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 2021 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 2021 (also calendar year and/or report year), the City of Columbus had a total of sixteen (16) JGI agreements for which employers met the requirements of their JGI agreements and thus are eligible to receive their benefit payments for calendar year 2021. The total dollar amount to be disbursed for these sixteen (16) 2021 JGI payments is $10,605,766.47. The sixteen (16) agreements with the JGI payment subtotals are as follows: (1) $332,741.69 to CoverMyMeds LLC; (2) $1,325,610.47 to The Huntington National Bank; (3) $4,304.97 to Installed Building Products, Inc.; (4) $13,193.08 to Koorsen Fire & Security, Inc.; (5) $63,124.58 to Morgan Stanley Domestic Holdings, Inc. dba Morgan Stanley & Co. LLC; (6) $1,102,563.31 to Nationwide Children’s Hospital, Inc.; (7) $32,068.37 to Northwest Bank; (8) $2,742.77 to OFFOR Health, Inc. dba Smile MD; (9) $6,563,871.55 to The Ohio State University Wexner Medical Center; (10) $52,272.93 to OhioHealth Corporation; (11) $953,941.67 to Root, Inc.; (12) $3,202.08 to Total Quality Logistics, LLC; (13) $25,919.38 to Total System Services, Inc.; (14) $52,367.25 to U.S. Bank National Association; (15) $46,191.96 to Williams Lea Inc. and (16) $31,650.41 to Woda Cooper Companies, Inc.
Tax year 2021 (also calendar year and/or report year) is the first report year (RY) for OFFOR Health, Inc. dba Smile MD and the payment to Root, Inc. is for both RY2020 and RY2021 as Root, Inc. missed the reporting cycle for the first year of their incentive term.
Emergency action is requested so that the City can make payment in accordance ...
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