Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Downtown Office Incentive (DOI) Agreement with ANS Geo, LLC in an amount equal to fifty percent (50%) of the City of Columbus income tax withheld on the Columbus payroll of new employees for a term up to five (5) consecutive years.
ANS Geo, LLC is a multidisciplinary engineering consulting firm founded in 2004. Since its establishment, the company has provided specialized engineering, testing, inspection, and consulting services to clients across the energy, infrastructure, industrial, commercial, and public sectors throughout the U.S. ANS Geo LLC’s primary lines of business include: Geotechnical Engineering, Civil Engineering, Structural Engineering, Electrical and High Voltage Engineering, Geotechnical Drilling and Subsurface Exploration, Construction Observation and Quality Assurance Services, and Laboratory Testing Services.
ANS Geo, LLC is proposing to invest a total capital expenditure of approximately $750,000.00 to relocate and expand its offices by entering into a new lease agreement on a vacant downtown office space consisting of approximately 16,000 square feet at 34-38 W. Gay St. Columbus, OH 43215, Parcel No. 010-052293 (“Project Site”), to grow their presence in the Columbus market and to meet its consumer sales growth. Additionally, the company will create thirteen (13) net new full-time permanent positions with an associated estimated annual payroll of approximately $1,750,000.00 and retain and relocate forty-three (43) full-time permanent positions with an estimated associated payroll of approximately $3,664,800.00 at the proposed Project Site.
ANS Geo, LLC is requesting a Downtown Office Incentive from the City of Columbus to assist in the relocation and expansion of this project.
This legislation is presented as 30-day legislation.
FISCAL IMPACT:
No funding is required for this legislation.
Title
To authorize the Director of the Department...
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