Explanation
Background: The need exists to enter into a Jobs Growth Incentive Agreement with ComResource, Inc. The City has adapted and expanded its concept of the Jobs Growth Incentive tool to apply to areas outside of Downtown to help retain and create jobs in Columbus.
ComResource, Inc. (ComResource) is a privately owned business technology solutions provider, founded in 1991 and located in Columbus, Ohio. Due to business growth ComResource is proposing to consolidate its three Columbus locations into one location consisting of an office, warehouse and training center at 1159 Dublin Road.
The Columbus Department of Development is proposing a Jobs Growth Incentive equal to 25% of the amount of personal income tax withheld on new employees for a term of 5 years.
Emergency action is requested in order to allow ComResource, Inc. to begin investing and creating jobs as quickly as possible.
Fiscal Impact: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Jobs Growth Incentive agreement equal to 25% of the amount of personal income tax withheld on new employees for a term of 5 years with ComResource, Inc., in consideration of ComResource, Inc.'s proposed investment of $60,000, the retention of 45 full-time jobs and the creation of 30 permanent full-time jobs; and to declare an emergency.
Body
WHEREAS, the City desires to increase employment opportunities and encourage the creation of new jobs in the City in order to improve the overall economic climate of the City and its citizens; and
WHEREAS, the Department of Development has received a completed application for the Jobs Growth Incentive from ComResource, Inc.; and
WHEREAS, ComResource, Inc. is currently located at 330 W. Spring Street, Columbus, Ohio and is engaged in a process to identify a location for its headquarters, warehouse and training facility as well as effect a consolidation of operations in Columb...
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