Fostoria works to restore local economy - Toledo News Now, Breaking News, Weather, Sports, Toledo

Fostoria works to restore local economy

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FOSTORIA, OH (Toledo News Now) -

A city hit hard by tough times is now fighting back – the City of Fostoria is working hard to boost its own economy.

The Fostoria Economic Development Corporation (FEDC), part of the Fostoria Chamber of Commerce, was founded in 1982 to help Fostoria businesses grow and to draw new businesses to the area.

Wednesday night, the FEDC received their yearly continuance of $30,000 from city council.

Through the recession, the FEDC focused on retaining current business in the area. Now they are working to bring more business and jobs to the city. But the process is a slow one, according to Director Joan Droll.

"Across the board, a lot of companies and communities have been hurt," Droll said. "We are making some headway with businesses bringing back the number of employees that were furloughed, but it's a slow process."

Droll also said the FEDC will be making a big announcement next week.

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