Diebold To Build New Headquarters With State Subsidies

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NORTH CANTON, Ohio – ATM Maker Diebold Inc. has agreed to consolidate operations in a new $100 million headquarters at a to-be-determined location in the economically depressed Akron/Canton region.

The company says it decided to remain in northeast Ohio after discussions that included officials in other states. To ensure Diebold would stay in Ohio, the state offered about $56 million in incentives, including tax credits and loans which have been promised by Gov. John Kasich.

The consolidated facility will house 1,500 of the company’s northeast Ohio-area employees. Diebold currently is considering a handful of sites for this construction and is in negotiation with the respective property owners. Each site is located in the Akron/Canton region. Diebold plans to combine five of its current locations into a single location in the new facility.

Diebold employs approximately 2,000 associates across the state of Ohio with an annual payroll of about $125 million.

 

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