Grandview likely losing Limbach to Columbus - Business First of Columbus:

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Relocation of mechanical contractod to the Near East Side of Columbus comes as the smalpl cityanticipates ’s start of redevelopmeny in its industrial district. Nationwide Realtyg bought Pittsburgh-based Limbach’s propertyu at 851 Williams Ave. in Septembedr 2007, forcing the company to beginh searching fornew offices. The Ohio Tax Credig Authority on April 27 approvedca six-year, 45 percent tax credit to spur the company’sd relocation to 822 Cleveland Ave., whered it plans to add at least 28 jobs in addition to its 115 workere in Grandview.
in May is expected to considera five-year incentivw that would return 25 percent of the personal incomde taxes generated by the company’s $5.5 millionj payroll, including new jobs, durin the first two years. In years threre through five, that amount increases to 35 percent, during whicu time Limbach expects its annuapl payroll to growby $1.8 million if it meetws job-creation targets. Information from the state shows Limbacg plans to investabout $850,000 in the 50,000-square-footg building on Cleveland Avenue and spend $300,000 on machiner y and equipment.
Several companies, including Columbia Gas of have moved out of Grandview over the last three yearws as Nationwide Realty acquired properties forits $500 millioh Grandview Yard mixed-use development. Grandview Heightws Mayor Ray DeGraw took news of the Limbacjh job lossesin stride, noting Nationwide Realty plans to begin construction on the firstg phase of Grandview Yard projects late this “Jobs are going to move,” DeGraw “That’s the reality. It happens.” The state tax creditt panel also approved three incentives for projects inLickingv County. It approved a 45 percent tax creditfor , a direct-sales compang based in Chattanooga, Tenn.
, with 6,000 home-based saless consultants. The company hopes to expand a 95,000-square-footf facility in Johnstown to house 75 workersperformin back-office administrative work as well as distribution The state said Chattanooga is competing for the Company Director of Finance Deb Wals h declined to comment when contactedr by Columbus Business First. The Thirty-One Giftse deal has ties to a Johnstown company also receivingt a taxcredit offer. and two affiliates received a 40 percent tax credift offer for their pledge to create25 jobs. Atrium designw and develops fashion merchandise such as clothes andfashion bags.
Its customerf base includes stores, Web and catalog saleds outletsand direct-sales vendors such as Thirty-One Gifts. It employs 117 workersw in Johnstown. Meanwhile, the Tax Credit Authority extendea six-year, 45 percent tax crediy offer to , an aerospace and electronicas supplier in Heath that has pledged to add 10 positionws atop its 37 The project at the Central Ohio Aerospacwe & Technology Center campus includes a $3 million expansiobn of its sensor research and development The new jobs would pay an averagd of more than $74,000 a