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Diebold to build new headquarters

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NORTH CANTON, Ohio (4/15/11)--ATM manufacturer Diebold has announced plans to build its new headquarters in the Akron/Canton, Ohio, area. Diebold is a CUNA Strategic Services provider. The plans call for Diebold to combine five of its existing locations into a single corporate campus, with the consolidated facility to house 1,500 of the company’s northeast Ohio-area employees. Diebold is considering sites in the area for the facility and is in negotiation with property owners. To keep Diebold in Ohio, the state committed about $56 million in tax credits, loans and other incentives. Pending approval by state and local government boards, Diebold will receive about $100 million in total related incentives from state and local entities. To qualify for the incentives, Diebold will retain about 1,500 jobs in Ohio for at least 18 years. The company expects to spend about $100 million on the facility consolidation project, roughly equal to the total value of the planned incentive package. Diebold employs about 2,000 employees in Ohio with an annual payroll of about $125 million. The company and its employees paid more than $12 million in local and state taxes last year. Diebold will have an annual economic impact on Ohio of about $480 million during each of the next five years, according to third-party research commissioned by the company.