Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a dual-rate Jobs Growth Incentive Agreement with Hollingsworth Logistics Group, LLC dba Hollingsworth, LLC and Hollingsworth Management Services, LLC (collectively, and hereinafter referred to as (“Hollingsworth”) in an amount equal to (i) twenty-five percent (25%) of the City of Columbus income tax withheld on the Columbus payroll of new employees and (ii) thirty percent (30%) of the City of Columbus income tax withheld on the Columbus payroll of new employees, who are also City of Columbus residents at the end of each calendar year, both for a term up to five (5) consecutive years.
Headquartered in Dearborn, Michigan, Hollingsworth is a Native American owned and operated third party logistics supply chain innovator. Hollingsworth history dates back to 1925, when the company E. L. Hollingsworth was first founded in Flint, Michigan as one of the world’s first expeditors of automotive parts. Through a series of mergers beginning in 1991, the company broadened its service capabilities and became nationally recognized as a carried minority business under the name Hollingsworth. The company is proud to be a minority owned business and even more proud that over 75% of their workforce are minorities. Hollingsworth Management Services, LLC is a subsidiary of Hollingsworth and is the company’s third party employer. This particular entity is responsible to manage its human resources services relating to employee management, including administration of payroll and the filing of the company’s municipal income tax withholdings. The proposed project will allow Hollingsworth to significantly expand their current, small presence in Columbus. Columbus is competing with Tracy, CA, Dallas, TX and Charlotte, NC for this expansion project.
Hollingsworth is proposing to invest a total project cost of approximately $850,000 in machinery and equipment to expand its operations at 2450 Spiege...
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