Central Ohio pursues public tech company’s 285-job operations center

MongoDB Inc., an open-source general purpose database platform provider, is looking at locations including central Ohio for an administrative hub that would employ about 285 people, Columbus Business First reports. The Ohio Tax Credit Authority recently approved a 10-year, 1.96% tax credit “if MongoDB chooses Franklin County and stays at least 13 years,” according to the article. That credit “would be worth $3 million” if the company meets the job-creation goal and other terms of the deal. MongoDB currently employs 1,800 employees worldwide, and its reported revenue for the year ending January 31, 2020 was $422 million. For more, read the full article.

Economic Development, Financial Incentives, State Updates