Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Columbus Downtown Office Incentive with CrossChx, Inc.
Founded in the spring of 2012, CrossChx, Inc. develops and deploys real-time biometric solutions to prevent medical identity fraud, improve health outcomes, and enable nationwide health information exchange. By scanning the patient's fingerprint, CrossChx instantly verifies a patient's identity and links the patient to the appropriate medical benefits to make it easier for healthcare professionals to ensure the right person receives the right care.
In April of 2013 CrossChx, Inc. became the first investment of Columbus-based venture capital firm Drive Capital, now the largest venture capital firm between New York and San Francisco. This investment was followed by a $15 million Series B infusion by Menlo Park California-based Khosla Ventures and founding investor Drive Capital in April of 2015. With new funding to grow, the CrossChx solution is expected to continue to mature with a focus on expanding into new health systems and developing and deploying a mobile-based platform. Today, CrossChx has been deployed in more than 105 hospitals across eight states and has resolved more than 16.3 million identities.
CrossChx, Inc. is proposing to relocate operations from 100 E. Broad Street, Columbus, Ohio 43215 and lease, renovate, and equip approximately 30,000 square feet of existing office space located in the former Karlsberger Cos. Building, 99 East Main Street, Columbus, Ohio 43215. The company will invest approximately $1,800,000 related to leasehold improvements, the acquisition of machinery, equipment, furniture, fixtures, and stand-alone computers, retain and relocate 32 full-time permanent positions, and create 68 new full-time permanent positions with an associated annual payroll of approximately $4,864,500.
CrossChx, Inc. is requesting a Columbus Downtown Office Incentive from the City of Columbus to assist ...
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