Growing family business expands in Strongsville
CLEVELAND, Ohio, December 18, 2018 – Foundation Software, a fast-growing “Inc. 5000” company and family-owned national business, has announced plans to invest $9.5 million in expanding its presence in Strongsville.
Foundation Software provides job cost accounting, project management and mobile software and services tailored to the construction industry. Founded in 1985, the company has grown, on average, 20 percent annually since 2010, consequently outgrowing its Strongsville headquarters location. It will not only expand its current facility, which it shares with sister company Payroll4Construction.com, but also add at least 185 new positions over the next five years in addition to retaining its current 298 employees.
“I admit, we’ve been tripping over ourselves,” Fred Ode, founder and CEO/chairman said. “Since stepping out of the recession we’ve sprinted into eight straight years of accelerated, organic growth. When we first moved into our current campus, we were just at 35% capacity and thought we found our home for at least the next decade. That was four years and a second building ago. But while we don’t plan on slowing down, it’s important this area stays home to us.”
An economic development team at the local, regional and state level worked with Foundation Software to help make this project possible by providing access to people, information and resources.
“Foundation Software is an innovative, successful company that embraces the technological expertise and unparalleled work ethic of Northeast Ohio’s workforce,” said Bill Koehler, CEO of Team NEO. “We are committed to working with our partners at JobsOhio, Greater Cleveland Partnership and the city of Strongsville to provide resources and support to help Foundation Software continue growing and contributing to our region’s strength in technology.”
Strongsville Mayor Thomas Perciak added, “Foundation Software is a valuable member of the Strongsville community and we appreciate their continued commitment to grow their headquarters and create jobs within the city.”
About Foundation Software
Foundation Software delivers job cost accounting, project management and mobile applications, along with payroll and consulting services, to help contractors run the business side of construction. For more information, call (800) 246-0800 or email email@example.com. Follow us on LinkedIn, Twitter, Facebook and Instagram.
About Team NEO
Team NEO is an economic development organization focused on creating jobs for Northeast Ohio’s residents. In collaboration with our partners, it leads the region’s business attraction efforts, supports business retention and expansion work as Northeast Ohio’s JobsOhio affiliate, accelerates the impact of innovation in the region, and aligns strategies and resources within the economic development network to maximize its impact. In addition, Team NEO provides tools to assist employers in attracting talent to the region.
Team NEO is part of the Northeast Ohio Economic Development network, providing business decision-makers with access to customized solutions that accelerate growth, foster innovation and mitigate risk through a connected and collaborative ecosystem. For more information, visit www.clevelandplus.com.
JobsOhio is a private, nonprofit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion efforts. JobsOhio works with six regional partners across Ohio: Appalachian Partnership for Economic Growth, Columbus 2020, Dayton Development Coalition, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobs-ohio.com. Follow us on LinkedIn, Twitter and Facebook.