Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with The Sophic Group, Inc. dba Improving Enterprises, Inc. (Improving Enterprises, 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 creation and employment opportunities for the citizens of Columbus.
Improving Enterprises, Inc. is a complete IT services firm, offering training, consulting, recruiting and project services to its customers in the United States and Canada. The company began as Blue Ocean Group, Inc., but merged in January 2007, to become Improving Enterprises, Inc. In December 2010, Improving Enterprises, Inc. acquired a Columbus-based company, The Sophic Group, Inc. This expanded the company’s reach into the Midwest combining the established training, consulting, and project management capabilities of each to maximize the benefits of their existing and future clients. Improving Enterprises, Inc. is based in Dallas, Texas with operations in Calgary, Canada, College Station, Texas, Columbus, Ohio, Houston, Texas and Minneapolis, Minnesota.
Improving Enterprises, Inc. is proposing to invest approximately $65,000, which includes machinery, equipment, stand-alone computers, furniture and fixtures to expand its Midwest office. With this expansion, the company plans to launch a fully integrated Financial Services division as well as hire additional support staff to accommodate the company’s growth. Improving Enterprises, Inc. will enter into a new lease agreement on their existing office space consisting of approximately 6,000 square feet (with an option to add additional square-footage) at One Easton Oval, Suite 175 Columbus, Ohio 43219, retain 24 existing full-time jobs with an annual payroll of approximately $2.21 million and create 30 new full-time permanent positions with an new associated annual payroll of appro...
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