A new spec building will soon be constructed in Wood County, bringing greater opportunities for investment and jobs.
Nooter, in conjunction with their partner, The Delventhal Company, announced plans to construct a 100,000 square-foot expandable building in North Baltimore, Ohio. Construction is expected to begin this fall, with completion scheduled for the first quarter, 2023.
The project is being supported through the Ohio Site Inventory Program (OSIP), an innovative initiative created by JobsOhio to boost the competitiveness of the state in competing for economic development projects. The $50 million program offers grants and low-interest loans to support speculative site and building development projects.
“This OSIP program helps build on the momentum we’re seeing in the growth and development across Northwest Ohio. It was critical to obtain additional funding to support the construction of this spec building, including bringing extended utilities on site. The program allowed us to focus on the building and engineering.”
Nooter is a fully integrated turnkey construction, multi-craft, construction engineering and maintenance contractor, providing a full range of construction project management, repair services, and preventative maintenance support. It serves many industries including Refining & Petrochemical, Automotive, Alternative Energy, Food & Beverage, Metals, Mining, and Power markets in the greater Ohio and Michigan regions.
The building will go up on a 39-acre site, right off I-75, just minutes from the CSX Intermodal Terminal. Twenty acres will still be available after construction. Nooter is also partnering with The Delventhal Company to construct another 100,000 square foot spec building in Oregon, Ohio.
Though the program began just two years ago, Northwest Ohio has been quick to capitalize on funding opportunities for new product across the 17-county region. Already, OSIP has awarded dollars for nine Northwest Ohio projects – roughly 900,000 square feet of new, modern buildings. Two of those have already seen spec buildings developed and become occupied with end users. In addition, the pipeline has another 1 million square feet of potential development. To learn more on Northwest Ohio’s top sites and available buildings, visit the Regional Growth Partnership Sites and Buildings Here.
“A critical reason private investment has risen in Wood County is the commitment to establish sites and inventory for companies looking to invest quickly and with confidence,” said J.P. Nauseef, JobsOhio president and CEO. “Construction of this new spec building is a result of strong collaboration with our local partners and Nooter, bringing a 100,000-square-foot facility in a location that is highly attractive for businesses looking to rapidly grow in the North American market.”
The Regional Growth Partnership is the lead economic development organization serving 17 counties in Northwest Ohio. As a private nonprofit development corporation, the RGP is dedicated to fostering regional, national and international business investment opportunities across the region. The RGP serves as Northwest Ohio’s network partner for JobsOhio. Visit rgp.org for more information.
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.