Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with American School of Technology equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees to Columbus for a term of five (5) years. The company will invest approximately $300,000 to increase capacity at 4599 Morse Centre Road, and to create 8 new full-time permanent positions and retain 18 full-time employees.
American School of Technology is a postsecondary proprietary school established in 1978. The business is an S-corporation, providing educational programs and career training. It is approved by the Ohio State Board of Career Colleges and Schools, as well as being accredited by the Commission of Accreditation of Allied Health Education Programs.
American School of Technology offers study programs in medical billing, coding and assisting and in heating, ventilation and air conditioning. Its job placement department assists students in finding positions within their area of specialization. The business is now in a position to offer additional training programs and to further its efforts toward fostering workforce readiness. This will require additional square footage of 9,000 square feet of leased space at its existing site for training rooms and for new staff.
The company will invest approximately $150,000 in building improvements and an additional $150,000 in machinery, equipment, furniture and fixtures. A total of 8 new permanent full-time positions will be created in Columbus and 18 existing full-time jobs retained, as a result of the project.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to enter into a Jobs Growth Incentive Agreement with American School of Technology equal to twenty-five percent (25%) of the amount of new income tax withheld on employees for a term of five (5) years in consid...
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