Explanation
BACKGROUND: The Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Health Care DataWorks, Inc. (HCD) equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term of three (3) years. HCD will make a fixed-asset investment of approximately $350,000.00 including, $250,000 in new machinery and equipment and $100,000.00 in renovation and leasehold improvements, create 33 new full-time permanent positions and retain 13 existing jobs, which will be new to the City of Columbus.
HCD is a privately-owned company co-founded by Jeffrey M. Wilkins, Chairman and Chief Financial Officer. HCD pioneered the "Enterprise Data Warehouse in a Box" for healthcare provider organizations. HCD provides healthcare organizations with an opportunity to provide higher quality healthcare services while lowering their costs. The company began data warehousing and data mining efforts at The Ohio State University Medical Center in 1997 as a technology commercialization company. This technology is very unique as it is able to render data from multiple systems into one consolidated view and track different functions of the health care provider's business. The company's business intelligence applications have been recognized by American Medical Informatics Associations for their innovative approach in tracking, alerting, and reporting an organization's strategic and operational performance.
HCD is proposing to relocate its corporate headquarters and client support operations to the City of Columbus by entering into a 5-year lease agreement on a vacant office facility located at 1800 Watermark Drive to meet its increased growth and consumer demand.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to enter into a Jobs Growth Incentive Agreement with Health Care DataWorks, Inc. equal to twenty-five per...
Click here for full text