Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Columbus Downtown Office Incentive with OhioHealth Group, Ltd.
OhioHealth Group, Ltd. provides managed care products and services in the United States. It offers health care services through a network of doctors and hospitals. The company also provides infrastructure facilities to integrate physicians and hospitals. In addition, the company offers credentialing and repricing services. OhioHealth Group, Ltd. provides its services to self-funded employers and union groups, brokers, benefit consultants, third party administrators, and insured carriers. The company was founded in 1985 and is headquartered in Columbus, Ohio. Ownership of OhioHealth Group, Ltd. is shared equally between OhioHealth Corporation and The Medical Group of Ohio.
OhioHealth Group, Ltd. is proposing to relocate operations from 445 Hutchinson Ave., Columbus, Ohio 43235 and lease, renovate, and equip approximately 15,477 square feet of existing office space located at 155 E. Broad Street, Columbus, Ohio 43215. The company will invest approximately $100,000 towards machinery and equipment acquisition, retain and relocate 41 full-time positions, and create approximately 65 new full-time permanent positions with an associated annual payroll of approximately $4,426,000.
OhioHealth Group, Ltd. would qualify 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 $276,635.00 over a term of up to five (5) years. The Development Department recommends granting the Columbus Downtown Office Incentive Program to OhioHealth Group, Ltd.
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 Program Agreement with OhioHealth Group, Ltd. as provided in Columbus City Council Resolution 0088X-2007, ado...
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