Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Downtown Office Incentive Agreement with Candid Care Co.
Candid Care Co. (“Candid”) is an orthodontics company that gives customers the power to buy a clear orthodontist-created alignment plan online-at 65% less than traditional braces. Founded in 2017 by a team of startup veterans with experience across healthcare, hospitality, tech and finance, Candid provides customers the chance to get the smile they want, right at home.
Candid intends to lease, equip, and occupy an approximately 35,000-square-feet of office space in two buildings in the central business district. Its administrative and dental lab operations in Columbus will be located at 34 S. Third Street, Columbus, Ohio 43215 and 107 S. High Street, Columbus, Ohio 43215 (“Project Sites”). The establishment of operations in Columbus will allow Candid to expand customer care, administrative and lab services beyond their headquarters in New York.
Candid anticipates investing approximately $850,000 - of which approximately $100,000 will be related to real property improvements - to equip the Project Sites. Candid Care Co. expects to create approximately150 net new full-time permanent positions with an associated new annual payroll of approximately $6,000,000.
Candid is requesting a Downtown Office Incentive from the City of Columbus to assist in the relocation and expansion of operations in Columbus.
FISCAL IMPACT: No funding is required for this legislation
Title
To authorize the Director of the Department of Development to enter into a Downtown Office Incentive Agreement with Candid Care Co.
Body
WHEREAS, the City desires to increase employment opportunities and encourage establishment of new jobs in the City in order to improve the overall economic climate of the City and its citizens; and
WHEREAS, Resolution 0088X-2007, adopted June 4, 2007, authorized the Department of Development to establish the...
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