Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a dual-rate Jobs Growth Incentive Agreement with OhioHealth Corporation and identified related entities (collectively “OhioHealth”) in an amount equal to; (i) thirty-five percent (35%) of the City of Columbus income tax withheld on the Columbus payroll of new employees for a term of ten (10) consecutive years; and (ii) forty-five percent (45%) of the City of Columbus income tax withheld on the Columbus payroll of new employees, who are also City of Columbus residents at the end of each calendar year, for a term of ten (10) consecutive years.
OhioHealth Corporation is an Ohio nonprofit corporation originally formed in 1891 to operate a sole hospital, known as the Protestant Hospital Association of Columbus, and has grown to become a multi-hospital health care system. The OhioHealth [hospital network] System includes ten hospitals that are owned by OhioHealth or another member of the OhioHealth System and one joint venture, Ohio Rehabilitation Hospital. Those eleven hospitals collectively have approximately 28,000 full and part-time employees, physicians on staff, and volunteers.
OhioHealth is desirous to invest an estimated $89,000,000 in order to construct (±) 240,000 square feet of administrative office space and associated parking to be used by OhioHealth on their existing distribution center site located at 3420 Olentangy River Road Columbus, Ohio 43214 (parcel number 010-183740) (“Project Site”) in northwest Columbus and to provide further growth and expansion as more fully described below (together, the “Project”). OhioHealth commits to invest in both real and personal property and achieve the outlined employment commitments defined herein within a defined geographic area along Olentangy River Road and on Chatham Lane, known as the “Olentangy River Road Corridor”.
During the initial phase (Phase 1) of the Project, OhioHealth will construct at least 240,000 square ...
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