Arthur Middleton Capital Holdings
Expands Operations – Arthur Middleton
Capital Holdings has invested $10 million in the acquisition
and renovation of the former 407,000 sq.ft. TransWorld
building in Jackson Township. The newly renovated facility
will hold warehousing, distribution, and order fulfillment
for Arthur Middleton companies. Among those companies
are PatentHEALTH, a dietary supplement company; Heat
Surge, which sells patio grills and space heaters; and
World Reserve Monetary Exchange, a collectible coin distributor.
Part of the $10 million in building renovations is a
10,000 sq.ft. vault, which company officials say is the
biggest outside the Federal Reserve and U.S. Mint system.
World Reserve, which uses the vault, is the single largest
purchaser of coins and currency according to a company
official. Arthur Middleton has pledged to bring in 247
jobs over the next three years, with 56 of those people
who were previously employed by TransWorld. Company officials
said employment could go as high as 500 or more jobs.
Ohio Lt. Gov. Lee Fisher was on hand to celebrate the
announcement. To read more about the investment, click
here for The Repository article.
Ohio Tax Reform Generates Job Growth – At the conclusion of
the second year of a five year rollout, business investment is accelerating in
the State of Ohio. Ohio’s business and elected leaders collaborated three
years ago on the most sweeping tax reform in the state’s history. Elimination
of taxes on capital investment, inventory, sales of goods and services to customers
outside of Ohio, and corporate income and franchise taxes have combined to make
Ohio an ideal location to build a successful global
business. Site Selection magazine, for the second straight year, awarded
Ohio the Governor’s Cup for the most new and expanded capital projects.
To get a basic overview of the tax reform and the impact across all industries,
click here.
Northeast Ohio Industrial Real Estate Market Strong – Team
Northeast Ohio (Team NEO) released its latest quarterly Northeast Ohio Economic
Review with a focus on the region’s industrial real estate market. Total
amount of occupied space for industrial square feet is larger than any time since
2000 and the vacancy rate is the second lowest in the last five years. Among
other findings are the following: the region is using 11 million more industrial
square feet than was used in 2004; vacancy rate for the Cleveland Plus region
is at 8.4%, the second lowest point in the last five years; and the Cleveland
Plus region is the sixth largest industrial market in the country. Also included
in the Economic Review are updates on basic economic indicators for the 16 county
region. For further details, click
on this Cleveland Plus business site to download
the Economic Review.
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