An additional 250 jobs might come to Dublin by 2020.
Two economic development deals will go to Dublin City Council members for approval Dec. 9, offering businesses incentives to remain or locate within the city and increase jobs.
Council members this week heard the first reading of the deals.
In one economic development deal, Dublin is trying to lure an office consolidation and expansion project within city limits.
Oxford Consulting Group Inc. has offices in Columbus and Westerville, but is seeking to consolidate its operations next year, said Dublin Economic Development Administrator Michael Clarey.
The company would consolidate 40 employees into one location.
"Dublin emerged as a preferred location," Clarey said.
The company that provides IT consulting services for companies in North America and Europe is also looking to increase its staff by 50 by 2018, Clarey said.
To locate in Dublin, council will consider an economic development package of a $20,000 relocation grant and a three-year performance incentive of 25 percent on income tax collections from new jobs.
In return, the company must sign a five-year lease in Dublin and meet performance goals.
If the company extends its lease in Dublin for another five years, the company is also eligible for two more years of 25 percent performance incentives in 2018 and 2019.
"Total value (including bonus years) for the offered performance incentive is $40,500," the staff report to council said.
Over the term of the agreement, Dublin expects to gain about $1.24 million in income tax withholdings.
Dublin is hoping to use another incentive package to keep Management and Network Services, LLC in the city.
"Management and Network Services is a healthcare management company," Clarey said. "The company is located on Blazer (Parkway) and employs approximately 120 people."
The company is hoping to expand its workforce in Dublin by 164 jobs by the end of 2020 and needs a new location to do so, Clarey said.
"They identified a site in Dublin," he said.
The economic development package is offering a one-time $40,000 relocation grant for a seven-year lease in a 28,000-square-foot facility in Dublin.
If the incentives are approved and the company decides to stay in Dublin, the city expects to snag $1.73 million in income tax withholdings from the company over the term of the agreement.
Dublin City Council members are expected to vote on both economic development agreements Dec. 9.