The Columbus-Franklin County Finance Authority issued $35 million in taxable revenue bonds to MSC Industrial Direct for their $55 million distribution center by Bolton Field in the City of Columbus. MSC will construct a 400,000 square foot distribution center on 70 acres of land creating 300 full-time jobs and 375 construction jobs. MSC was considering locations in other states before selecting its site in Columbus.
The Finance Authority’s support of the project provides up-front savings to the company through its capital lease structure.
“The Finance Authority was a key partner in recruiting MSC to Columbus. The savings provided by the Finance Authority in its capital lease structure was an important component in the overall incentive package provided by our public sector partners to bring this great company to Central Ohio.” -Kenny McDonald, CEO, Columbus 2020
MSC Industrial Direct is headquartered in Melville, NY (on Long Island). The company is one of the nation’s largest direct marketers of a broad range of industrial products to industrial customers.