Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a dual-rate Jobs Growth Incentive Agreement with Quality Logistics, LLC dba Longship Logistics in an amount equal to (i) twenty-five percent (25%) of the City of Columbus income tax withheld on Columbus payroll of new employees and (ii) thirty-percent (30%) of the City of Columbus income tax withheld on the Columbus payroll of new employees, who are also City of Columbus residents at the end of each calendar year, both for a term of up to five (5) consecutive years.
Quality Logistics, LLC dba Longship Logistics (“Quality Logistics”) was founded in 2011 and is headquartered in Lexington, Kentucky. Quality Logistics is a third-party logistics company specializing in over-the-road truckloads of fresh, frozen, and dry shipments that meet the customized needs of their clients. Additionally, the company has created a special niche by leveraging technology and expertise to support the refrigerated distribution market. Quality Logistics does this through their four (4) main service areas; truckload services, expedited services, less-than-truckload services, and warehousing. These services are available in 48 states and Canada.
Quality Logistics is proposing to invest a total project cost of approximately $200,000.00 in leasehold improvements to establish logistic, administrative, sales and IT operations in Ohio. With this investment, the company proposes to enter into a lease agreement on a vacant commercial office facility consisting of approximately 6,500 square feet at 4449 Easton Way, Suite 100, Columbus, Ohio 43219, parcel number 010-241752 (the “Project Site”) The proposed project will allow Quality Logistics to expand into the Columbus region by creating fifty (50) net new full-time permanent positions with a cumulative associated estimated annual payroll of approximately $3,570,000.00 at the proposed Project Site.
This legislation is presented as 30-day legislation.
FI...
Click here for full text