Explanation
BACKGROUND: This legislation authorizes the payments to employers who have met the requirements of their Jobs Growth Incentive Program (JGI) agreement and are eligible for payment for the 2023 reporting (tax) year. Emergency action is requested so that the City can authorize payment by the end of the second quarter of this year in accordance with the Jobs Growth Incentive Program agreements.
For tax year 2023 (also calendar year and/or report year), the City of Columbus had a total of eighteen (18) JGI agreements for which employers have met the requirements of their JGI agreements and thus are eligible to receive their benefit payments for calendar year 2023. The total dollar amount to be disbursed for these eighteen (18) 2023 JGI payments is $5,804,057.01. The eighteen (18) agreements with the JGI payment subtotals are as follows: (1) $664,240.67 to CoverMyMeds LLC; (2) $71,839.53 to FlightSafety International, Inc.; (3) $6,704.91 to Goosehead Insurance Agency, LLC; (4) $8,172.43 to Hollingsworth Logistics Group, LLC et al.; (5) $1,070,319.52 to Huntington (The) National Bank; (6) $32,539.20 to Installed Building Products, Inc.; (7) $26,987.58 to Koorsen Fire & Security; (8) $1,871,460.62 to Nationwide Children's Hospital, Inc.; (9) $93,896.17 to Northwest Bank; (10) $186,281.50 to Ohio (The) State University Innovation District; (11) $1,236,050.76 to OhioHealth Corporation et al.; (12) $55,406.36 to Root, Inc.; (13) $6,745.19 to Safecor Health, LLC; (14) $82,948.84 to Sarepta Therapeutics, Inc.; (15) $800.85 to SK Food Group, Inc.; (16) $82,805.89 to Slalom, LLC; (17) $230,824.35 to Upstart Network, Inc.; (18) $76,032.64 to Williams Lea Inc.
Tax year 2023 (also calendar year and/or report year) is the first report year (RY) for Safecor Health, LLC and SK Food Group. This is the last reporting year for Huntington (The) National Bank, Installed Building Products, Inc., and Koorsen Fire & Security.
Emergency action is requested so that the City can ...
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