Review Committee and deed restrictions/site development standards are in place to assure a consistently high quality within the development

02. Villages at Waterville Landing

A mixed-use project developed by Farnsworth Investors along SR (State Route) 64 at the US 24 interchange. Current anchors are a supermarket, gas station, pharmacy and a bank branch.

03. Waterville Plaza

A 5-acre commercial shopping plaza at intersection of Michigan Ave (SR 64)/ Waterville-Monclova Road. It is in close proximity to many residential neighborhoods.

04. Farnsworth Industrial Park

Primarily an area for light industry along Waterville-Monclova Road between South River Road and Farnsworth Road, the Farnsworth Industrial Park was conceived by local resident J. Willard Farnsworth and incorporated in 1980. The park originally consisted of approximately fifty-nine (59) acres and had been part of the W.G. Farnsworth Orchards.

05. Historic Downtown Waterville

Our attractive traditional downtown retail/office area is centered at Third Street/Farnsworth Road and has recently completed streetscape improvements.

06. City Farm Property – Choctaw Drive

43-acre tract with water and sanitary sewer service directly south of Fallen Timbers Business Park and designated by the City’s 2012 Comprehensive Plan as a future planned business park.

07. Waterville Area Chamber of Commerce

The Waterville Area Chamber of Commerce lists many of the available Commercial properties in Waterville on the business development page of their website.

Economic Development Programs

01. Waterville Job Creation and Retention Grant

A Job Creation and Retention Grant Program, which provides annual cash payments to qualified businesses locating or expanding employment within the City is available. A portion of the income tax paid to the City by company employees is remitted to the company in the form of a grant based on the number of new jobs and the related annual payroll. Additional information on this program is available here: Job Creation Grant.

02. Community Reinvestment Areas (CRAs)

Tax abatement on new construction is available for certain non-retail projects within one of the City’s three CRAs. The abatement may be up to 100% on real property improvements for up to 10 years. A School Donation Agreement equal to the reduction in revenue to the school districts is required. If interested, please fill out the Community Reinvestment Application and submit it to the City. CRAs Map

03. Additional Programs and Services

Many other programs and services are available through the Federal government, State of Ohio, Lucas County, the Toledo/Lucas County Port Authority, the Regional Growth Partnership, the Lucas County Economic Development Department and the Waterville Economic Development Corporation. The City can assist in contacting the agency appropriate for a particular project. Give us a call for any assistance you may need at 419-878-8100.