3160-2024
To authorize the Director of the Department of Development to enter into an Enterprise Zone Agreement with FlightSafety International, Inc. & FlightSafety Textron Aviation Training LLC (the "Enterprise") for a tax abatement of seventy-five percent (75%) for a period of ten (10) consecutive years in consideration of the Enterprise investing a total project cost of approximately $44,084,667.00, the retention of one hundred and sixty-two (162) full time positions with an associated annual payroll of $18,616,296.00, and the creation of thirty-five (35) net new full-time permanent positions with an estimated annual payroll of approximately $3,290,000.00 at the proposed Project Site. ($0.00)
What this record is
- Amount
- $44.1M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic Development & Small and Minority Business Committee
- Requested by
- Dev Drafter
- Introduced
- November 8, 2024
- On agenda
- December 16, 2024
- Passed
- December 18, 2024
Where it was heard
Columbus City Council Columbus City CouncilWatch what Columbus buys
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