Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Downtown Office Incentive Agreement with BBI Logistics LLC.
BBI Logistics LLC (“BBI Logistics”) is a freight brokerage firm founded in 2017. BBI Logistics specializes in handling full truck load shipments across the United States and Canada for dry van, refrigerated, and all open deck trailers, while also dealing with a variety of other services such as, less than truckload (LTL), intermodal, specialized equipment, and expediting shipments. The goal is to help customers find the most cost-effective and reliable carrier while also maximizing load potential for their carriers. The less than truckload service offered by BBI Logistics also plays an integral role in helping clients find the most effective way to transport their smaller and more frequent shipments.
BBI Logistics intends to lease, renovate, equip, and occupy approximately 15,000 square feet of commercial office space at 80 E. Rich Street, Columbus, Ohio 43215 (“Project Site”) near the Columbus Commons. The relocation of operations to a larger office space will allow for the expansion of the company’s sales team as well as other supporting roles.
BBI Logistics anticipates investing approximately $435,000 to renovate and equip the Project Site. BBI Logistics intends to retain and relocate 15 existing full-time permanent positions with an associated annual payroll of approximately $615,000 to the Project Site from their current office operations located at 4449 Easton Way, Suite 330, Columbus, Ohio 43219 and expects to create approximately 150 net new full-time permanent positions with an associated new annual payroll of approximately $8,175,000.
BBI Logistics is requesting a Downtown Office Incentive from the City of Columbus to assist in the relocation and expansion of operations in Columbus.
FISCAL IMPACT: No funding is required for this legislation
Title
To authorize the Director of the Department ...
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