Logistics, bitcoin company to create 125 jobs in Columbus

[ad_1]

A logistics company and a bitcoin-focused financial services company received approval on Monday for tax incentives worth an estimated $ 445,000 for projects that will create a total of 125 jobs in Columbus.

The two projects were among eight to be approved for tax incentives by the Ohio Tax Credit Authority. The projects will create 1,105 jobs across Ohio and retain 912 others, and will result in investments of $ 281 million.

Hollingsworth, a logistics company based in Dearborn, Mich., Serving the manufacturing and distribution industries, will create 95 jobs and invest $ 550,000 as part of an expansion of its operations on the southeast side of Columbus. The 95 jobs will have an annual payroll of $ 3.3 million.

The tax credits have an estimated value of $ 210,000.

Hiring of customer service representatives, lift operators, clerks, managers, packers, quality inspectors and warehouse supervisors will begin by the end of September.

The company currently has 16 employees in its operations at 2450 Spiegel Drive, a huge warehouse and distribution building located between Alum Creek Drive and Shook Road, near Rickenbacker International Airport and Groveport.

“By building on our existing presence in the Columbus area and expanding our presence in the Midwest, we are able to provide faster shipping times and better service to our customers,” said the president of Hollingsworth, Mike McNamara, in a statement.

River Financial will open a new operations center in Columbus, creating 30 jobs with an annual payroll of $ 2.25 million. The hiring of analysts in engineering, accounting, cybersecurity and finance will begin immediately.

The operations center will serve as a global hub for accounting, analytics, cybersecurity, compliance and customer operations for the company, which began operations in 2019. Its goal is to make Bitcoin more accessible to traditional investors .

No location for the operations center has yet been established.

San Francisco-based River Financial began seeking an operations center outside the region after receiving a new round of investment.

“After a year of robust growth, we are excited to expand into the Columbus innovation ecosystem and continue to drive Bitcoin adoption forward,” said the co-founder and COO of River Financial, Andrew Benson, in a statement. “River Financial has many customers in the Eastern and Central time zones, but very few cities outside of the West Coast have the foundation to support the growing cryptocurrency industry.”

The tax credits have an estimated value of $ 235,000.

[email protected]

@BizMarkWilliams

[ad_2]