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Updated about 2 years ago on . Most recent reply

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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
3,452
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What is Happening to OHIO?

Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Posted

Honda has invested $3.5 Billion in Fayette County for a plant that will make batteries for electric vehicles. https://www.dispatch.com/story/business/2022/10/11/honda-to-build-battery-plant-in-fayette-county-ohio-electric-vehicle-hub/69548391007/

Amazon buying even more land! According to Licking County Auditor records, Amazon Data Services Inc. bought 392.11 acres of land ($ $116,653,320.) on the west side of Beech Road and straddling Miller Road on January 17, 2023.

Intel has invested $20 billion initially investment in two fabs (short for fabrication plants; they typically produce silicon wafers), with construction beginning in late 2022 and the facility expected to open in late 2025.“At full buildout, the total investment in the site could grow to as much as $100 billion over the next decade, making it one of the largest semiconductor manufacturing sites in the world,” reads Intel’s press release. https://www.theverge.com/2022/1/22/22895447/intel-ohio-chip-fab-manufacturing-cpu-processor-explained

Do you think this development is going to help the market? Would you start to invest here?

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Ryan Blankenship
  • Real Estate Agent
  • Lancaster, OH
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Ryan Blankenship
  • Real Estate Agent
  • Lancaster, OH
Replied
Quote from @Scott Mac:

Ohio seems to be cooking with gas.


 Cooking with derailed train chemicals actually.

Jokes aside, it's a great area. The growth of the tech industry in the central Ohio area has helped a lot. Long-term macro economic predictions show a decrease in globalization and the return of US manufacturing, which sets up very well for Ohio also. 

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