NORTH JACKSON — A Canfield-based real estate investment company has been awarded a $2 million loan from the state to develop a new industrial park on Mahoning Avenue just west of the Macy’s distribution center.

Top Property Holdings LLC will use the funding to help finance a 76,000-square-foot warehouse and light manufacturing building at the 45-acre site, according to a release Monday.

Construction is part of phase one of development of the site. The loan will also support building roads and utility infrastructure.

The funding is through the state’s Rural Industrial Park Loan Program, which provides low-interest, direct loans to finance the development and improvement of industrial parks and related infrastructure improvements.

Approximately 66 jobs are expected to be created as a result of the project.

“Investment in our companies is key to long-term growth and success,” Lydia Mihalik, director, Ohio Department of Development, said. “Expansion projects like these not only benefit the company, but their current and future employees, and their local community, all in the heart of opportunity.”

According to the Ohio Secretary of State’s Office, Top Property Holdings LLC was formed in February 2022 by Gregory Toporcer of Canfield.

He was left messages seeking comment Monday afternoon.

Toporcer is affiliated with other local companies, including Discover Global LLC in North Lima. The company, according to its website, provides supply-chain solutions for metals, plastics and assembling for various industries.

Its headquarters is in North Lima, but the company has offices in China, India and Taiwan, the website states.

According to a post on the website from March, Discover Global was named No. 148 in the Midwest region as one the largest and fastest-growing companies since 2020 by Inc. magazine.