Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a dual-rate Jobs Growth Incentive Agreement with Huckberry, Inc. in an amount equal to (i) twenty-five percent (25%) of the City of Columbus income tax withheld on the Columbus payroll of new employees and (ii) thirty percent (30%) 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, both for a term of three (3) consecutive years.
Huckberry, Inc. (“Huckberry”) is an e-commerce retailer of men’s clothing, housewares, and camping gear launched in 2010 and headquartered in San Francisco, California. Huckberry is an online shop and journal that inspires more active, adventurous, and stylish lives through members-only sales and original story-telling. Huckberry Co-Founders take pride that the brand, “is equal parts store, magazine, and inspiration”.
Huckberry is proposing to relocate a large portion of their warehousing, and related business operation, into an existing distribution center located at 6600 Donn Eisele Road, Suite #2 Columbus, Ohio 43217 where the company will lease approximately 62,500 square feet. Administrative/headquarter operations will remain in San Francisco. The project involves a total investment of approximately $100,000 related to the acquisition of machinery/equipment and furniture/fixtures, and leasehold improvements.
Huckberry anticipates creating 158 new full-time permanent positions in support of this project with an associated new annual payroll of approximately $5,226,520. The new positions include warehouse and customer service positions.
FISCAL IMPACT: No funding is required for this legislation
Title
To authorize the Director of Development to enter into a dual-rate Jobs Growth Incentive with Huckberry, Inc. for a term of three (3) consecutive years in consideration of investing an estimated $100,000.00 and creating 158 new ful...
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