Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
Decision Soon on NSP Downtown Project, 300 Jobs
YOUNGSTOWN Ohio – A decision by Network Solutions Provider to move forward on a downtown office that could employ 300 workers could come early next year.
The company, based in Los Angeles, is still working on finalizing a lease and plans for improvements to the space it intends to occupy and working with Youngstown officials on potential incentives, said Sarah Boyarko, the Youngstown/Warren Regional Chamber's vice president for economic development.
The Ohio Tax Credit Authority, meeting Tuesday in Columbus, approved a 60%, six-year credit with a total value of $947,000 for Network Solutions Provider, which provides tier 1 technical support for cloud and business mobility and tier 3 and 4 business-to-business technical engineering support. The company describes itself as one of the fastest-growing technology integrators in the country.
“This is just a step toward that opportunity,” Boyarko said. The company “had been contemplating an investment in the Mahoning Valley for a number of years,” she said. In addition to the state tax credits and local incentives, the company would also receive assistance from the Mahoning County One Stop for workforce services and job training.
Network Solutions Provider has identified a property in downtown Youngstown for its operations, but had not finalized its lease, according to information provided Dec. 2 by the chamber. The proposed operation in downtown Youngstown would create 300 jobs and with an investment of $6.8 million. Annual payroll would be about $12 million.
NSP is ranked No. 31 on Deloitte’s 2013 Technology Fast 500 ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America, NSP announced Dec. 3. (READ ANNOUNCEMENT).
In its announcement of the Deloitte ranking, NSP states in addition to its headquarters in Los Angeles, the company has “offices in Ohio, Iowa, Virginia and Atlanta.” Neither the announcement nor the company’s website provides additional information about its locations.
Published by The Business Journal, Youngstown, Ohio.