Central Columbus Commerce 71 Development, LLC (BLDG 2), owned by Hillwood, is receiving a 75% tax abatement for 10 years to construct a 336,000 square-foot Class A industrial facility. The company is investing $24.9 million in real property improvements and will create 34 net new full-time permanent jobs with an estimated annual payroll of $1,414,400. The project site is on 37 acres of undeveloped land located at 1401 Joyce Ave, Columbus, Ohio 43219. This decision supports the economic growth of the region and creates new employment opportunities.
This project brings significant investment to Columbus and creates valuable employment opportunities. The tax abatement will support industrial growth and strengthen the city's economy.