Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with JBG Enterprises, LLC and America’s Floor Source, LLC. The Ohio Enterprise Zone law O.R.C. Section 5709.62(C) requires the City to enter into a Council-approved agreement between the City and participating companies.
JBG Enterprises, LLC is a real estate holding company owned by Jason Goldberg, the founder and owner of America’s Floor Source, LLC, a flooring company serving the builder property management, wholesale, retail and commercial market industries. America’s Floor Source, LLC was established in 2000 and has helped select and install a wide variety of flooring types that include carpet, hardwood, vinyl, LVT, tile, bamboo and cork for thousands of customers; homebuilders, homeowners, building superintendents, property managers, landlords, business owners, remodelers, etc. The company’s Mobile Floor Source has revolutionized the way customers are able to select their new flooring solutions by bringing the showroom to their living room.
JBG Enterprises, LLC proposes to invest approximately $3.5 million, which includes $2.92 million in new construction and approximately $577,000 in acquisition cost for machinery, equipment, furniture and fixtures to construct a 40,000 square-foot office, warehouse and training facility on a vacant land parcel at Millennium Court, parcel number 010-261507. America’s Floor Source, LLC will lease the office, warehouse and training facility from JBG Enterprises, LLC to expand its corporate headquarters, create 16 new full-time permanent positions with an estimated annual payroll of approximately $639,280 and retain 119 full-time jobs with an annual estimated payroll of approximately $7.13 million. In addition, JBG Enterprises, LLC has acquired a 9,839 square-foot office facility at 2360 Citygate Drive Columbus, Ohio 43219, next to the vacant land parcel, which will be used for additional office space for America’s Floor Source, LLC’s retai...
Click here for full text