Dublin City Council Approves Economic Development Agreement

(Dublin, OH) Dublin City Council has approved an economic development agreement with Rea & Associations, Inc., a full-service regional accounting and business advisory firm that plans to establish a national headquarters in Dublin.

Rea & Associates offers accounting, tax, audit and consulting and cyber services to clients throughout the state of Ohio. The Ohio CPA firm is also regarded as one of the Top 100 public accounting firms in the country. The firm is currently headquartered in New Philadelphia, Ohio, with offices throughout the state. They are looking to consolidate these offices to reduce overhead costs and improve productivity among its workforce. The new office location would earmark the company’s third purchase investment in the City.

The expansion in Dublin will add approximately 35 jobs to the community by the end of 2028, on top of their existing 68 employee positions in Dublin. The City is offering an incentive package valued at $283,000 in consideration of the company’s continued investment and planned workforce growth in Dublin.

“Through their long history and highly-respected work as financial experts for businesses across Ohio, Rea and Associates combines industry expertise and a deep understanding of client needs to help achieve success,” says Director of Economic Development Jennifer Klus. “Their commitment to Dublin and expansion of their business here reaffirms our own understanding and support of their needs to empower their success. We’re excited to watch them grow in Dublin.”

The incentive is contingent upon the company purchasing a new headquarter location of a minimum of 60,000 SF, within City of Dublin corporation limits. Additionally, the company is required to obtain an occupancy permit. The City anticipates collecting nearly $1.2 million in net withholdings over the term of the agreement.

Council approved the EDA after a second reading at its meeting on Aug. 8, 2022.

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About Rea and Associates

Rea & Associates, Inc. is an Ohio-based ‘Top 100’ CPA and consulting firm with more than 350 professionals. Since 1938, Rea has provided a wide range of accounting services to businesses, individuals with means and those with dreams. Today, the firm is the go-to resource for thousands of businesses nationwide. Rea offers a brighter way to its clients in the construction & real estate, government, healthcare, manufacturing, and not-for-profit industries. The firm provides expertise in accounting and related advisory services, audit, benefit plan design and administration, valuation and transaction advisory services, cybersecurity & data protection services, HR consulting services, and tax services. For more information about Rea & Associates, please visit www.reacpa.com.

About the City of Dublin, Ohio, USA

Dublin is a city of nearly 50,000 residents located just northwest of Columbus, Ohio. It offers residents and corporate citizens responsive services, attractive housing options, superior public education, direct regional highway access, abundant park space, thoughtful and strategic planning, innovative ideas and technology and a dynamic community life. Dublin is ranked the number one small city in Ohio and is consistently named one of the safest cities in the nation. It is home to more than 20 corporate headquarters, an entrepreneurial center, 4,300+ businesses, world-class events and the urban, walkable Bridge Street District. For more information, visit DublinOhioUSA.gov or call 614.410.4400.

Media Contact:
Aisling Babbitt
Public Affairs Officer
614.704.9742 – Cell
ababbitt@dublin.oh.us

Newsroom: https://dublinohiousa.gov/newsroom/

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