Author Topic: Columbus: General Business & Economic News  (Read 22025 times)

0 Members and 1 Guest are viewing this topic.

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #780 on: May 14, 2018, 08:26:05 PM »
Another Amazon fulfillment center is coming to Central Ohio!

This would be the fourth major sorting center in Central Ohio for Amazon.  The two main fulfillment centers are east of Columbus in Etna and south of Columbus in Obetz near Rickenbacker Airport.  A third, smaller center that focuses on the company's one-hour delivery service is located in west Columbus.  All combined, they provide 4,500 jobs (well above the company's initial commitment of 2,000 for Central Ohio).

Those are in addition to three data centers built in Central Ohio by its technology affiliate, Vadata.  These three data centers created 120 jobs in a $1.1 billion investment.  Amazon has said they plan to build up to 15 data centers in Central Ohio.



Amazon wants to build fourth fulfillment center here, add 1,500 jobs
By Tristan Navera  – Staff Reporter, Columbus Business First
Posted:  May 14, 2018, 5:01pm EDT


Amazon is planning to build a sorting facility in West Jefferson, creating 1,500 full-time jobs.  The online retail giant intends to build an 855,000-square-foot sorting facility at 1550 W. Main Street in the Park 70 at West Jefferson development. According to Amazon, the facility would open by late 2019.

Duke Realty, which has developed the existing warehouses on that site, would develop this one as well, according to documents submitted to the state. ... The development would be a substantial addition to the warehouse park.  It was recently announced that Duke had sold four existing buildings in the park just to the north – 3.8 million square feet – in a $232.5 million deal to Toronto-based Granite Real Estate Investment Trust.

The sale of the buildings to Granite likely will free up capital for Duke to reinvest in building this new distribution center.  This has been a long-term strategy for the developer as it seeks to finance huge warehouse projects as e-commerce drives a boom in demand.

MORE: https://www.bizjournals.com/columbus/news/2018/05/14/amazon-wants-to-build-fourth-fulfillment-center.html
#SaveTheCrew -- https://savethecrew.com/

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #781 on: May 15, 2018, 12:32:42 PM »
More about the Amazon fulfillment center announcement from the Dispatch:

http://www.dispatch.com/business/20180514/amazon-to-build-distribution-site-in-west-jefferson-add-1500-jobs


The Dispatch article notes that this announcement comes as Seattle-based Amazon says it is still researching sites for their HQ2 second headquarters project.  Columbus is one of 20 finalists for the HQ2 project that promises 50,000 jobs and a $5 billion investment.  In the article, it is said that Amazon is expected to announce the winner this year.

There's been some speculation here at UO as to whether this fulfillment center announcement is good news, bad news or no effect for the Columbus HQ2 bid - (in the Madison County projects thread at https://www.urbanohio.com/forum/index.php/topic,5521.msg913187.html#msg9131870.
#SaveTheCrew -- https://savethecrew.com/

Offline DarkandStormy

  • Jeddah Tower 3,281'
  • *****
  • Posts: 4020
Re: Columbus: General Business & Economic News
« Reply #782 on: May 17, 2018, 01:33:22 PM »
http://money.cnn.com/2018/05/16/technology/amazon-hq2-arlington-texas/index.html

Texas city (Arlington) reveals why it lost Amazon HQ2 bid

Quote
"I think they're looking for a more advanced urban setting," Mayor Jeff Williams told CNNMoney.

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #783 on: May 19, 2018, 12:47:32 PM »
Digital auto insurer Root to move to Columbus Commons, add 460 jobs
By Carrie Ghose  – Staff Reporter, Columbus Business First
Updated: May 18, 2018, 5:25pm


Root Insurance Co. plans to grow to nearly 550 employees and is moving its headquarters to the '80 on the Commons' mixed-use building under construction alongside downtown's Columbus Commons Park, according to City Council documents.

Just over two years old, the Columbus auto insurer offers paperless signup and management of a policy through a mobile app, which also measures driving habits so only safe drivers can enroll.  The company sells online, eschewing agents, and its data-driven model results in big discounts on premiums.

Root in March closed a $51 million venture capital round led by Redpoint Ventures, along with Scale Venture Partners and returning investors Ribbit Capital and Silicon Valley Bank Capital Partners, all in the San Francisco and Silicon Valley region.  The company has "unicorn potential" – tech slang for greater than $1 billion in value – to grab a sizable portion of the $220 billion auto insurance market

The company plans to lease 65,000 square feet in the 12-story office, retail and apartment building under construction at 80 E. Rich Street, with a goal to move in October. ... As of March, Root had 85 employees at 34 W. Gay Street.

MORE: https://www.bizjournals.com/columbus/news/2018/05/18/digital-auto-insurer-root-to-move-to-columbus.html
#SaveTheCrew -- https://savethecrew.com/

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #784 on: May 19, 2018, 12:48:04 PM »
The Dispatch is reporting that next Monday’s meeting of the Ohio Tax Credit Authority will have seven Central Ohio projects on the agenda that are projected to add nearly 3,000 jobs:

http://www.dispatch.com/business/20180518/central-ohio-due-for-3000-more-jobs-including-from-root-insurance-dollar-tree



Half of those projected new jobs are for the previously reported fourth Amazon distribution center for Central Ohio that will add 1,500 jobs by the end of 2019.  The next biggest job creator on the agenda is for the rapidly-growing internet-only auto insurer Root Insurance to add 460 jobs in Downtown Columbus (see the previous post).

The next largest project is a Dollar Tree distribution center planned along I-71 in Morrow County that would create 400 jobs.  Projects in Delaware County, Groveport/Obetz, Grove City and Dublin round out the Central Ohio projects on the Tax Credit Authority's agenda.
#SaveTheCrew -- https://savethecrew.com/

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #785 on: May 21, 2018, 03:40:58 PM »
Came across these two venture capital funding stories from a recent Columbus Business First morning roundup:  https://www.bizjournals.com/columbus/news/2018/05/17/cbf-morning-run-losing-sleep-over-amazon-and-the.html

Raising big bucks (Part 1)

PriorAuthNow Inc. – a fast-growing startup that automates the laborious, complex process of obtaining “prior authorization” from insurers to cover a test or procedure – has closed on $10.57 million in funding led by a venture capital firm that's new to investing in Central Ohio.

Atlanta-based BIP Capital led the round, with participation from Columbus-based NCT Ventures and Dan Gilbert's Detroit Venture Partners, who are re-upping from a $3.6 million round they led just last August.

More about this in a pay-walled story from Business First: 
-
Inside the deal: How a hospital executive's VC connection led to a $10.6M Series A round for PriorAuthNow
#SaveTheCrew -- https://savethecrew.com/

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #786 on: May 21, 2018, 03:41:11 PM »
Raising big bucks (Part 2)

Beam Dental has raised $22.5 million in a round led by Kleiner Perkins, one of the oldest and largest Silicon Valley venture capital firms.

This Columbus tech company that pairs dental insurance with an internet-connected toothbrush also announced Wednesday that it's opened a new headquarters and plans to create 75 jobs over three years.

Beam had incubated in Drive Capital's Columbus office located in the Short North since the VC firm moved it from Louisville in 2014.  In April 2018, it moved to 266 N. Fourth Street in Downtown Columbus.  It has nearly 40 employees today in Columbus and at a Dayton toothbrush factory.

More about this in a non pay-walled story from Business First: 
-
Beam Dental raises $22.5M from Kleiner Perkins, opening new Columbus HQ
#SaveTheCrew -- https://savethecrew.com/

Offline ColDayMan

  • ♫ An Apollo Legend ♫
  • Administrator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 21984
    • UrbanOhio
Re: Columbus: General Business & Economic News
« Reply #787 on: May 23, 2018, 11:00:47 PM »
Chipotle bringing jobs to Columbus as it moves its corporate headquarters



Of all the changes Chipotle Mexican Grill is making, this is by far the biggest: The company is bailing out of Denver 24 years after its founding in the city.

Chipotle CEO Brian Niccol, hired this year to replace chain founder Steve Ells in the day-to-day running of the company, announced Wednesday that the company will relocate its headquarters to Newport Beach, California, with other corporate functions moving to an existing office in Columbus.

More below:
https://www.bizjournals.com/columbus/news/2018/05/23/chipotle-bringing-jobs-to-columbus-as-it-moves-its.html
"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Online GCrites80s

  • Jeddah Tower 3,281'
  • *****
  • Posts: 9000
  • 1492 or 4,192?
Re: Columbus: General Business & Economic News
« Reply #788 on: May 24, 2018, 12:21:56 AM »
Bbbbbut, companies leave California because of high taxes! [/republicans]

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #789 on: May 24, 2018, 12:20:23 PM »
Chipotle bringing jobs to Columbus as it moves its corporate headquarters

Of all the changes Chipotle Mexican Grill is making, this is by far the biggest: The company is bailing out of Denver 24 years after its founding in the city.

Chipotle CEO Brian Niccol, hired this year to replace chain founder Steve Ells in the day-to-day running of the company, announced Wednesday that the company will relocate its headquarters to Newport Beach, California, with other corporate functions moving to an existing office in Columbus.

More below:
https://www.bizjournals.com/columbus/news/2018/05/23/chipotle-bringing-jobs-to-columbus-as-it-moves-its.html


Bad news for Denver.  Good news for Newport Beach and Columbus.  But honestly, my biggest takeaway from this news was "There's a Chipotle corporate office in Columbus?"

Yes there is!  It's located in a Polaris office building next to the Polaris Hilton and across the street from the Polaris Mall.  And it already employs 100 people.  With these relocations 150 new employees will be added to that Polaris office.

According to this pay-walled article - https://www.bizjournals.com/columbus/news/2018/05/23/heres-whats-likely-behind-chipotles-decision-to.html - the new CEO of Chipotle (who was previously CEO of Taco Bell) is from Southern California and “this would appear to be about Brian Niccol and the recruiting of him and hiring him,” said Dave Henkes, a senior principal at Chicago-area restaurant analytics and consulting firm Technomic. “It was probably included as a condition in his deal.”

According to the local article on this, the Newport Beach location will serve as the headquarters for the company's operations, business development, marketing, communications, finance, supply chain, food safety, technology, HR and other corporate functions.  The Columbus office at Polaris will have "support functions" for Chipotle.  They didn't enumerate what those support functions were, but did report that Chipotle is advertising jobs for accountants at their Polaris location.
#SaveTheCrew -- https://savethecrew.com/

Offline Toddguy

  • Kettering Tower 408'
  • **
  • Posts: 368
Re: Columbus: General Business & Economic News
« Reply #790 on: May 24, 2018, 12:35:16 PM »
I went past ParkWest in West Jeff today and they are digging up the entire stretch north of 40 from the Ace Warehouse east all the way to 29. Must be for the new Amazon place. Earthmoving equipment and digging everywhere all of a sudden.

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #791 on: May 24, 2018, 01:39:02 PM »
I went past ParkWest in West Jeff today and they are digging up the entire stretch north of 40 from the Ace Warehouse east all the way to 29. Must be for the new Amazon place. Earthmoving equipment and digging everywhere all of a sudden.

That was fast!
#SaveTheCrew -- https://savethecrew.com/

Offline Toddguy

  • Kettering Tower 408'
  • **
  • Posts: 368
Re: Columbus: General Business & Economic News
« Reply #792 on: May 24, 2018, 06:31:09 PM »
I went past ParkWest in West Jeff today and they are digging up the entire stretch north of 40 from the Ace Warehouse east all the way to 29. Must be for the new Amazon place. Earthmoving equipment and digging everywhere all of a sudden.

That was fast!

I am pretty sure that has to be it. It is the right address and they have the entire parcel (about a quarter mile depth and about half a mile along 40) fenced off with orange tape stuff and all kinds of earth moving equipment tearing it all up from one end to the other.  I was surprised myself.

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #793 on: May 30, 2018, 11:57:35 AM »
Columbus 2020, the economic development organization for the Columbus/Central Ohio region, announced that they have met the second of three goals the organization set for the region in 2010.

In 2010, Columbus 2020 set goals of adding 150,000 jobs by 2020, along with capital investment of $8 billion and a 30 percent increase in income per person.

Today, they announced that the region has added 159,000 jobs since 2010.  In previous press releases, Columbus 2020 announced capital investment had reached $8.7 billion (reaching the $8 billion goal) and that income per person had grown 24.4 percent (below the 30 percent goal):

http://www.dispatch.com/business/20180530/central-ohio-surpasses-2020-job-growth-goal-2-years-early

https://www.columbusunderground.com/columbus-region-has-added-150000-jobs-since-2010-we1

#SaveTheCrew -- https://savethecrew.com/

Offline Toddguy

  • Kettering Tower 408'
  • **
  • Posts: 368
Re: Columbus: General Business & Economic News
« Reply #794 on: May 30, 2018, 05:56:19 PM »

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #795 on: June 06, 2018, 12:29:03 PM »
This was posted yesterday in the Westerville development thread:  https://www.urbanohio.com/forum/index.php/topic,4435.msg917691.html#msg917691

DHL buys land to build headquarters

"Westerville’s investment in Westar Place has brought the city another new tenant, this time in the form of a new headquarters for a Fortune 500 company.

At its May 15 meeting, Westerville City Council approved a purchase agreement with Hyperion Properties for a 10.1-acre parcel of Westar Place that sits across the lake from the newly opened Renaissance Marriott Hotel, 409 Altair Parkway.

According to City Manager David Collinsworth, Hyperion is the real-estate subsidiary of German logistics company DHL, which plans to use the space for a 145,000-square-foot, 4-story facility, worth $20 million, that will be its new North and South American headquarters.

Collinsworth said DHL is already a “major employer” in Westerville, thanks to its location at 570 Polaris Parkway that employs 630 people. When construction of the new facility is complete, Colllinsworth said, DHL will move its operation to Westar Place."

http://www.thisweeknews.com/news/20180529/dhl-buys-land-to-build-headquarters

Just when you think you know everything about Central Ohio, you learn that Chipotle has a corporate office in Polaris and that DHL is a major employer in Westerville!  Congrats to Westerville (and Central Ohio) on getting the new North and South American headquarters for DHL!!!
#SaveTheCrew -- https://savethecrew.com/

Offline wpcc88

  • Kettering Tower 408'
  • **
  • Posts: 377
Re: Columbus: General Business & Economic News
« Reply #796 on: June 06, 2018, 12:44:28 PM »
This was posted yesterday in the Westerville development thread:  https://www.urbanohio.com/forum/index.php/topic,4435.msg917691.html#msg917691

DHL buys land to build headquarters

"Westerville’s investment in Westar Place has brought the city another new tenant, this time in the form of a new headquarters for a Fortune 500 company.

At its May 15 meeting, Westerville City Council approved a purchase agreement with Hyperion Properties for a 10.1-acre parcel of Westar Place that sits across the lake from the newly opened Renaissance Marriott Hotel, 409 Altair Parkway.

According to City Manager David Collinsworth, Hyperion is the real-estate subsidiary of German logistics company DHL, which plans to use the space for a 145,000-square-foot, 4-story facility, worth $20 million, that will be its new North and South American headquarters.

Collinsworth said DHL is already a “major employer” in Westerville, thanks to its location at 570 Polaris Parkway that employs 630 people. When construction of the new facility is complete, Colllinsworth said, DHL will move its operation to Westar Place."

http://www.thisweeknews.com/news/20180529/dhl-buys-land-to-build-headquarters

Just when you think you know everything about Central Ohio, you learn that Chipotle has a corporate office in Polaris and that DHL is a major employer in Westerville!  Congrats to Westerville (and Central Ohio) on getting the new North and South American headquarters for DHL!!!

DHL is GREAT news!

Chipotle has had a pretty significant presence here for quite a while, over a decade at least.  Still great to see that we were chosen to receive the additional jobs.

Offline ColDayMan

  • ♫ An Apollo Legend ♫
  • Administrator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 21984
    • UrbanOhio
Re: Columbus: General Business & Economic News
« Reply #797 on: June 06, 2018, 01:26:38 PM »
Yeah, didn't know that about DHL.  That is awesome news for the region.
"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Offline jeremyck01

  • Key Tower 947'
  • ****
  • Posts: 949
Re: Columbus: General Business & Economic News
« Reply #798 on: June 06, 2018, 07:38:41 PM »
This was posted yesterday in the Westerville development thread:  https://www.urbanohio.com/forum/index.php/topic,4435.msg917691.html#msg917691

DHL buys land to build headquarters

"Westerville’s investment in Westar Place has brought the city another new tenant, this time in the form of a new headquarters for a Fortune 500 company.

At its May 15 meeting, Westerville City Council approved a purchase agreement with Hyperion Properties for a 10.1-acre parcel of Westar Place that sits across the lake from the newly opened Renaissance Marriott Hotel, 409 Altair Parkway.

According to City Manager David Collinsworth, Hyperion is the real-estate subsidiary of German logistics company DHL, which plans to use the space for a 145,000-square-foot, 4-story facility, worth $20 million, that will be its new North and South American headquarters.

Collinsworth said DHL is already a “major employer” in Westerville, thanks to its location at 570 Polaris Parkway that employs 630 people. When construction of the new facility is complete, Colllinsworth said, DHL will move its operation to Westar Place."

http://www.thisweeknews.com/news/20180529/dhl-buys-land-to-build-headquarters

Just when you think you know everything about Central Ohio, you learn that Chipotle has a corporate office in Polaris and that DHL is a major employer in Westerville!  Congrats to Westerville (and Central Ohio) on getting the new North and South American headquarters for DHL!!!

I took a trip through Westerville on Google streetview.  I am surprised at how many large, newer office buildings there are and I was really pleasantly surprised by the beautiful, intact, historic downtown.  I thought I knew all of the nice little downtowns in the Columbus reigon, but I somehow missed that one.  Westerville looks very livable.
« Last Edit: June 06, 2018, 07:42:51 PM by jeremyck01 »

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #799 on: June 07, 2018, 08:06:45 PM »
I took a trip through Westerville on Google streetview.  I am surprised at how many large, newer office buildings there are and I was really pleasantly surprised by the beautiful, intact, historic downtown.  I thought I knew all of the nice little downtowns in the Columbus reigon, but I somehow missed that one.  Westerville looks very livable.

Westerville does seem like one of most livable suburbs in Central Ohio.  Although Worthington and Dublin are also quite livable, as well as the inner-city municipalities of Upper Arlington, Grandview Heights and Bexley.

Those larger newer office buildings are Westerville's portion of the Polaris-area development.  Which is good for the city's tax base.  But Westerville's historic downtown along State Street is a surprising gem.  There's even a small 2700-student college - Otterbein University - located a few blocks to the west, which contributes to Westerville's overall vitality.
#SaveTheCrew -- https://savethecrew.com/

Online aderwent

  • Metropolitan Tower 224'
  • *
  • Posts: 167
Re: Columbus: General Business & Economic News
« Reply #800 on: June 20, 2018, 11:46:41 AM »
CoverMyMeds proposes 1,000 new HQ jobs for Columbus in return for tax deal

"Prescription software firm CoverMyMeds plans to add 1,000 new jobs to Columbus that pay a median $60,000 a year and lease a proposed new $100-million, 200,000-square-foot headquarters near Downtown, representatives told the Columbus Board of Education Tuesday evening.

CoverMyMeds currently is negotiating a 10- to 15-year lease on the new building, which would be located at the Orange Barrel Media site near where Rt. 315 corsses [sic] Interstate 670 on the Scioto River west of Downtown, said John Lenio, a site-relocation consultant with CBRE Group, Inc."

http://www.dispatch.com/news/20180619/covermymeds-proposes-1000-new-hq-jobs-for-columbus-in-return-for-tax-deal

Would be a huge development. Wonder if this was the deal that fell through for Buckingham's Scioto Peninsula plans?

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #801 on: June 20, 2018, 12:22:03 PM »
CoverMyMeds proposes 1,000 new HQ jobs for Columbus in return for tax deal

"Prescription software firm CoverMyMeds plans to add 1,000 new jobs to Columbus that pay a median $60,000 a year and lease a proposed new $100-million, 200,000-square-foot headquarters near Downtown, representatives told the Columbus Board of Education Tuesday evening.

CoverMyMeds currently is negotiating a 10- to 15-year lease on the new building, which would be located at the Orange Barrel Media site near where Rt. 315 corsses [sic] Interstate 670 on the Scioto River west of Downtown, said John Lenio, a site-relocation consultant with CBRE Group, Inc."

http://www.dispatch.com/news/20180619/covermymeds-proposes-1000-new-hq-jobs-for-columbus-in-return-for-tax-deal

Would be a huge development. Wonder if this was the deal that fell through for Buckingham's Scioto Peninsula plans?

Things That Make You Go Hmmmm....

Oh no!  90's flashback!

#SaveTheCrew -- https://savethecrew.com/

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #802 on: June 21, 2018, 12:22:10 PM »
More about this big CoverMyMeds HQ project news (cross-posted from the Columbus: Franklinton thread):

Another big project proposed for Franklinton - but this one is in a surprising location.  Or maybe not, if you know the background story.

CoverNyMeds launched in 2010 as a startup business in Columbus.  CoverMyMeds automates the process of obtaining prior authorization from insurers for certain prescriptions – eliminating faxes, long waits and multiple attempts that often caused frustrated patients to abandon the prescription.  The company doubled every year since and was acquired by health distributor McKesson Corp. in 2017 for $1.1 billion.

CoverMyMeds currently has 500 employees located in 132,000 square feet of the Two Miranova office tower in Downtown Columbus.  But they have plans for greater growth in future.  Their growth plans require needing 400,000 square feet of office space.  This week they announced they would like to build that office space near the Orange Barrel Media HQ southeast of I-670 and north of McKinley Avenue.  In a presentation to the school board, the company said the first phase of the project would be 200,000 square feet and would open in 2021 and second phase of another 200,000 square feet would open between 2022 and 2024.

That proposed location actually makes alot a sense if you know the principals behind CoverMyMeds and Orange Barrel Media.  CoverMyMeds founder Matt Scantland was retained as the company's CEO after the McKesson acquisition.  The founder and CEO of Orange Barrel Media is Matt's brother, Pete Scantland - who also owns the property that the proposed CoverMyMeds HQ would be built on:

http://www.dispatch.com/business/20180620/covermymeds-eyes-franklinton-site-for-expansion-project

More about the CoverMyMeds HQ proposal from https://www.columbusunderground.com/opinion-covermymeds-should-cover-their-taxes-ae1

This is a conceptual rendering and site plan that CoverMyMeds presented to the school board: https://www.ccsoh.us/cms/lib/OH01913306/Centricity/Domain/4/Presentation%20for%20Schools%2006-18-18b.pdf



This is an aerial view of the proposed CoverMyMeds HQ site next to the existing Orange Barrel Media HQ.  I've hi-lighted where it looks like the CoverMyMeds HQ would be built:
#SaveTheCrew -- https://savethecrew.com/

Offline Toddguy

  • Kettering Tower 408'
  • **
  • Posts: 368
Re: Columbus: General Business & Economic News
« Reply #803 on: June 21, 2018, 03:27:34 PM »
CoverMyMeds proposes 1,000 new HQ jobs for Columbus in return for tax deal

"Prescription software firm CoverMyMeds plans to add 1,000 new jobs to Columbus that pay a median $60,000 a year and lease a proposed new $100-million, 200,000-square-foot headquarters near Downtown, representatives told the Columbus Board of Education Tuesday evening.

CoverMyMeds currently is negotiating a 10- to 15-year lease on the new building, which would be located at the Orange Barrel Media site near where Rt. 315 corsses [sic] Interstate 670 on the Scioto River west of Downtown, said John Lenio, a site-relocation consultant with CBRE Group, Inc."

http://www.dispatch.com/news/20180619/covermymeds-proposes-1000-new-hq-jobs-for-columbus-in-return-for-tax-deal

Would be a huge development. Wonder if this was the deal that fell through for Buckingham's Scioto Peninsula plans?

If it is the reason, maybe we should give them the abatement just for helping to get rid of Buckingham lol. Also I bet they would not have wanted to go very vertical given their plan for the Franklinton site if they were the deal that fell through.

Offline casey

  • Rhodes Tower 629'
  • ***
  • Posts: 616
Re: Columbus: General Business & Economic News
« Reply #804 on: June 27, 2018, 10:23:06 PM »
Hmmm...

Amazon plans Thursday announcement for Columbus — but it’s not about HQ2

Amazon has confirmed that it plans an announcement Thursday that involves the Columbus region. The company won’t say what it is, other than it does not involve the Seattle-based retailer’s plan to develop a second headquarters.

http://www.dispatch.com/business/20180627/amazon-plans-thursday-announcement-for-columbus---but-its-not-about-hq2

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #805 on: June 29, 2018, 11:00:15 AM »
Hmmm...

Amazon plans Thursday announcement for Columbus — but it’s not about HQ2

Amazon has confirmed that it plans an announcement Thursday that involves the Columbus region. The company won’t say what it is, other than it does not involve the Seattle-based retailer’s plan to develop a second headquarters.

http://www.dispatch.com/business/20180627/amazon-plans-thursday-announcement-for-columbus---but-its-not-about-hq2

I guess it was this.  Amazon announced a new program that lets entrepreneurs around the country start businesses that deliver Amazon packages:

https://www.bizjournals.com/columbus/news/2018/06/28/amazon-encourages-entrepreneurs-to-build-logistics.html

http://www.dispatch.com/news/20180628/amazon-kroger-focus-on-delivery
#SaveTheCrew -- https://savethecrew.com/

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #806 on: June 29, 2018, 11:05:45 AM »
http://www.dispatch.com/business/20180625/ace-expansion-new-aep-data-center-among-projects-to-create-139-jobs-in-central-ohio

-- Ace Hardware plans to expand its four-year-old distribution center in West Jefferson by 309,000 square feet.  The expansion project would create 72 additional jobs.

-- American Electric Power plans to invest $130 million to build a data center in Groveport that will serve as a backup to its data center in New Albany.  AEP will hire 17 workers with an annual payroll of $2.2 million as part of the project along with 25 contractors.

-- Technology company Smartrac Technology Fletcher, based in the Netherlands, plans to create 30 jobs in Central Ohio as part of a new operation that it is setting up here at a yet-to-be-determined site.  The company develops and manufacturers radio-frequency identification products, software and products for the internet.
#SaveTheCrew -- https://savethecrew.com/

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #807 on: July 02, 2018, 02:28:10 PM »
Schools OK tax break for CoverMyMeds HQ in exchange for income tax sharing
By Carrie Ghose  – Staff Reporter, Columbus Business First
Posted:  June 30, 2018 - 11:37am


CoverMyMeds took a step closer to building a corporate campus and bringing 1,600 tech jobs to west Franklinton under a tax-sharing deal Columbus City Schools approved on Friday.  The district would collect $9.5 million to $20 million over 15 years in lieu of property taxes.  A construction company and undeveloped land there now would pay less than $500,000 in property taxes over 15 years.

City schools had to sign off on the final five years of a 15-year, 100 percent abatement of property taxes, which would be more than $5 million a year once the abatement expires in 2036.  CoverMyMeds also will create co-op programs, scholarships and other tech-training programs for district high school students.

Under the revenue sharing, the city sends half of its 2 percent withholding collections on net new jobs to the schools.  CoverMyMeds hopes to add more than 1,000 new jobs and keep nearly 600.  The new jobs would have payroll of about $75 million, for $750,000 each in new taxes to the city and schools for the first 10 years. ... The abatement goes next to City Council, which next meets on July 16 and July 23.

MORE: https://www.bizjournals.com/columbus/news/2018/06/30/schools-ok-tax-break-for-covermymeds-hq-in.html
#SaveTheCrew -- https://savethecrew.com/

Online Columbo

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 16073
Re: Columbus: General Business & Economic News
« Reply #808 on: July 02, 2018, 07:14:02 PM »
Business First examined seven companies whose incentive agreements for moving into Downtown Columbus expired in 2017 and asked how they did.  The answer is, pretty good.

Four of the seven companies met or exceeded jobs their creation goals.  Taken as a total, the companies created 219 more new jobs than they promised – however that was largely because CoverMyMeds exceeded their job creation target of 111 new jobs by 343 for 454 new jobs at their 2 Miranova Place offices.

By the numbers: How companies receiving downtown office incentives did on job creation targets (slideshow) -- https://www.bizjournals.com/columbus/news/2018/07/02/by-the-numbers-how-companies-receiving-downtown.html
#SaveTheCrew -- https://savethecrew.com/

Offline ColDayMan

  • ♫ An Apollo Legend ♫
  • Administrator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 21984
    • UrbanOhio
Re: Columbus: General Business & Economic News
« Reply #809 on: July 19, 2018, 03:53:06 PM »
In "heh" news...

Mark Wahlberg – yes, that Mark Wahlberg – is buying Bobby Layman Chevrolet

Actor Mark Wahlberg and a Michigan partner are purchasing Bobby Layman Chevrolet on the city's west side.

Wahlberg and Jay Feldman, who owns eight Chevrolet dealerships in middle and southern Michigan, plan to launch their first car dealership here and call it Mark Wahlberg Chevrolet. Its website went live this afternoon.

Feldman had announced plans to purchase the Bobby Layman Chevrolet at 3900 W. Broad St. in March, but Wahlberg's involvement was revealed Thursday afternoon in a release.

More below:
https://www.bizjournals.com/columbus/news/2018/07/19/mark-wahlberg-yes-that-mark-wahlberg-is-buying.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers