Explanation
BACKGROUND: The need exists to enter into a Job Creation Tax Credit Agreement with NBBJ LLC. The Ohio Tax Credit Legislation (Section 718.15 of the Ohio Revised Code) authorizing such agreements became effective January 14, 1993 and requires the City to enter a Council-approved agreement between the City and a participating company.
Founded in 1943, NBBJ LLC is an architectural and design company that serves a range of firms and organizations that specialize in the design services of health care and corporate facilities. The company’s clients include Reebok, Cleveland Clinic, Massachusetts General Hospital and Microsoft Corporation. NBBJ LLC maintains a staff of more than 750 professionals in Beijing, Boston, Columbus, Hong Kong, Kuwait City, London, Los Angeles, New York, Pune, San Francisco, Seattle and Shanghai. It serves clients in the civic, corporate, commercial, health care and transportation markets. The company offers consulting, branding, planning, and interior and landscape design solutions. NBBJ LLC provides services for Fortune 500 companies. The company is recognized as one of the largest architecture firms in New York by Puget Sound Business Journal and is ranked as the #1 architecture firm in Columbus by Business First.
NBBJ LLC is proposing to relocate and expand its Columbus operation by making an investment of approximately $2,000,000 in leasehold improvements, which includes $360,000 in furniture and fixtures, create approximately 16 new full-time permanent positions with an estimated annual payroll of $1,120,000, retain and relocate 100 full-time jobs into a new office facility located in the southern downtown business district, further known as 250 South High Street.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to enter into a Job Creation Tax Credit Agreement of sixty-five percent (65%) for a period of six (6) years with NBBJ LLC in con...
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