Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Downtown Office Incentive Agreement with Medical Staffing Options, LLC and Health Carousel, LLC.
Established in 2014, Medical Staffing Options, LLC (“Medical Staffing Options” or “MSO”) provides travel, per-diem, and permanent placement opportunities for nurses and allied healthcare professionals. Currently, the majority of nursing needs identified by MSO’s clients are for travel and PRN (“pro re nata” or “as needed”) nursing staff. The majority of the company’s allied (Therapy) needs exist in permanent placement settings. Medical Staffing Options places all types of medical professionals, including: Acute Care Nurses (RN), Physical Therapists (PT), Physical Therapy Assistants (PTA), Occupational Therapists (OT), Occupational Therapy Assistants (OTA), Speech Language Pathologists (SLP), and Lab Technicians.
Medical Staffing Options, LLC was acquired by Cincinnati-based Health Carousel, LLC (“Health Carousel”), a workforce solutions company serving healthcare organizations, in January 2017 and is now a wholly-owned subsidiary of Health Carousel. Health Carousel intends to relocate the operations of Medical Staffing Options, LLC from 9200 Worthington Road, Suite 101, Columbus, Ohio 43082 in the coming months to support projected growth and assist in employee recruitment. Health Carousel will lease and renovate approximately 30,000 square feet of office space, to be occupied by Medical Staffing Options, LLC, in the newly-redeveloped Buggyworks office project located at 400 W. Nationwide Blvd., Columbus, Ohio 43215 (“Project Site”).
Health Carousel will invest approximately $1,300,000 related to leasehold improvements at the Project Site. Medical Staffing Options, LLC will retain and relocate 47 full-time permanent positions with an associated annual payroll of approximately $3,056,383 and create 60 new full-time permanent positions with an associated annual payroll of approximately $2,100,000.
Medical Staffing Options, LLC and Health Carousel, LLC are 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 of Development to enter into a Downtown Office Incentive Agreement with Medical Staffing Options, LLC and Health Carousel, LLC.
Body
WHEREAS, the City desires to increase employment opportunities and encourage establishment of new jobs in the City in order to improve the overall economic climate of the City and its citizens; and
WHEREAS, Resolution 0088X-2007, adopted June 4, 2007, authorized the Department of Development to establish the Columbus Downtown Office Incentive Program as amended; and
WHEREAS, the Department of Development has received a completed application for the Downtown Office Incentive from Medical Staffing Options, LLC and Health Carousel, LLC; and
WHEREAS, Health Carousel, LLC intends to relocate the operations of Medical Staffing Options, LLC from 9200 Worthington Road, Suite 101, Columbus, Ohio 43082; and
WHEREAS, Health Carousel, LLC will lease and renovate approximately 30,000 square feet of office space, to be occupied by Medical Staffing Options, LLC, in the newly-redeveloped Buggyworks office project located at 400 W. Nationwide Blvd., Columbus, Ohio 43215; and
WHEREAS, Health Carousel, LLC will invest approximately $1,300,000 related to leasehold improvements and Medical Staffing Options, LLC will retain and relocate 47 full-time permanent positions with an associated annual payroll of approximately $3,056,383 and create 60 new full-time permanent positions with an associated annual payroll of approximately $2,100,000; 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 Downtown Office Incentive Agreement, pursuant to Columbus City Council Resolution 0088X-2007, with Medical Staffing Options, LLC and Health Carousel, LLC for an annual cash payment equal to fifty percent (50%) of the amount of City withholding tax withheld on new employees for a term of up to five (5) consecutive years on the estimated job creation of 60 new full-time permanent positions located at 400 W. Nationwide Blvd., Columbus, Ohio 43215.
SECTION 2. That each year of the term of the agreement with Medical Staffing Options, LLC and Health Carousel, LLC that a payment is due, the City's obligation to pay the incentive is expressly contingent upon the passing 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 the City of Columbus Downtown Office Incentive Agreement is signed by Medical Staffing Options, LLC and Health Carousel, LLC within 90 days of passage of this ordinance, or this ordinance and the credit herein shall be null and void.
SECTION 4. That the Director of the Department of Development is hereby authorized to amend the Downtown Office Incentive Agreement with Medical Staffing Options, LLC and Health Carousel, LLC for certain modifications to the agreement requested in writing by the company and or the City and deemed appropriate by the Director of Development with these modifications being specifically limited to reductions in length of term, methods of calculating the incentive, or adding or deleting business entities associated with the employment commitments related to this incentive. All other requested amendments must be approved by City Council.
SECTION 5. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.