Explanation
BACKGROUND: The Department of Development is proposing to enter into a Columbus Downtown Office Incentive agreement with Floyd Browne Group. For over 70 years, Floyd Browne Group has been providing solutions for Government, Land Development, Institutions, Parks, Trails & Greenways, and Industrial markets. Floyd Browne Group is recognized as a premier provider of engineering, planning, surveying, and environmental services, as well as operations and maintenance services for water and wastewater facilities. The company employs over 160 employees in seven (7) office locations throughout West Virginia and Ohio. Floyd Browne Group is expanding into the Columbus area from its Delaware, Ohio location. The new positions will create approximately $450,000 in additional payroll and approximately $9,000 annually in City income tax revenue. Based on this estimate, Floyd Browne Group would qualify for the Columbus Downtown Office Incentive of an amount equal to fifty percent (50%) of the payroll taxes paid on the new positions or $4,500 for one (1) year. The Development Department recommends granting the Columbus Downtown Office Incentive program to Floyd Browne Group.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Columbus Downtown Office Incentive Agreement with Floyd Browne Group as provided in Columbus City Council Resolution Number 0088X-2007, adopted June 4, 2007.
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 Number 0088X-2007, adopted June 4, 2007, authorized the Department of Development to continue operation of the Columbus Downtown Office Incentive program as amended; and
WHEREAS, the Department of Development has received a completed application for the Columbus Downtown O...
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