Council To Pass Tax Incentives For Job Creation
Columbus City Council tonight is expected to approve tax breaks for three profitable businesses, including one based in Japan.
Jim Letizia reports.
City officials say the tax breaks, worth nearly 850-thousand dollars, will help create nearly 550 jobs. The Japanese company Daifuku America will get a five year, 25 percent income tax break worth 168 thousand dollars to create 80 jobs at its plant on Tussing Road. The company makes products for the auto industry. The city expects to collect 503 thousand dollars in tax revenue under the deal. Columbus-based customer service business ContactUS will get a 5 year, 25 percent income tax break worth nearly 319 thousand dollars to create 350 call center jobs and renovate a former grocery store building in the Mill Run shopping center on Fishinger Boulevard. The city says that deal will create nearly 956 thousand dollars in income tax revenue. Exel Freight Connect is getting a 50 percent income tax break over four years under the city's Downtown Office Incentive plan to create 117 jobs when it opens a centralized brokerage operation on North 5th Street. The city says the tax break is worth 361 thousand dollars to the company, and will generate 722 thousand dollars in income tax revenue.
Ed Note: Council approved the tax breaks at its February 3rd meeting.