City of Columbus - File #: 1092-2011

• File #: 1092-2011
• Version: 1
• Type: Ordinance
• Status: Defeated
• File created: 6/29/2011
• In control: Rules & Reference Committee
• On agenda: 7/30/2012
• Final action: 7/30/2012
• Title: To authorize the Director of the Department of Development to enter into a Jobs Growth Incentive Agreement with ExpressPoint equal to twenty-five percent (25%) of the amount of new income tax withheld on employees for a term of five (5) years in consideration of the company's proposed investment of $125,000.00 and the creation of 30 new full-time permanent positions within the City of Columbus.
• Sponsors: Andrew Ginther

Date	Ver.	Action By	Action	Result
7/30/2012	1	Columbus City Council	Taken from the Table	Pass
7/30/2012	1	Columbus City Council	Defeated	Fail
7/18/2011	1	Columbus City Council	Tabled Indefinitely	Pass
7/11/2011	1	Columbus City Council	Read for the First Time
6/30/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
6/30/2011	1	Dev Drafter	Sent for Approval
6/30/2011	1	CITY ATTORNEY	Reviewed and Approved
6/30/2011	1	Dev Drafter	Sent to Clerk's Office for Council
6/29/2011	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: The Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with ExpressPoint Technology Services, Inc. (ExpressPoint) equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees to Columbus for a term of five (5) years. The company will invest approximately $125,000 to establish a new service center operation in Columbus and to create 30 new full-time permanent positions.

ExpressPoint Technology Services, Inc. (ExpressPoint) was founded in 1996 and provides PC-based depot and point-of-sale repairs, along with inventory management services. The company offers repair services for computers, laptops, servers, wireless and network products, monitors, printers, and point-of-sale equipment. It also provides logistics services, including packaging, inbound receipt and outbound shipment processes. The company delivers high service solutions that enable its customers to grow their service revenue by expanding the diversity of their products. ExpressPoint is headquartered in Golden Valley, MN and has a repair depot in Juarez, MX and a parts distribution facility in El Paso, TX.

ExpressPoint conducted an extensive search for the site of its next operation. The project in Columbus involves the lease of 75,000 square feet of operational space. Leasehold improvements will be made to the facility by the landlord and the company will enter into a lease for a minimum of seven (7) years at the project site. ExpressPoint will invest $125,000 in machinery, equipment, furniture and fixtures. A total of 30 new full-time permanent jobs will be created as a result of the project.

FISCAL IMPACT: No funding is required for this legislation.


Title

To authorize the Director of the Department of Development to enter into a Jobs Growth Incentive Agreement with ExpressPoint equal to twenty-five percent (25%) of the amount of new income tax withheld on employees for a term of five...