Explanation
BACKGROUND: The Department of Development is proposing to enter into a Columbus Downtown Office Incentive Agreement with Pillar Technology Group, Inc. Pillar Technology Group, Inc. is a software development and strategic business consulting company that creates innovative software solutions for companies across the United States. The company was founded in 1996 by Gary Gentry, current Chairman of the Board, in Ann Arbor, Michigan. The company maintains multiple operations in several states including; California, Colorado, Georgia, Iowa, Michigan, Nebraska and Ohio. The company has developed a unique approach to development in that the company focuses on how to improve the operation of a client’s business, then designs a software solution around those recommendations. With this concept, Pillar Technology Group, Inc. has created its own approach to agile software development called Speed to Value (S2V) that shorten the time in which Pillar’s solutions show a positive return for its customers.
Pillar Technology Group, Inc. is proposing to expand its Columbus operation by investing approximately $600,000 which includes leasehold improvements, furniture and fixtures, to expand its office space from 5,000 square feet to 8,000 square feet, enter into a long-term lease agreement, retain 56 full-time jobs and create 40 full-time permanent positions with annual payroll of approximately $3,000,000. Pillar Technology Group, Inc. qualifies for the Columbus Downtown Office Incentive in an amount equal to fifty percent (50%) of the payroll taxes paid on the new positions or approximately $187,500.00 over a term up to five (5) years. The Development Department recommends granting the Columbus Downtown Office Incentive Program to Pillar Technology Group, 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 Pillar Techno...
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