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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