Council Action to Bring $24 Million in Payroll and 185 New Jobs to City
The City
of Columbus' Commitment to Jobs and Building Strong Communities Expect to Yield
$32 Million in Capital Investments
[Columbus, OH] While COVID-19 continues to destabilize economies, the City of
Columbus continues to work with public and private partners to invest in the
future of the City and put the needs of families first. On Monday, June 15,
2020, Council will vote on legislation projected to spur business development,
create 185 new jobs and generate more than $24.4 million in new local payroll.
"We
are committed to short and long term action to build pathways out of poverty by
offering residents access to new jobs and ensuring that companies that grow are
investing back into our neighborhoods and schools," said Council President Shannon
G. Hardin. "The pandemic
battered and bruised America, but we are working to make sure we come out
strong as we transition into new realities."
Monday's
agenda includes ordinance 1192-2020 to provide performance incentives for
Sarepta Therapeutics, Inc., a global commercial biotechnology company focused
on genetic medicine for rare diseases. It is projected to create 100 new
full-time jobs with an estimated payroll of $12.3 million and capital
investments of $32 million. The proposed site will be located at 3435 Stelzer
Road.
Slalom,
LLC, is also growing, with the help of ordinance 1190-2020. Slalom is a
technology and business transformation firm expected to create 85 new full-time
jobs and retaining 19, with an estimated payroll of $12.1 million.
"These
opportunities are about the future of our City," said Councilmember and
Chair of Economic Development Committee Emmanuel
V. Remy. "Residents are
looking for stability, access to employment and long-term investment. These
projects lay a solid foundation for our community to build upon."
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