Explanation
Background: The Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Mission Essential Personnel equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term of 5 years in consideration of Mission Essential Personnel's proposed investment of $467,725, the retention of 84 full-time permanent employees and the creation of 108 permanent full-time jobs.
Mission Essential Personnel (MEP) is a global personnel and management company headquartered in Columbus that assists clients' specialized requirements for national security and corporate objectives. Customers include the Department of Defense Intelligence Agencies and Fortune 100 Large System Integrators. MEP was established in Ohio in 2004 under the name Aegis by Chad Monnin and Greg Miller, who were both members of the U.S. Army Special Forces. In three years, the company has grown from 6 to more than 150 employees in the United States and more than 700 worldwide.
MEP is proposing to expand its Columbus operation. Included in the expansion is the installation of a Sensitive Compartmented Information Facility enabling classified and confidential conversations with clients.
MEP has office locations in Augusta & Columbus, GA, Fayetteville, NC, Lake Success, NY, Linthicum, MD, Lorton, VA, Mainz, Germany, and Pleasanton, CA. The company is considering its Virginia location for this expansion due to the close proximity to Washington, D.C.
Fiscal Impact: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Jobs Growth Incentive agreement with Mission Essential Personnel.
Body
WHEREAS, the City desires to increase employment opportunities and encourage the creation 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 Jobs Growth Incentive from Mission Essential Personnel; and
WHEREAS, Mission Essential Personnel has indicated that a Jobs Growth Incentive is crucial to its decision to locate the aforementioned expansion in Columbus; and
WHEREAS, the City of Columbus desires to facilitate Mission Essential Personnel's future growth at the project site by the creation of new jobs; and
WHEREAS, the Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Mission Essential Personnel equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term of 5 years in consideration of Mission Essential Personnel's proposed investment of $467,725, the retention of 84 full-time permanent employees and the creation of 108 permanent full-time jobs; and NOW THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development is hereby authorized to enter into a Jobs Growth Incentive agreement with Mission Essential Personnel, equal to twenty-five percent (25%) of the amount of income tax withheld on new employees for a term of 5 years.
Section 2. Each year of the term of the agreement with Mission Essential Personnel, the City's obligation to pay the incentive is expressly contingent upon the passage of an ordinance appropriating and authorizing the expenditure of monies sufficient to make such payment and the certification of the City Auditor pursuant to Section 159 of the Columbus City Charter.
Section 3. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.