Dublin will strive to keep 820 jobs and add 40 more with an incentive package approved for CareWorks this week.
Dublin City Council members on Feb. 25 unanimously approved an economic development agreement with the company that is headquartered in Dublin.
It provides medical management services for workers' compensation, disability and absence, as well as risk management services.
The agreement is a three-year, 15-percent performance incentive on income tax withholdings collected by the city from 2015-2017 and is capped at $395,000.
The agreement also comes with a five-year renewal to use two strands of optical fiber in DubLink.
In return, CareWorks will retain 820 jobs in Dublin and create an additional 40 positions by the end of 2017.
Dublin anticipates getting $3.9 million from the company in income tax withholdings over the three-year agreement.
CareWorks CFO Lyle Smith told council members the company has been in Dublin for 16 years and has had a great relationship with the city.
"We were recognized as a great place to work and I think being in Dublin is part of that," he said.
When the company began looking for space to expand, Smith said Dublin's economic development department was very proactive and helpful. The lease for a fiber optic link into DubLink was also a bonus, he said.
Since the company got access to DubLink, it has been able to do more IT work in-house, Smith said.
The newly approved economic development agreement is not Dublin's first with CareWorks.
Another agreement was executed in 2008 when the company had to increase its staff from 600 to 650. It also signed a five-year lease extension for the agreement that runs through 2014.
In other council news, an ordinance that would combine the Community Services Advisory Commission and the Parks and Recreation Advisory Commission was heard for the first time.
According to a staff memo to council, the idea to combine the groups can about because "it has been challenging to provide assignments to both."
CSAC handles recommendations regarding community services, natural resources and other related issues. PRAC works on parks, recreation, open/green space and cultural arts matters.
Michelle Crandall, director of administrative services, said both groups would retain their existing duties and add bicycling initiatives.
If approved, the new Community Services Advisory Commission will have as many members as council deems, although no less than three, the ordinance said.
Council is expected to vote on combining the groups March 11.