Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Nationwide Children’s Hospital Inc. and its affiliated entities, including but not limited to, Pediatric Academic Association (hereinafter Nationwide Children’s Hospital), equal to thirty percent (30%) of the amount of personal income tax withheld above the baseline on new employees to Columbus as of December 31, 2015, for a term of up to fifteen (15) years, capped annually, not to exceed $15 million.
Nationwide Children’s Hospital is a pediatric health care facility founded in 1894 and has grown to occupy more than six blocks with 1.5 million square feet at its downtown hospital and research campus. In recent years, US News & World Report, ranked the hospital as one of America’s Best Children’s Hospitals, with 1,170 medical staff and nearly 10,000 total employees. It is also the pediatric teaching hospital for The Ohio State University College of Medicine.
Beginning in early 2016 Nationwide Children’s Hospital is planning a second major expansion, following up on their 2008 investment, which will include an investment of approximately $189 million. Nationwide Children’s Hospital will perform interior renovations to existing buildings; construct a community ambulatory center and 1,000 space parking garage at the corner of Grant and Livingston Avenue; construct a central energy plant for all Nationwide Children’s Hospital facilities west of Parsons Avenue; construct interior roadways; a small park; and a clinical building with an adjoining parking garage.
Nationwide Children’s Hospital is also embarking on a community strategic plan that includes the following investments: $2.8 million to the City’s Infant Mortality efforts over no more than five (5) years; $2.2 million toward FutureReady Columbus over no more than five (5) years; and $750,000 toward housing development within the Healthy Neighborhoods, Healthy Families Zone, with...
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