Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Columbus Downtown Office Incentive with Ohio Film Group, LLC.
Ohio Film Group, LLC (OFG), is a full-service post production company focused on high end film, TV and commercial projects. OFG was established in 2014 in Columbus in order to provide post-production services to media- and entertainment-based clients from around the world seeking the advantages of our low-cost, high-quality editing, VFX, animation, color grading, and sound-editing capabilities. OFG was founded by Leonard Hartman (President & COO) and Gilbert Cloyd (CEO).
OFG is proposing to invest in a 7,000 square-foot, state-of-the-art post-production facility to be renovated on the campus of the Columbus College of Art and Design (CCAD). This facility will not only provide services to high end film, TV and commercial clients, but also provide educational and post-graduate employment opportunities for students of CCAD and The Ohio State University.
OFG will invest approximately $1,175,000 in improvements, which includes leasehold improvements, new machinery and equipment, and on-site infrastructure. The company will enter into a long-term lease agreement at 380 East Broad Street in downtown Columbus and create 17 new full-time permanent positions with an annual payroll of approximately $1,390,880.
OFG is requesting a 50 percent, five-year Downtown Office Incentive from the City of Columbus to assist in the launch of its corporate headquarters.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Columbus Downtown Office Incentive Agreement with Ohio Film Group, LLC, as provided in Columbus City Council Resolution 0088X-2007, adopted June 4, 2007.
Body
WHEREAS, the City desires to increase employment opportunities and encourage establishment of new jobs in the City in order to improve the overall economic climate of the City ...
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