Explanation
BACKGROUND: The Director of the Department of Development is requesting authorization to enter into an Enterprise Zone Agreement on behalf of the City with Dupon USA LLC (the “Enterprise”). The Ohio Enterprise Zone Law Section 5709.62(C) of the Ohio Revised Code authorizes the City to enter into a Council-approved tax abatement agreements between the City and qualifying companies.
The D’Hoore Group is a Belgium based company that are the owners of Dupon USA LLC and specialize in biscuit baking, packaging, and filling equipment. At Dupon USA, they have been the heart of the ice cream industry for decades, designing and manufacturing high-quality equipment that empowers businesses worldwide. Driven by a passion for continuous innovation and consistent performance, they offer a full range of solutions tailored to the needs of small, medium, and large-scale producers. Additionally, their machines can fill anything from cones and tubs to pints and squeeze-tubes, making Dupon USA a trusted partner for companies that demand precision, efficiency, and reliability.
Dupon USA LLC is proposing to invest a total project cost of approximately $30,000,000.00, which includes $14,000,000.00 in additions/new construction, $15,000,000.00 in machinery & equipment, $500,000.00 in furniture & fixtures, and $500,000.00 in stand-alone computers to construct a new baking and handling facility consisting of approximately 100,000 square feet at 1700 E. 17th Ave. Columbus, Ohio 43219, Parcel No. 010-099102 (the “Project Site”). Additionally, Dupon USA LLC will create sixty (60) net new full-time permanent positions with an estimated associated annual payroll of approximately $3,071,300.00 (“New Employees”) and retain twenty-eight (28) full-time jobs with an associated annual payroll of approximately $1,987,742.00 at the proposed Project Site.
The Director of the Department of Development is recommending that Council approve a 75%/10-year Enterprise Zone tax abatement on ...
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