Forgent Power Solutions will expand in downtown Columbus, taking 90,000 square feet in the Arena District for a corporate office that state officials say will create 85 jobs and $12 million in new annual payroll, the Ohio Department of Development announced Monday, October 26.
The Minnesota-based company, which makes equipment for data centers, power grids and electrical distribution, will invest $3 million to build out its new office at 10 W. Nationwide Blvd. under a 10-year lease in a building owned by Nationwide Realty Investors. The Ohio Tax Credit Authority approved a 1.9 percent, 10-year job creation tax credit for the project at its monthly meeting on Monday.
Forgent said its existing Ohio team, including Ohio-based chief executive Gary Niederpruem, will work from the Columbus hub, which will handle customer support, project management and supply chain work along with finance, human resources and corporate strategy. The company employs about 3,000 people at 10 manufacturing campuses totaling more than 2 million square feet across North America.
Company and state officials tied the expansion to surging demand for power infrastructure. Forgent reported $1.42 billion in fiscal 2026 revenue, up 89 percent from the previous year, and entered fiscal 2027 with a record $3 billion backlog, according to the announcement.
Columbus Mayor Andrew J. Ginther called the decision a major long-term commitment to downtown, saying the company will fill significant office space, add daily activity in the Arena District, support surrounding businesses and grow income tax revenue. JobsOhio President and CEO J.P. Nauseef said the operation deepens Ohio’s position in the supply chain for electrical infrastructure serving data centers, utilities and advanced manufacturing.
Forgent was one of three Central Ohio projects among 10 approved statewide on Monday. The 10 projects together are expected to create 1,359 new jobs, retain 1,824 jobs and bring more than $2.2 billion in investment and more than $142 million in new payroll across Ohio, the development department said.
The other Central Ohio approvals were Certus Medical LLC in Westerville, which expects to create 45 full-time-equivalent jobs and $7.31 million in new annual payroll by the end of 2031 under a 1.7 percent, eight-year credit, and the previously announced Bayer U.S. LLC project in New Albany, approved for a 2.16 percent, 30-year credit and expected to create 606 jobs and $69 million in new annual payroll by the end of 2034.