Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a dual-rate Jobs Growth Incentive Agreement with Filtra-Systems Company LLC in an amount equal to (i) twenty-five percent (25%) of the City of Columbus income tax withheld on the Columbus payroll of new employees and (ii) thirty percent (30%) of the City of Columbus income tax withheld on the Columbus payroll of new employees, who are also City of Columbus residents at the end of each calendar year, for a term of up to five (5) consecutive years.
Filtra-Systems Company LLC provides custom-engineered industrial filtration & separation products, systems, and technology for the metalworking, water & wastewater, chemical, industrial minerals, and steel industries. Founded in 1979, the company has installed over 16,000 filtration systems worldwide. Each industrial filtration system integrates many components into one system specifically designed to meet each client’s requirements and applications. Filtra-Systems Company is a part of CNI Commercial, a subsidiary of Chickasaw Nation Industries, Inc.
Filtra-Systems Company LLC is proposing to invest approximately $20,000 in real property improvements, $500,000 in machinery and equipment, $10,000 in furniture and fixtures, $50,000 in inventory, and $10,000 in technology to establish manufacturing operations at 1720 Westbelt Drive, parcel number 560-181272. With this project, the company plans to lease an approximately 14,000 sq. ft. facility to support a manufacturing operation. Additionally, Filtra-Systems Company LLC will create 10 new full-time permanent positions with a cumulative estimated annual payroll of approximately $600,000 to support its growth.
Filtra-Systems Company LLC is requesting a dual-rate Jobs Growth Incentive from the City of Columbus to assist with this expansion project. This legislation is presented as 30 day legislation.
FISCAL IMPACT: No funding is required for this legislation
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