Explanation
BACKGROUND: The Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Jeni's Splendid Ice Creams, LLC equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term of five (5) years. The company will invest approximately $650,000 to purchase and renovate property located at 909 Michigan Avenue, relocate and retain 13 full-time permanent positions, which are all new to Columbus, and create 2 new full-time permanent positions.
Jeni's Splendid Ice Creams, LLC, founded in 2002, is a family-owned and operated company. The co-founders are Jeni Britton Bauer and her husband Charly Bauers. Tom Bauer, Charley's brother, became a partner in 2003. With their small team, the make every batch of ice cream that is served in their four stores in Columbus and shipped to doorsteps nationwide. Jeni Britton Bauer became inspired to make artisan ice creams while working at a French patisserie. Jeni created her own techniques to make American ice creams that are less sweet and more flavorful. Due to tremendous growth through the years, Jeni's has out grown their current facility and now must expand into a larger manufacturing and distribution facilities to meet the increased demands.
Jeni's Splendid Ice Creams, LLC is proposing to relocate its manufacturing and distribution facilities into the City of Columbus by purchasing and renovating a 5,000 square feet building located on 909 Michigan Avenue to meet its increased growth and demand.
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 Jeni's Splendid Ice Creams, LLC equal to twenty-five percent (25%) of the amount of new income tax withheld on employees for a term of five (5) years in consideration of the company's proposed investment of $725,000.00 and the relocation of 13 full-time...
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