OH: BDO USA to Open Columbus Business Service Center to House 400 Employees
2 Nov, 2016
BDO USA, LLP, one of the nation’s leading accounting and consulting firms, announced 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.
About BDO USA, LLP
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and more than 400 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 1,300 offices in over 150 countries. BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information, please visit: www.bdo.com.
About Columbus 2020
As the economic development organization for the Columbus Region, Columbus 2020’s mission is to generate opportunity and build capacity for economic growth across 11 Central Ohio counties. In 2010, hundreds of business and community leaders developed the Columbus 2020 Regional Growth Strategy, and the Columbus Region is now experiencing the strongest decade of growth in its history. The Columbus 2020 team conducts business outreach, promotes the Columbus Region to market-leading companies around the world, conducts customized research to better understand the Columbus Region’s competitiveness, and works to leverage public, private and institutional partnerships. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more at ColumbusRegion.com.