Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A JOB CREATION GRANT AGREEMENT WITH ON SEARCH PARTNERS, LLC; AND DECLARING AN EMERGENCY.
Executive Summary: On Search Partners, LLC is seeking a Job Creation Grant from the City of Hudson for their corporate headquarters location.
Body
Legislative History
None.
Purpose & Explanation
On Search Partners, LLC relocated to Hudson from Solon in May 2018. Due to a corporate oversight, the company relocated to Hudson before securing the incentive. The Hudson Economic Development Incentive Committee met on Thursday, August 16, 2018 and approved a Job Creation Grant for On Search Partners, LLC
Timing Considerations
The Job Creation Grant approved is for 50% income tax refund for 6 years.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends approval of the Job Creation Grant for On Search Partners, LLC
Submitted by,
Jane Howington, City Manager
Jim Stifler, Economic Development Director