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File #: 1614-2019    Version: 1
Type: Ordinance Status: Passed
File created: 6/6/2019 In control: Economic Development Committee
On agenda: 7/22/2019 Final action: 7/25/2019
Title: To authorize the Director of the Department of Development to enter into a Columbus Downtown Office Incentive Agreement with Adept Marketing Outsourced LLC.
Attachments: 1. ORD1614-2019 Adept Marketing - Fact Sheet, 2. ORD1614-2019 Adept Marketing - Project Site Map
Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Columbus Downtown Office Incentive Agreement with Adept Marketing Outsourced LLC (“Adept Marketing”).

Adept Marketing was founded in 2008 by two co-founders, Danielle Walton and Justine Spring, in Columbus, Ohio. Adept Marketing is a marketing and communications firm specializing in digital marketing for various industries including healthcare, retail, education, finance, real estate, insurance, accounting and professional services. The organization has been operating for only 11 years and has won many accolades including: Columbus Business First Fast 50 in 2014, 2016 and 2017, Columbus Business First Best Places to Work in 2012 and 2013, Inc.’s 5000 in 2015, 2016, 2017 and 2018. Adept Marketing has a wide range of clients including AEP, Battelle, Columbus Chamber of Commerce, Buckeye Power Sales, Cold Jet, The Columbus Foundation, Franklin University, City of Dublin, Pet Palace and many others.

Adept Marketing is proposing to invest a total project cost of approximately $150,000, which includes $100,000 in leasehold improvements and $50,000 in furniture and fixtures to expand its corporate headquarters (HQ) in the newly constructed commercial office facility at the redeveloped White Castle site. The company proposes to enter into a new lease agreement on an office space consisting of approximately 12,000 square feet at 555 Edgar Waldo Way, Columbus, Ohio 43215 (the “Project Site”), to accommodate its increased sales growth and consumer demands. Additionally, Adept Marketing will create 35 net new full-time permanent positions with an annual payroll of approximately $2,100,000 and retain 30 full-time positions with an annual payroll of approximately $2,734,990 at the proposed Project Site.

Adept Marketing is requesting a Downtown Office Incentive from the City of Columbus to assist in the expansion of this project. This legislation is presented as 30-day legisla...

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