Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Columbus Downtown Office Incentive Agreement with ODW Logistics, Inc.
Established in 1971 in Columbus, Ohio, ODW Logistics, Inc. (“ODW”) is a third party logistics (3PL) provider. ODW provides warehousing and distribution, transportation management, and supply chain solutions to a variety of companies throughout North America. ODW Logistics, Inc. is still headquartered in Columbus and has operations in Chicago, Milwaukee, Cincinnati and Los Angeles. With more than four million square feet of warehouse space, ODW Logistics, Inc. is able to provide unparalleled solutions in the 3PL industry.
ODW Logistics, Inc. intends to relocate headquarters operations from 1580 Williams Road, Columbus, Ohio 43207 in the coming months to support projected growth, growing client demands and space requirements. ODW Logistics, Inc. will lease, renovate, and equip approximately 19,737 square feet of newly-renovated office space in the Buggyworks office project located at 400 W. Nationwide Blvd., Suite 200, Columbus, Ohio 43215. ODW Logistics, Inc. will invest approximately $1,838,000 related to improvements to an existing building, furniture, fixtures, and computers, retain and relocate 62 full-time permanent positions with an associated annual payroll of approximately $5,555,754, and create 25 new full-time permanent positions with an associated annual payroll of approximately $2,015,000.
ODW Logistics, Inc. is requesting a Columbus Downtown Office Incentive from the City of Columbus to assist in the expansion of its operations.
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 ODW Logistics, Inc.
Body
WHEREAS, the City desires to increase employment opportunities and encourage establishment of new jobs in the City in order to improve t...
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