Explanation
Background: The Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with International Diversified Funding, Inc. equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term of five (5) years.
International Diversified Funding, Inc. provides credit counseling and performs credit repair services. The company began in 1998 and is headquartered in Stateline, Nevada.
International Diversified Funding, Inc. is proposing to relocate and expand its branch office currently located in Worthington, Ohio to Columbus, Ohio. The company is proposing to lease approximately 20,000 square feet at 7450 Huntington Park Drive should the project go forward.
This legislation is requested to be considered as an emergency in order to allow International Diversified Funding, 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 with International Diversified Funding, Inc.; 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 International Diversified Funding, Inc.; and
WHEREAS, International Diversified Funding, Inc. is proposing to enter into a 6-year lease and improve property located at 7450 Huntington Park Dr., to accommodate expansion; and
WHEREAS, International Diversified Funding, Inc. has indicated that a Jobs Growth Incentive is crucial to its decision to locate the aforementioned consolidation/expansion in Columbus; and
WHEREAS, the City of Columbus desires to facilitate Internatio...
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