Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a dual-rate Jobs Growth Incentive Agreement with Civil & Environmental Consultants, Inc.in an amount equal to (i) twenty-five percent (25%) of the City of Columbus income tax withheld on Columbus payroll of new employees and (ii) thirty-percent (30%) of the City of Columbus income tax withheld on the Columbus payroll of new employees, who are also City of Columbus residents at the end of each calendar year, both for a term of up to five (5) consecutive years.
Civil & Environmental Consultants, Inc.(“CEC”) was founded in 1989 and is headquartered in Pittsburgh, Pennsylvania. CEC is an engineering and environmental consulting firm with more than 1,400 team members and 34 offices nationwide. Additionally, CEC is an employee-owned team of professionals working with clients to deliver solutions to complex engineering challenges. These clients span across many markets and industries, including mining, oil & gas, power, public sector, real estate, and solid waste. CEC consistently ranks on Engineering News-Record’s annual lists of the Top Design Firms and Top Environmental Firms in the nation.
CEC is proposing to invest a total project cost of approximately $1,450,000.00, which includes $1,100,000.00 in improvements to the existing building, and $350,000.00 in furniture & fixtures, to relocate operations to Columbus. With this investment, the company proposes to enter into a lease agreement on a vacant commercial office space consisting of approximately 22,866 square feet at 8800 Lyra Drive, Columbus, Ohio 43240, parcel number 318-434-01-025 (the “Project Site”). The proposed project will allow CEC to relocate their operations to a larger, renewed office space for future growth by creating fifteen (15) net new full-time permanent positions with a cumulative associated estimated annual payroll of approximately $1,500,000.00 at the proposed Project Site. Additionally, CEC proposes...
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