The new construction within the National Road Business Park was completed at the end of November in Eastern Muskingum County. This Project has created a 3,300 linear foot access, ending in a 55’ diameter cul de sac at the southern end where the park’s large 75 acre site is located. It also extended an 18” force main sewer line to the southern end of the site and provided water line upgrades and extensions. The formation of the County’s fourth business park was a cooperative effort between the Muskingum County Commissioners, the City of Zanesville, Perry Township, and the Zanesville-Muskingum County Port Authority. Assistance from JobsOhio, ODOT Jobs and Commerce and OhioSE have been vital to the overall scope of the project and finalization of this new addition. The ZMCPA, Muskingum County Commissioners, City of Zanesville and Perry Township Trustees have entered into a JEDD agreement.
Demographics have a major impact on corporate site location decisions. Regions that are large and growing population base, have a younger, more educated workforce and less poverty are more attractive for economic investment. Looking at a comparison of Michigan, Missouri, North Carolina, and Ohio offers insights on the competitiveness of these rural markets for corporate site location projects.
While tax incentives catch all the headlines, the tax burden local and state governments create through public policy decisions can be much more important to companies considering a region for a corporate site location project. Corporate site location consultants will review and compare the overall amount of local and state government spending for a region, determine the overall tax burden local and state government policy makers place on companies compared to individuals, and, ultimately, define the tax burden for a company considering a corporate site location project comparing the regions under consideration.
Southgate Corporation recently broke ground on a speculative development at 1100 Innovation Way in Marysville, Union County. Site readiness work for the $8.9 million project has already commenced, with an anticipated completion date of Q4 2021. Located within Marysville’s 33 Innovation Park, the development will be comprised of 84,000 SF of multi-tenant Class A industrial and R&D speculative space at 1100 Innovation Way, as well as an adjacent pad-ready site that can accommodate a building of up to 112,000 SF.