Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with McDaniel’s Construction Corp., Inc. (McDaniel’s Construction) The Ohio Enterprise Zone law O.R.C. Section 5709.62 (3) requires the City to enter into a Council-approved agreement between the City and participating companies.
Incorporated in 1987, McDaniel’s Construction is a contractor that undertakes construction projects of all types and sizes. McDaniel’s Construction main lines of business include; General Contractors, M.W.B.E.-General Contractors, M.W.B.E.-Paving & Road Construction, Pavement Treatments, Coatings & Sealants, and Paving Contractors. The company's customers are comprised of governmental agencies, corporations, municipalities, general contractors and the private sector. Some of McDaniel’s Construction projects include African Road, Antrim Park, Rediness Center in Chillicothe, Hoover Mud Flats, Rickenbacker Fire Station, Scioto Greenway, State House Sidewalk and South Campus Gateway. Some of McDaniel’s Construction clients include: OSU, Children’s Hospital, Ohio Air National Guard, Ohio Dept. of Corrections and Ohio Dept. of Natural Resources as well as other public and private entities.
McDaniel’s Construction is proposing to invest approximately $1.1 million in new construction, which includes furniture and fixtures, to build a new corporate headquarters consisting of roughly 10,000 square feet. The company will create 2 new full-time permanent positions with an estimated annual payroll of approximately $90,000 and retain 15 full-time employees with an estimated annual payroll of approximately $1.48 million at the project site located at 1069 Woodland Avenue, within the City of Columbus Central Enterprise Zone.
The Department of Development recommends 75%/10-year Enterprise Zone tax abatement on real property improvements.
The Columbus City School District has been advised of this project.
FISCAL IMPACT: No funding is required for this legis...
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