Explanation
BACKGROUND: The Department of Development is proposing to enter into a Columbus Downtown Office Incentive with Manpower Professional.
Manpower Professional is a world leader in the employment services industry. Their global network of nearly 4,000 offices in 82 countries and territories allows them to meet the needs of their clients in all industry segments, whether they are global, multinational or local companies. Their main office is located in downtown Columbus at 175 S. Third Street. Manpower Professional is expanding the Columbus location for a total of 4,250 square feet. The 17 new positions will create approximately $1.55 million in additional payroll and approximately $38,875 annually in City income tax revenue. Based on this estimate, Manpower Professional would qualify for the Columbus Downtown Office Incentive of an amount equal to fifty percent (50%) of the payroll taxes paid on the new positions or $58,311 for three (3) years.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Columbus Downtown Office Incentive Agreement with Manpower Professional, as provided in Columbus City Council Resolution Number 0088X-2007, adopted June 4, 2007. (AMENDED BY ORD. 2223-2012 PASSED 10/22/2012)
Body
WHEREAS, the City desires to increase employment opportunities and encourage establishment of new jobs in the City in order to improve the overall economic climate of the City and its citizens; and
WHEREAS, the Department of Development has received a completed application for the Columbus Downtown Office Incentive program from Manpower Professional; and
WHEREAS, Manpower Professional is proposing to consolidate their Ohio offices by entering into a 5-year lease agreement and create 17 new positions at 175 S. Third Street, Columbus, Ohio, with a projected additional payroll of $1.55 million generating estimated City of Columbus income tax revenue of $38,375 annually;...
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