Explanation
BACKGROUND: This legislation authorizes payments to employers who have met the requirements of their Jobs Growth Incentive Program (JGI) agreement and are eligible for payment for the 2022 reporting (tax) year. Emergency action is requested so that the City can authorize payment by the end of the second quarter of this year in accordance with the Jobs Growth Incentive Program agreements.
For tax year 2022 (also calendar year and/or report year), the City of Columbus had a total of sixteen (16) JGI agreements for which employers have met the requirements of their JGI agreements and thus are eligible to receive their benefit payments for calendar year 2022. The total dollar amount to be disbursed for these sixteen (16) 2022 JGI payments is $3,191,649.00. The sixteen (16) agreements with the JGI payment subtotals are as follows: (1) $595,468.96 to CoverMyMeds LLC; (2) $13,941.20 to FlightSafety International, Inc.; (3) $357.96 to Hollingsworth Logistics Group, LLC et al; (4) $21,032.47 to Installed Building Products, Inc.; (5) $11,265.73 to International Technical Coatings; (6) $14,389.73 to Koorsen Fire & Security; (7) $89,633.05 to Morgan Stanley & Co. LLC et al; (8) $913,259.10 to Nationwide Children's Hospital, Inc.; (9) $34,732.70 to Northwest Bank; (10) $906,501.52 to OhioHealth Corporation et al; (11) $78,231.20 to Root, Inc.; (12) $37,854.98 to Sarepta Therapeutics, Inc.; (13) $74,181.84 to Slalom, LLC; (14) $31,345.54 to Total System Services, Inc. (15) $316,407.69 to Upstart Network, Inc.; and 16) $53,045.33 to Williams Lea Inc.
Tax year 2022 (also calendar year and/or report year) is the first report year (Report Year) for Slalom, LLC and International Technical Coatings and Report Year 2022 is the last reporting year for Morgan Stanley & Co. LLC et al.
Emergency action is requested in order to make the payments in accordance with the Jobs Growth Incentive Program Agreements, which necessitate payments be made by the end of the se...
Click here for full text