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File #: 1870-2020    Version: 1
Type: Ordinance Status: Passed
File created: 8/7/2020 In control: Economic Development Committee
On agenda: 9/21/2020 Final action: 9/24/2020
Title: To authorize and direct the City Auditor to transfer an amount not to exceed $10,274,785.13 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $2,568,696.28 in cash from the Special Income Tax Fund to the General Fund; to authorize and direct the City Auditor to make payments not to exceed a total of $10,274,785.13 in accordance with the Jobs Growth Incentive (JGI) Program for the 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 tax year 2019 (also calendar year and/or report year) in 2020; to authorize the expenditure not to exceed of $10,274,785.13 from the General Fund; and to declare an emergency.
Attachments: 1. ORD1870-2020 02 DAX RY2019 (2020) JGI Payment Work Sheet, 2. ORD1870-2020 03b RY2019 (2020) JGI Principal Parties List
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 2019 reporting (tax) year. Emergency action is requested so that the City can authorize payment by the end of the second quarter of this year in accordance with the Jobs Growth Incentive Program agreements.

For tax year 2019 (also calendar year and/or report year), the City of Columbus had a total of twenty-26 (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 2019. The total dollar amount to be disbursed for these twenty-six (26) 2019 JGI payments is $10,274,785.13. The twenty-six (26) projects with the JGI payment subtotals are as follows: (1) $6,099.45 to Blue & Co., LLC; (2) $6,189.62 to ComResource, Inc.; (3) $29,529.99 to ContactUS, LLC; (4) $107,213.91 to CoverMyMeds LLC; (5) $7,029.21 to The Crimson Cup, Inc.; (6) $10.640.39 to Daifuku America Corporation; (7) $14,802.51 to Engineered Profiles LLC; (8) $3,562.49 to FedEx Supply Chain, Inc.; (9) $5,747.15 to FlightSafety International, Inc.; (10) $2,272.95 to G&J Pepsi-Cola Bottling Company, Inc.; (11) $8,384.92 to Huckberry, Inc.; (12) $1,323,740.91 to The Huntington National Bank; (13) $1,370.93 to Installed Building Products, Inc.; (14) $4,734.65 to Koorsen Fire & Security, Inc.; (15) $2,417.19 to The Kroger Company dba Central Fill; (16) $11,528.46 to Morgan Stanley Domestic Holdings, Inc. dba Morgan Stanley & Co. LLC; (17) $1,140,069.93 to Nationwide Children’s Hospital, Inc.; (18) $1,773,679.38 to Nationwide Mutual Insurance Company; (19) $5,367,686.35 to The Ohio State University Wexner Medical Center; (20) $8,868.90 to PRIME AE Group, Inc.; (21) $317,829.98 to Root, Inc.; (22) $1,969.50 to Total Quality Logistics, LLC; (23) $18,958.20 to Total System Services, Inc.; (24) $45,74...

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