Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a dual-rate Jobs Growth Incentive Agreement with Gifthealth, Inc. dba Gifthealth Pharmacy.in an amount equal to (i) twenty-five percent (25%) of the City of Columbus income tax withheld on Columbus payroll of new employees and (ii) thirty-percent (30%) of the City of Columbus income tax withheld on the Columbus payroll of new employees, who are also City of Columbus residents at the end of each calendar year, both for a term of up to five (5) consecutive years.
Gifthealth Inc. dba Gifthealth Pharmacy (“Gifthealth”) began operations in 2020 to provide solutions for the cost and complexity of prescription drugs. Gifthealth began with two startup founders, Nick Potts and John Romano. The company initially launched a pilot program in Ohio and then expanded to all 50 states. Gifthealth offers solutions for prescribers, manufacturers, and patients, with a specialization in gastroenterology. The two primary lines of business for Gifthealth are its Pharmacy Hub and Dispensing Services. The team today includes technologists, data scientists, patient advocates, and path to purchase experts. Gifthealth’s mission is to get people the prescribed care that they need, when they need it, at the best possible price.
Gifthealth is proposing to invest a total project cost of approximately $1,000,000.00, which includes $300,000.00 in machinery and equipment, $300,000.00 in furniture and fixtures, $100,000.00 in stand-alone computers, and $300,000.00 in leasehold improvements, to expand their operations in the City of Columbus. With this investment, the company proposes to enter into a lease agreement on a vacant warehouse space consisting of approximately 30,000 square feet at 4321 Equity Drive, Columbus, Ohio 43228, parcel number 560-184535(the “Project Site”) The proposed project will allow Gifthealth to expand their dispensing services by creating seven hundred and fifty-one (751) net new ...
Click here for full text