Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with FCX Performance, Inc., Integrated Plant Services Inc., and Instrumentation Services, Inc., equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees to Columbus for a term of three (3) years.
Headquartered in Columbus, Ohio and founded in 1999 with antecedents dating back to 1984, FCX Performance, Inc. distributes and repairs valves, instruments, pumps, compressors, boilers and related process equipment. The company serves end users, original equipment manufacturers, and engineering and construction firms across the chemicals processing, pulp and paper, pharmaceutical, industrial gas, and other industrial end markets. The company has 23 locations serving 33 states and 410 employees.
Integrated Plant Services, Inc., formed in 1999 and wholly-owned by FCX Performance, Inc., provides field and shop valve repair services to those in the power generation, refining, chemical processing, and pulp and paper markets in Ohio and contiguous states. Instrumentation Services, Inc. was acquired by FCX Performance, Inc. in 2012 and provides instrument repair, calibration, project management, and systems integration services to those in the industrial and municipal markets.
In total, FCX Performance, Inc., Integrated Plant Services Inc., and Instrumentation Services, Inc., are proposing to renovate their current commercial space located at 3000 E. 14th Avenue, Columbus, Ohio 43219 (Parcel Number 010-105124) and relocate approximately 12 FCX Performance, Inc. positions from their joint site to an 11,400 square foot leased space located at 1149 Rarig Avenue, Columbus, Ohio 43219 (Parcel Number 010-183723), less than a quarter of a mile away. Leasehold improvements and machinery and equipment acquisition will accommodate the construction of a clean room designed to service the valves, instruments, and pumps to...
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