Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with PRIME AE Group, Inc. 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 for the purposes of job retention and the creation of employment opportunities for the citizens of the Columbus community.
PRIME AE Group, Inc. has expanded rapidly in the past few years. Formerly known as Prime Engineering, Inc. (PEI), the company was founded in 2007 as a spin-off of the Maryland and Pennsylvania Offices of Prime Engineering & Architecture, Inc. (PEA), which was founded in 1992 in Ohio. PEI grew quickly through strategic acquisitions and expansion into new markets and organic growth. In 2010, PEI acquired United International Corporation (UIC), a well-established engineering firm with offices in Connecticut, Massachusetts, and Rhode Island. As a result of these acquisitions, strong internal growth and the increasing depth and breadth of services provided, PEI became PRIME AE Group, Inc. In November of 2013, PRIME AE Group, Inc. acquired 3SG, a successful provider of technology solutions headquartered in Dublin, Ohio, now known as PRIME Technology Group (PRIME Tech), the firm provides implementation and customization services for Enterprise Content Management, GIS and document imaging. Today, PRIME AE Group, Inc. has more than 200 professional employees with 65 licensed architects and engineers with an average of 25 years of experience and two of only 300 Registered Roof Consultants in the US.
PRIME AE Group, Inc. is proposing to invest approximately $1.29 million in leasehold improvements, which includes stand-alone computers, furniture and fixtures to expand its Water Resources, CM/CI, Transportation and Technology divisions. The company will concentrate on expanding its’ Geographic Information Systems (GIS) and Enterprise Content Management departments. PRIME AE ...
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