MSC Industrial Direct Plans $55 Million Distribution Center In Columbus, Ohio
07/31/2012
State economic development officials and Jobs Ohio, along with Columbus 2020, Columbus, Ohio, Franklin County, Columbus-Franklin County Finance Authority, and Columbia Gas structured an incentive package, with tax and other incentives totaling approximately $9 million over ten years. .
Doug Jones, Executive Vice President, Global Supply Chain Operations of MSC said, "Our current success and growth plan requires us to add a new Customer Fulfillment Center to support our world-class service model as we continue to grow. After conducting a thorough review, Columbus provided the most compelling opportunity to expand our distribution network in the most cost-effective manner, in a region that fits well with our existing network and provides easy access to key markets and resources, as well as a rich pool of local talent. Over the long-term, our investment in this facility will yield high returns as we more efficiently manage and expand our service volume."
"We are grateful for the efforts of our partners in Ohio for working with us to make this possible, and we look forward to expanding our presence in the Columbus community," he added.
At the present time, the property purchase is pending final approvals. The company said it estimates that the effect of building and start up costs, net of incentives, will be neutral to earnings and that additional operating costs upon opening, after the effect of incentives and reduced costs at other fulfillment centers, will be minimal.
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