Explanation
Background: The Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Advanced Engineering Consultants Ltd.equal to twenty percent (20%) of the amount of personal income tax withheld on new employees for a term of four (4) years in consideration of Advanced Engineering Consultants' proposed investment of $200,000, the relocation/retention of 11 full-time permanent employees, which will be new to Columbus, and the creation of 14 permanent full-time jobs.
Advanced Engineering Consultants Ltd. specializes in electrical, mechanical, plumbing and fire protection designs of governmental, commercial, educational, institutional, industrial and health care facilities. The company was established in 1998, by founder and current president Lisa Huang. The company holds several certifications and is certified in several states. Advanced Engineering Consultants Ltd. has experienced a tremendous amount of growth and is currently looking to expand/relocate its corporate headquarters to meet the demand.
Emergency action is requested in order to allow Advanced Engineering Consultants Ltd. 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 the Department of Development to enter into a Jobs Growth Incentive agreement with Advanced Engineering Consultants Ltd; 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 Advanced Engineering Consultants Ltd.; and
WHEREAS, Advanced Engineering Consultants Ltd. is proposing to enter into a 7-year lease, renovate and improve property located at 1310 Dublin Road, to a...
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