Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Daifuku America Corporation equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees to Columbus for a term of five (5) years. Daifuku America Corporation will invest approximately $3 million related to improving and expanding its facility, will retain 99 full-time permanent positions, and will create 80 new full-time permanent positions with an annual payroll of approximately $5.36 million.
Daifuku America Corporation is a subsidiary of Daifuku Webb Holding Company, the parent company of which is Daifuku Company Ltd., headquartered in Shiga, Japan. Daifuku America Corporation assists companies in North America improve their business by implementing material handling systems. Its extensive resources and broad experience make Daifuku America Corporation a leader in technology, quality, reliability, service and support for the manufacturing, distribution, automotive and cleanroom industries. Daifuku America Corporation’s Columbus facility is owned by the corporation and primarily focuses its business on conveyor equipment for the automotive industry for all of the major car manufacturers. Daifuku America Corporation also has sales offices in Salt Lake City, UT and Chandler, AZ.
Daifuku America Corporation is proposing to expand its operation in the City of Columbus. The company will renovate approximately 18,200 square feet of office space within the facility located at 6700 Tussing Road, Columbus, OH 43068 and expand the facility by approximately 8,000 square feet.
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 Daifuku America Corporation equal to twenty-five percent (25%) of the amount of new income tax withheld on employees for a term of five (5) years in c...
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