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File #: 3033-2019    Version: 1
Type: Ordinance Status: Tabled Indefinitely
File created: 11/13/2019 In control: Economic Development Committee
On agenda: 12/9/2019 Final action:
Title: To authorize the Director of the Department of Development to enter into an Enterprise Zone Agreement with AmerisourceBergen Drug Corporation for a tax abatement of seventy-five percent (75%) for a period of ten (10) consecutive years in consideration of the company’s proposed capital investment of $32,500,000.00, the creation of 28 new full-time permanent positions and retention of 161 full-time permanent positions.
Attachments: 1. ORD3033-2019 Amerisource - Site Map, 2. ORD3033-2019 Amerisource - Fact Sheet EZ
Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with AmerisourceBergen Drug Corporation. The Ohio Enterprise Zone law Section 5709.62(C) of the Ohio Revised Code requires the City to enter into Council-approved agreements between the City and participating companies.

Based out of Chesterbrook, Pennsylvania, AmerisourceBergen Drug Corporation (“AmerisourceBergen”) is one of the largest global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. The company has operations in the United States, Canada, and the United Kingdom. With services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services, AmerisourceBergen delivers innovative programs and solutions across the pharmaceutical supply channel in human and animal health.

AmerisourceBergen is proposing to invest a total project cost of approximately $32,500,000, which includes $12,600,000 in real property improvements and $19,900,000 in machinery, equipment, furniture and fixtures to construct an approximately 76,000 square-foot addition onto an existing warehouse distribution facility at 3605 LaSalle Drive, Columbus, Ohio 43137, parcel number 495-263641 (“Project Site”). Additionally, the company will retain 161 full-time employees with an associated annual payroll of approximately $5,871,237 and create 28 net new full-time permanent positions with an estimated annual payroll of approximately $873,600 at the Project Site.

The Department of Development recommends 75%/10-year Enterprise Zone tax abatement on real property improvements.

The Columbus City School Board of Education has been advised of this project

FISCAL IMPACT: No funding is required for this legislation

Title
To authorize the Director of the Department of Development to enter into an Enterprise Zone Ag...

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