Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with ROSEN USA, Inc. (ROSEN) equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term up to five (5) years. ROSEN will make an investment of approximately $733,000, which includes leasehold improvements, machinery, equipment, furniture and fixtures to establish an office warehouse facility in the City of Columbus.
ROSEN is a privately-held and family-owned company established in 1981 by Hermann Rosen, headquartered in Houston, Texas. Immediately after finishing his studies, Mr. Rosen started an engineering and consultancy firm for electric design and home automation in Lingen, Germany. In 1981, he founded Rosen Engineering GmbH in Germany, today known as the ROSEN Group. ROSEN USA, Inc. is a subsidiary of the ROSEN Group, which provides a range of services for the mining, oil and gas industries. In addition, the company offers inspection services, such as cleaning, in-line inspection, plant and terminal inspection, robotic inspection, and hydrostatic testing and commissioning. The company also provides data services, which include ROSOFT for Pipelines, client software that summarizes the inspection survey of a pipeline structure; and ROSOFT for Tanks, client software that summarizes the inspection survey of a tank’s structure. ROSEN offers asset integrity management solutions, such as integrity support and software solutions.
ROSEN USA, Inc. is proposing to invest approximately $733,000.00, which includes leasehold improvements, machinery, equipment, furniture, and fixtures to establish an office warehouse facility in the City of Columbus. The company will enter into a long term lease agreement on a vacant commercial property consisting of approximately 19,000 square feet and create 15 new full-time permanent positions with an estimated annual payroll of approximately $975,000.00.
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