Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Downtown Office Incentive Agreement with HealthPlan Data Solutions, Inc.
HealthPlan Data Solutions, Inc., headquartered in Columbus, Ohio, was established in 2010 by pharmacists, business executives, and software development professionals who saw a need for a more objective, fact-based approach to managing pharmacy benefit costs. They provide clients with a partner who will protect their interests and leverage data to advocate for them, ensuring their pharmacy benefit managers are honoring their contracts.
HealthPlan Data Solutions, Inc. intends to lease, equip, and occupy approximately 7,800 square-feet of office space at 444 N. Front Street, Suite 101 Columbus, Ohio 43215 (“Project Site”). The project will allow HealthPlan Data Solutions, Inc. to expand their headquarters operations.
HealthPlan Data Solutions, Inc. anticipates investing approximately $225,000 to build out and equip the Project Site. HealthPlan Data Solutions, Inc. will retain 31 employees with an annual payroll of $3,322,000 and expects to create approximately 30 net new full-time permanent positions with an associated new annual payroll of approximately $3,100,000.
HealthPlan Data Solutions, Inc. is requesting a Downtown Office Incentive from the City of Columbus to assist in the expansion of operations in Columbus.
FISCAL IMPACT: No funding is required for this legislation
Title
To authorize the Director of the Department of Development to enter into a Downtown Office Incentive Agreement with HealthPlan Data Solutions, Inc. as provided in Columbus City Council Resolution 0088X-2007, adopted June 4, 2007.
Body
WHEREAS, the City desires to increase employment opportunities and encourage establishment of new jobs in the City in order to improve the overall economic climate of the City and its citizens; and
WHEREAS, Resolution 0088X-2007, adopted June 4, 2007, authorized the Department of ...
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