GREEN, Ohio - ATM maker Diebold Inc. has announced plans to build a new $105 million world headquarters on its home turf in Northeast Ohio.
The company, based in Green, said Tuesday it's looking to consolidate five local facilities in the Akron/Canton area at a new campus that will be established somewhere in the region. Diebold said it's looking at three to five possible sites for the facility, where a minimum of 1,500 employees will work.
The company said it decided to remain in northeast Ohio after discussions that included offers from North Carolina and Virginia. "We were approached from various other states who were very aggressive and very serious," said Tom Swidarski, the President an CEO of Diebold.
Ohio offered about $56 million in incentives to Diebold including tax credits and loans.
Speaking at a news conference at Diebold, Governor John Kasich called the deal "a return on investment" on a company northeast Ohio couldn't afford to lose.
"Could you imagine if we were announcing today $90 million worth of payroll is leaving," Kasich said.
Diebold has been in business in Ohio for 152 years. Swidarski said it's the only U.S. company to have 58 consecutive years of dividend increases.
It could take a couple of months for Diebold to decide where to build the new headquarters. The company hopes to begin construction within a year. Several local mayors will now try woo over Diebold.
"My first priority was to help keep it in the area. We played a part in that. My second priority is see if we can actually get them to choose Canton as an option," said William Healy, the mayor of Canton.
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Latest News Headlines
The state of Ohio announced Tuesday the stretches of highway where drivers will soon be able to go a little faster.