City Council to consider Chase incentive - Business First of Columbus:

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The $6.3 million incentive which includesa 10-year tax creditg and an eight-year Job Growtgh Incentive, is set for consideration as emergency legislation weekxs after the approved a 15-year, 75 percent tax credity valued at about $14 million for Chas e (NYSE:JPM). The company has pledged to creates 1,000 jobs in Columbus and 150 jobs in Westerviller over the nextfive years. Abouf 900 of those jobs would be createdc during the nextthree years. Under the incentive packags recommended by the Columbus Departmenrtof Development, the eight-year incentive from the city woulcd return $1.84 million in withheld payroll taxeas to the company over that term. The 10-yeard tax credit is worth $4.
476 million. Columbus would take in $5 million in corporatd franchise and income taxes afterthe Chase’s investment for the projecf totals about $16 million, while work at its Polariss Parkway facility is schedule d to begin next month, according to informatio from the city. JPMorgan Chase also is considering sites in New home to itscorporate headquarters, along with Michigan, Louisiana and Texas. The compangy ranks as the third-largest employer in Central Ohio, with nearlh 11,000 of the current 14,000 jobs in the region in Included in the jobs totalare 3,000 workersd in Westerville.