Hudson backs 50 percent income tax credit for Diebold Nixdorf's expected relocation
Company plans to move to city in 2021; will bring 314 jobs, 31.4 million in payroll
HUDSON — Diebold Nixdorf Inc. will pay reduced income taxes for the next decade when it relocates to the city next year from the opposite end of Summit County, bringing along 314 jobs and $31.4 million in payroll.
Hudson City Council on Tuesday approved granting a 50 percent income tax credit for 10 years to the company in conjunction with its planned move from Green.
"This is, I think, a very major and exciting situation for the city of Hudson," said City Council President Bill Wooldredge (at-large)."…It's a very exciting moment for our city, and I'm very pleased to have them moving here."
Diebold Nixdorf is looking to move its headquarters to a 63,000-square-foot building at 50 Executive Parkway in Hudson. The building has been vacant for eight years and was last used by Alltel. Diebold Nixdorf hopes to occupy the building by next summer.
The building at 50 Executive Parkway is currently owned by Stumpy Basin Partners LLC, but James Stifler, the city's economic development director, said another company will purchase the structure and renovate it.
Diebold Nixdorf is planning to sell its 260,000-square-foot office building at Mayfair Road and Mount Pleasant Street Northwest in Green, which has been the company's home for nearly 50 years.
The facility is larger than Diebold Nixdorf needs, spokesman Mike Jacobsen said. Roughly half of the office space was not being used before the coronavirus pandemic led to changes with employees working from home, he said.
The move is part of a Diebold Nixdorf initiative to streamline operations, including reducing the company's real estate footprint worldwide.
Diebold Nixdorf officials said the move also will reduce costs related to leasing and maintaining four facilities in Northeast Ohio.
The company said it prefers the Hudson location because of its proximity to both Cleveland Hopkins International Airport and Akron-Canton Airport. The location also can help with future efforts to recruit talent, the company said.
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