Explanation
BACKGROUND: The need exists to enter into a Job Creation Tax Credit Agreement with Resource Interactive. Section 718.15 of the Ohio Revised Code requires the City to enter a Council-approved agreement between the City and a participating company.
The Department of Development proposes to enter into a Job Creation Tax Credit Agreement with Resource Interactive for 60% for a period of 5 years in consideration of the company's investment of approximately $2,000,000.00 in machinery and equipment, retention of 247 full-time positions and the creation of approximately 50 full-time permanent positions with an annual payroll of $4,250,000.00 million.
Resource Interactive is a privately held digital marketing agency in Columbus Ohio, working with Fortune 500 companies to develop digital strategy, website creative and interactive technology solutions. Resource Interactive is recognized for its aptitude in consumer insights and strategy, interactive design and technological innovation. Nancy Kramer founded the company in 1981 with its first marketing relationship with Apple. Resource Interactive has since expanded its partnerships with clients to include Procter & Gamble, Hewlett Packard, Walmart, Coca-Cola, Victoria's Secret, Sherwin-Williams and L.L.Bean, among others.
With offices in Columbus, Cincinnati, and Palo Alto, California, Resource Interactive is the largest independent, women-owned agency in the nation. The company's increased growth is due to securing a number of new clients and the need for service to the new clients. Resource Interactive is currently opening new offices in San Francisco and considering additional satellite offices in Seattle, London and New York.
Resource Interactive received a Downtown Office Incentive of 50% in 2006 from the City of Columbus. This incentive will expire in 2011. To date, the company has exceeded their job creation goal. The company is expanding business operations and creating an additional 50 jo...
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