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 2025 reporting (tax) year.
For tax year 2025 (also calendar year and/or report year), the City of Columbus had a total of thirteen (13) 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 2025. The total dollar amount to be disbursed for these thirteen (13) 2025 JGI payments is $4,872,303.18. The thirteen (13) agreements with the JGI payment subtotals are as follows: (1) $390,572.75 to CoverMyMeds LLC; (2) $172,824.87 to FlightSafety International, Inc.; (3) $106,905.22 to GiftHealth; (4) $19,800.29 to Hollingsworth Management Services LLC; (5) $3,000,000.00 to Nationwide Children's Hospital, Inc.; (6) $6,919.04 to Northern Safety Co., Inc. dba Wurth Industry North America; (7) $600,000.00 to OhioHealth Corporation et al.; (8); $10,797.62 to Safecor Health, LLC; (9) $144,800.14 to Sarepta Therapeutics, Inc.; (10) $31,687.81 to SK Food Group, Inc. (11) $35,256.36 to Slalom, LLC; (12) $250,868.06 to Wells Fargo (13) $101,871.02 to Williams Lea Inc.
Tax year 2025 (also calendar year and/or report year) is the first report year (RY) for GiftHealth, and Northern Safety Co., Inc. dba Wurth Industry North America. This is the last reporting year Williams Lea Inc.
Emergency action is requested so that the City can make payment as soon as possible and in accordance with the Jobs Growth Incentive Program agreements.
FISCAL IMPACT:
The 2026 General Fund budget (citywide account) includes funding for these payments. An amount equal to 25 percent (25%) of the payment will be expended from the Income Tax Set Aside Subfund.
Title
To authorize the City Auditor to appropriate the sum of $1,218,075.80 within the General Fund Income Tax Set Aside Subfund; to authorize th...
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