Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Highlights for Children, Inc., Highlights Consumer Services, Inc., Highlights Press, Inc., Highlights for Children International, Inc. and Highlights Licensing, Inc. (all five entities will collectively be referred to herein after as “Highlights for Children”) equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term of five (5) years. Highlights for Children will make an investment of approximately $1.0 million, which includes furniture and fixtures, create 50 new full-time permanent positions and retain 164 existing jobs in the City of Columbus.
Highlights for Children was founded in 1946 by Dr. Garry Cleveland Myers and Caroline Clark Myers in Honesdale, Pennsylvania. The company is a family media brand of magazines and books dedicated to the belief that children are the world's most important people. Highlights for Children magazine offers kids an opportunity to discover a love for learning, while exploring new experiences in science, reading and puzzle solving. Highlights for Children also operate other publishers, mostly located in Ohio, Pennsylvania and the New England area of the United States. The Highlights group focuses on everything from professional development seminars and conferences for educators to publishing children's books and producing magazines and professional books for teachers.
Highlights for Children is proposing to expand its current corporate headquarters located at 1800 Watermark Drive, to meet its increased growth and consumer demand.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Jobs Growth Incentive Agreement with Highlights for Children, Inc. et al equal to twenty-five percent (25%) of the amount of new income tax withheld on employees for a term of five (5) years in c...
Click here for full text