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Economy and Business


A location near Akron-Canton Airport will be the new corporate hub for Diebold
State and local incentive packages helped make the deal
by WKSU's TIM RUDELL


Reporter
Tim Rudell
 
Thomas W. Swidarski, President and CEO of Diebold, spoke during a spring news conference when the decision to stay in northeast Ohio was announced. He said at that time that a search would begin for a site for the new global headquarters campus
Courtesy of Rudell
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In The Region:

One of northeast Ohio’s signature companies is staying put in the region. But Diebold is cutting its last ties to Canton.  WKSU’s Tim Rudell reports on the company’s plans to build half-a-million square-foot global headquarters.

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Diebold came to Canton in 1872 to make bank vaults. It set up R&D and other operations in southern Summit County, and (nope. It’s been up in Green even though it uses Green’s north canton mailing address) last spring began a search for a place in the region to consolidate and build its world headquarters. 

Now it’s signed a deal to buy 55 acre off I-77 near the Akron-Canton Airport.

Diebold’s Mike Jacobsen says Canton and others made their own bids for the headquarters. But they also supported the package put together by the southern Summit County city of Green to ensure Diebold stayed in the area.

He says that kind of regional cooperation is one reason why the company is staying.  “The way the jurisdictions approached us was very positive in fact that: ‘OK, we’d love to have you, but it’s more important that you’re in the area here.  That was a really telling piece for us as we went through this process.”

 

The new headquarters is expected to cost about 100 million dollars. Diebold is getting an incentive package that includes more than 50 million dollars in loans, grants and tax incentives from the state.

 

The deal won’t be finalized until environmental and land studies are done, and Green City Council, local schools and other governments sign off.

If that happens, Diebold expects to break ground in 2013, and the company plans to consolidate some 15-hundred employees into the new headquarters within two or three years
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