Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a dual-rate Jobs Growth Incentive Agreement with Total Quality Logistics, LLC 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, for a term of up to five (5) consecutive years.
Total Quality Logistics, LLC is a third-party logistics (3PL) provider that was founded in 1997 by Ken Oaks in Cincinnati, Ohio. The company is the 2nd largest freight brokerage firm in North America by Transport Topics magazine, posting more than $445 million in net revenue off gross revenues of $2.2 billion. The company at first focused on the transportation of produce, leveraging the experience and relationships that Ken Oaks gained while working for years as a buyer in the industry. As a 3PL provider of domestic freight transportation and logistics services, Total Quality Logistics, LLC connects customers with full truckload (TL) and less-than-truckload (LTL) services. The company has the ability to connect customers to their network of more than 65,000 carriers creating greater efficiency in transportation and keeps the economy moving. Total Quality Logistics, LLC arranges the movement of more than 1.5 million loads of freight each year. The company’s sales topped $2.9 billion and it employs more than 5,000 people in 57 offices nationwide.
Total Quality Logistics, LLC is proposing to invest a total project cost of approximately $725,000 which includes $325,000 in leasehold in improvements, and $400,000 in furniture and fixtures to expand its Columbus offices to accommodate its increased sales growth and strategic growth initiative. With this expansion, the company proposes to enter into a new separate lease agreement on ...
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