Construction of 750,000-square-foot Owens Corning Heath warehouse begins

Fiberglass insulation and roof shingles manufacturer Owens Corning has begun construction on a 750,000-square-foot warehouse in Heath, as the company “looks to consolidate much of its central Ohio warehouse space to serve its Newark factory,” The Columbus Dispatch reports. The city of Heath approved a 15-year, 100% tax exemption on improvements to the site on the city’s west side; in exchange, “the property owner must pay $105,000 a year” during the abatement period, for a total of $1.575 million, according to the article. That money will help fund improvements to Thornwood Drive and Central Parkway. For more, read the full article.

Economic Development, Financial Incentives, State Updates