Explanation
BACKGROUND: The need exists to enter into a Job Creation Tax Credit Agreement with CallCopy, Inc. (CallCopy). The Ohio Tax Credit Legislation (Section 718.15 of the Ohio Revised Code) authorizing such City agreements became effective January 14, 1993, and requires the City to enter a Council-approved agreement between the City and a participating company.
The Development Department proposes to enter into a Job Creation Tax Credit Agreement with CallCopy for 65% for a period of 8 years in consideration of the company's investment of $450,000 in machinery and equipment, retention of 21 positions and the creation of 50 full- time permanent positions. The proposed project involves the relocation of the company from its current facility located at 1177 Olentangy River Road, to 530 W. Spring Street. CallCopy is also considering the Florida, California and India on the basis of access to customers, complementary business and talent pool.
Founded in 2004, CallCopy is one of the fastest growing companies in the call recording quality monitoring industry and is a leading provider of innovative performance management solutions. The company provides services that assist contact centers to monitor agent-customer voice and desktop recordings to ensure a high level of customer service and communication processes.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Job Creation Tax Credit Agreement with CallCopy, Inc. for 65% for a period of 8 years in consideration of the company's investment of $450,000, retention of 21 positions and the creation of 50 full- time permanent positions.
Body
WHEREAS, pursuant to Section 122.17 of the Ohio Revised Code, the State of Ohio is authorized to establish the Tax Credit Authority and to execute agreement with taxpayers of the State for the purpose of granting taxpayers a job creation tax credit (the "State Credit") ...
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