Monday, October 31 2016
Center to House 400 Jobs by 2021
Columbus, OH -- BDO USA, LLP, one of the nation’s leading accounting and consulting firms announced that it will open a 33,000 square-foot business service center at a to-be determined location in Columbus to support the firm’s rapid growth. The firm plans to commence initial hiring in the final quarter of 2016 and plans to expand occupancy and space over time to accommodate more than 400 specialists and supervisory personnel by the end of 2021.
BDO USA is the fastest-growing of all national accounting organizations. In its most recent fiscal year, BDO USA reported revenue of $1.29 billion, an industry-leading 23 percent increase from fiscal year 2015. This represents the third consecutive year that the firm’s revenue has exceeded 20 percent growth and during the past four years, BDO’s revenues have more than doubled from $618 million in 2012 to $1.29 billion today.
In order to support the firm’s rapid growth, BDO USA is establishing a scalable, multi-discipline business service center in Columbus designed to optimize operations, ensure best practices and support professional development across the firm. Upon completion, the Columbus center will initially perform transaction services for BDO’s assurance, tax and business services and outsourcing practices. Functions for additional business lines and national services will be added in the future.
“After a comprehensive analysis of options across the country, we found Columbus to be the right location for our new business service center,” said Steve Ferrara, chief operating officer at BDO USA. “Columbus is home to a skilled, stable workforce, which will support the growth of the center and BDO over time. Its central location and convenient proximity to existing BDO offices throughout Ohio was also a determining factor.”
BDO USA is widely recognized as a leading employer of choice among professional services firms. BDO has been named a Best Company by Working Mother Magazine for six consecutive years and has been recognized with the When Work Works Award for Business Excellence in Workplace Flexibility for seven consecutive years.
Earlier this year, the firm moved its Columbus practice office to a new location at 300 Spruce Street in Columbus.
“We are pleased BDO USA selected Columbus for its new business center,” said Mayor Andrew J. Ginther, City of Columbus. “It is a testament to both the company’s and the city’s commitment to continued growth.”
“BDO USA is one of the largest and most rapidly growing professional services firms in the country, and its professionals provide many services, including site location advice,” said Valentina Isakina, JobsOhio managing director for financial services. “We are delighted these experts chose Ohio to fulfill their strategic need. Columbus is a hotspot for millennial talent and an ideal location to support BDO’s new business service center, where 400 financial services specialists and supervisors will be on the job.”
Financial and insurance related activities comprise the top sector of economic output—$28 billion in 2015—in the Columbus Region. Companies ranging from Huntington Bancshares and JPMorgan Chase & Co., to Nationwide and State Farm benefit from the Columbus Region’s continuous growth and skilled talent pool.
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