Explanation
BACKGROUND: The need exits to amend Ordinance 1870-2026 (the “ORDINANCE”), approved by Columbus City Council (“COUNCIL”) on June 29, 2026. The ORDINANCE authorized the Director of the Department of Development to enter into a City of Columbus Jobs Creation Tax Credit Agreement (the “AGREEMENT”) on the behalf of the City of Columbus (“CITY”) and Hikma Pharmaceuticals USA Inc. (“Hikma”), (the “ENTERPRISE”) for a tax incentive of forty-five percent (45%) for a period of six (6) consecutive years in consideration of a proposed total capital investment of approximately $215,700,000.00, which includes $92,000,000.00 in real property improvements and $123,700,000.00 in machinery & equipment. With this investment, Hikma is proposing to construct a 131,000 square-foot pharmaceutical storage and distribution facility as well as a 40,000 square-foot expansion (the (“PROJECT”) to their existing facility at 1809 Wilson Road, Columbus, Ohio 43228, Parcel No. 560-138818 (the “PROJECT SITE”), to their increase pharmaceutical manufacturing, increase storage and distribution, to expand R&D capabilities, and to grow their presence in the Columbus market. The proposed project will allow Hikma to modernize and expand their current facility in the Columbus region and create fifty (50) net new full-time permanent positions with a cumulative associated estimated annual payroll of approximately $3,000,000.00 and retain one-thousand two hundred twenty-four (1,224) full-time permanent positions with an associated estimated annual payroll of approximately $93,627,177.00 at the proposed PROJECT SITE.
Prior to executing the AGREEMENT, the 90-day period needed to execute the City of Columbus Jobs Creation Tax Credit Agreement expired. In a letter dated October 23, 2026 received by the CITY, and through ensuing correspondence, the ENTERPRISE confirmed that they are committed to the aforementioned PROJECT and is requesting the 90-day period be extended to execute the AGREEMENT.
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