Explanation
BACKGROUND: This legislation authorizes the payments to employers who have met the requirements of their Jobs Growth Incentive Program (JGI) agreement and are eligible for payment for the 2016 reporting (tax) year. Emergency action is requested so that the City can make payment by the end of the second quarter of this year in accordance with the Jobs Growth Incentive Program agreements.
FISCAL IMPACT: For tax year 2016 (also calendar year), the City of Columbus had a total of twenty-six (26) active and reporting JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for calendar year 2016. Twenty-five (25) of those projects are address via this legislation; the twenty-sixth (26th) project will be addressed via separate legislation. The total dollar amount to be disbursed for these twenty-five (25) 2016 JGI payments is $10,647,340.97. The twenty-five (25) projects with the JGI payment subtotals are as follows: (1) $ 4,436.00 to Arlington Contact Lens Service, Inc. dba AC Lens & National Vision, Inc. (2) $9,011.99 to ComResource, Inc.; (3) $45,881.07 to Core Molding Technologies, Inc.; (4) $2,403.53 to The Crimson Cup, Inc.; (5) $1,404.36 to Daifuku America Corporation; (6) $224,952.13 to DSW Inc. & Subsidiaries dba DSW, Inc.; (7) $11,917.17 to Engineered Profiles LLC; (8) $4,238.26 to FIMM USA, Inc.; (9) $10,808.44 to FlightSafety International, Inc.; (10) $3,793.01 to Food Safety Net Services - Ohio, LLC; (11) $157,119.73 to Grange Mutual Casualty Company; (12) $1,675,054.92 to The Huntington National Bank; (13) $11,263.50 to International Technical Coatings, Inc.; (14) $18,197.57 to The Kroger Company dba Central Fill; (15) $72,666.44 to The Loeb Electric Company; (16) $1,935,047.36 to Nationwide Children’s Hospital, Inc.; (17) $2,969,699.17 to Nationwide Mutual Insurance Company; (18) $3,224,171.01 to The Ohio State University Wexner Medical Center; (19) $15,163.33 to PRIM...
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