Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Columbus Downtown Office Incentive with Findley Davies, Inc.
Findley Davies, Inc. was founded in 1969, as an independent and multiregional human resources consulting, actuarial and administrative services firm. The company specializes in health and group benefits, retirement plans, compensation and rewards management services. Findley Davies, Inc. also offers services, such as communication solutions, human resource sourcing and technology, relationship management, system acceptance testing and contribution plan record keeping. Findley Davies, Inc. actively participates in their prospective community service activities and has served various organizations, including Adopt America Network, American Diabetes Association, Boy Scouts of America and Cleveland Zoological Society. Findley Davies, Inc. is headquartered in Toledo, Ohio with offices in Cleveland, Columbus, Ohio, Charlotte, Greensboro, North Carolina, and Chicago, Illinois.
Findley Davies, Inc. is proposing to expand its operation within the downtown business district by entering into a 5-year lease agreement, investing approximately $150,000 in new machinery, equipment, furniture and fixtures, retaining three (3) full-time jobs and creating twenty-five (25) new full-time permanent positions with an annual payroll totaling approximately $1.56 million. Based on this estimate, Findley Davies, Inc. would qualify for the Columbus Downtown Office Incentive of an amount equal to fifty percent (50%) of the payroll taxes paid on the new positions or $58,500 over a term of three (3) years.
The Development Department recommends granting the Columbus Downtown Office Incentive program to Findley Davies, Inc.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to enter into a Columbus Downtown Office Incentive Agreement with Findley Davies, I...
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