Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Information Control Company LLC and Information Control Company FED LLC (jointly known as “Information Control Company”) equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees to Columbus for a term of up to five (5) years. Information Control Company LLC and Information Control Company FED LLC will invest approximately $833,000 related to the acquisition of machinery, equipment, furniture, fixtures, stand-alone computers (including software), and leasehold improvements, retain 423 full-time permanent positions with an estimated annual payroll of approximately $38 million, and create 75 new full-time permanent positions with an estimated new annual payroll of approximately $4.875 million.
Headquartered in Columbus, Information Control Company is a leading provider of enterprise technology solutions. With a staff of more than 500 highly-trained consultants, they are experts in strategy, user experience, visual design, engineering, project management, business analytics and quality assurance. Using these skills, Information Control Company develops and deploys innovative, business-critical solutions that enable Fortune 500 and mid-market organizations to improve operational efficiencies.
Information Control Company LLC and Information Control Company FED LLC are proposing to expand their existing headquarters, development center, and analytics operations beyond their current 50,000-square-foot facility located at 2500 Corporate Exchange Drive, Suite 300 Columbus Ohio, 43231 by leasing an additional 10,000 square feet within the same building on Corporate Exchange Drive.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Jobs Growth Incentive with Information Control Company LLC and Information Control Company FED LLC...
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