Explanation
BACKGROUND: The Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Oxford Consulting Group, Inc. equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term of two (2) years. Oxford Consulting Group, Inc. will make an investment of approximately $60,000, including $15,000 in leasehold improvements, $20,000 in equipment, $25,000 in furniture and fixtures, and create 45 new full-time permanent positions with annual payroll of approximately $3.65 million and relocate 4 existing jobs from Westerville to the City of Columbus.
Oxford Consulting Group, Inc. is a nationwide information technology consulting firm serving businesses across North America. Michelle Kerr, President, founded Oxford Consulting Group Inc. in 1998 in Indianapolis, Indiana by providing consulting and project management services to mid-market manufacturers in the automotive and consumer packaged goods arena. The company expanded to include business-to-business (B2B) integration and electric data interchange. In 2004, Oxford Consulting Group, Inc. sold the largest portion of the company to a publicly traded software company, QAD, based in Santa Barbara, California. The remainder of the company was relocated to Westerville, Ohio where the company services include IBM B2B and commerce solutions, mid-market IT staffing and IT services for small and medium sized businesses in the Central Ohio area.
Oxford Consulting Group, Inc. is proposing to expand into the Columbus community by establishing a satellite office. The company will enter into a 4-year lease agreement on a vacant commercial office space comprised of 1,400 square feet located at 1500 West Third Avenue and invest approximately $60,000 in leasehold improvements, including new equipment, furniture, and fixtures to meet its increased growth and consumer demand.
FISCAL IMPACT: No funding is required for this legislation.
Title
...
Click here for full text