Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Jendco Inc. dba Jendco Safety 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.
Jendco Inc. is a family owned and operated wholesale distribution company headquartered in Southeast Columbus. Established in 1989 by Beth Jarvis, the company is a global distributor of safety and industrial products. The company wholesales various safety products from top manufacturers supply such as DuPont Personal Protection, Honeywell Industrial Safety, Miller Fall Protection, MSA, Allergo, Air Systems, Accuform, Gateway, Chicago Protective Apparel, First Aid Only, Jackson Safety, HexArmor, and many more.
Jendco Inc. is proposing to invest approximately $310,000, which includes leasehold improvements, stand-alone computers, furniture and fixtures while Integrity Drive East LLC (Jendco Inc.’s real estate holding company that is owned by Beth Jarvis) will invest approximately $1.1 million in acquisition costs to expand and relocate Jendco Inc.’s corporate headquarters. The company will move from a 10,000-square-foot facility to a vacant office warehouse space consisting of approximately 34,840 square feet at 1303 Alum Creek Drive Columbus, Ohio, 43209. Jendco Inc. will enter into a lease agreement (with its own real estate holding company, Integrity Drive East LLC), retain and relocate 14 full-time positions with an associated annual payroll of approximately $1.21 million and create 16 new full-time permanent positions with an estimated annual payroll of approximately $890,240, resulting in new income tax revenue for the City of Columbus.
Jendco Inc. is requesting a Jobs Growth Incentive from the City of Columbus to assist in the expansion of this project. This legislation...
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