A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A JOB CREATION GRANT AGREEMENT WITH PARTSSOURCE, INC; AND DECLARING AN EMERGENCY. Brief Description: PartsSource Inc. is requesting a 50% income tax credit for 10 years. The company, currently located in Aurora, Ohio, will relocate their headquarters operations to two floors within the facility at 50 Executive Parkway. The company operates an E-commerce platform for medical parts and services. PartsSource anticipates investing $2.1 million and will employ 300+ staff at the facility.

What this record is

Held by

PartsSource Inc

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Health & social

health & social contracts in OH that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Requested by

Community Development Department

Introduced

February 21, 2024

On agenda

March 19, 2024

Passed

March 19, 2024

Where it was heard

City Council Mar 19, 2024 City Council Mar 19, 2024 second reading City Council Mar 19, 2024 to suspend the rule requiring three readings Pass City Council Mar 19, 2024 adopted with rule suspension Pass City Council Workshop Mar 12, 2024 item forwarded City Council Mar 5, 2024 first reading City Council Workshop Feb 27, 2024 item forwarded

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