Economic development agreements that could retain up to 80 jobs and add more than 700 to Dublin's economy has been approved by city council.

Economic development agreements that could retain up to 80 jobs and add more than 700 to Dublin's economy has been approved by city council.

Dublin City Council on Jan. 24 unanimously approved six incentive packages to retain or draw companies to the city, eventually resulting in more than $8-million for the city.

The largest economic development agreement offered to Alcatel-Lucent isn't certain to draw the company to Dublin, however.

The city is offering the telecommunications equipment manufacturer a $500,000 location grant, two fiber-optic lines in the DubLink system and performance incentives on income tax withholdings, which is estimated to cost the city about $1.5-million over the 10-year agreement. In return, Alcatel-Lucent would locate in Dublin for 10 years, bringing more than 500 jobs.

The city anticipates netting $6.3-million during the 10-year agreement.

Alcatel-Lucent is looking at moving from its current location on East Broad Street in Columbus, said Colleen Gilger, economic development administrator.

"We're been identified as the final choice in Ohio," she said, adding that other states are being considered.

Paul Erwin, director of communications for the company, told council members the current building "no longer fits the needs of our employees.

"We're very committed to staying in Ohio because we've had such a great run here," he said.

"We'd really like to retain these jobs for the region," Mayor Tim Lecklider told him.

Erwin said the company is still in negotiations with a landlord and isn't sure how soon the company will make a decision on where it will locate.

Another incentive package approved this week will bring more Nationwide Children's Hospital facilities to Dublin, and includes a $15,000 location grant and a five-year 25 percent performance incentive on new income tax withholdings, which is capped at $75,000.

In return, Nationwide Children's Hospital will build a 22,000-square-foot Sports Medicine and Orthopedics facility on Venture Drive that will bring 52 jobs to Dublin by the end of 2015.

Gilger said the agreement also includes a second clause with identical incentives that could bring a 30,000-square-foot medical office building to Dublin before the end of 2020.

"This will more than double our presence (in Dublin)," Bill Byers, vice president of external relations for Nationwide Children's Hospital said.

Council also approved a three-year 20 percent performance incentive on income tax withholdings, which is capped at $22,000, with Fast Switch.

The agreement will allow the Dublin-based information technology company to create 25 new jobs by the end of 2013.

"We've been here in Dublin since 1996 and we have about 300 employees. We'd really like to stay here," said Mark Pukita, Fast Switch chief operating officer.

Fast Switch grew by about 65 percent last year and Pukita said he expects to grow by 25 percent over the next few years.

Other economic development agreements approved were:

A deal with Equity Resources that will bring 12 new jobs to Dublin for incentives capped at $12,500 over the four-year agreement.

A four-year incentive package capped at $34,000 for Infomotion Technologies Inc. for creating 45 new jobs in Dublin by the end of 2014.

A four-year, 18-percent performance incentive on income tax withholdings for HealthSpot. The healthcare technology company will create 60 new jobs by the end of 2014.

Council members applauded the economic development department for its hard work.

"There is not one person that came up (before council) that didn't mention the great economic environment in Dublin," Cathy Boring said.