Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Columbus Downtown Office Incentive with Aver Informatics Inc.
Founded in June 2010 in Green Bay, WI, Aver Informatics Inc. creates healthcare bundled payment analytics software. Aver’s patented technology and design tools enable non-technical users to easily translate enterprise data into actionable intelligence. The software’s flexibility allows for the implementation of any type of bundled payment methodology and many other next-generation healthcare analytics.
A May 2014 investment in the company by Columbus-based venture capital firm Drive Capital prompted the relocation of operations to Columbus, OH and spurred tremendous growth. In less than one year, Aver has outgrown its space inside of Drive Capital’s office.
Aver Informatics Inc. is proposing to relocate operations from 448 W. Nationwide Blvd., Columbus, Ohio 43215 and lease and equip approximately 23,000 square feet of existing office space located in the Huntington Center, 41 South High Street, Columbus, Ohio 43215. The company will invest approximately $750,000 related to leasehold improvements and the acquisition of furniture and fixtures, retain and relocate 32 full-time permanent positions with an associated annual payroll of approximately $3,290,500, and create 200 new full-time permanent positions with an associated annual payroll of approximately $20.6 million.
Aver Informatics Inc. is requesting a Columbus Downtown Office Incentive from the City of Columbus to assist in the expansion of its corporate headquarters.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to enter into a Columbus Downtown Office Incentive Agreement with Aver Informatics Inc. as provided in Columbus City Council Resolution 0088X-2007, adopted June 4, 2007.
Body
WHEREAS, the City desires to increase employment opportunities and encourage es...
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