Thanks to incentives, two companies will create more than 200 new jobs in Dublin.
This week Dublin City Council members approved two economic development agreements that will bring a new company to the city and retain another.
Oxford Consulting Group Inc. will consolidate its Westerville and Columbus offices in Dublin by the end of the year.
The company created in 1998 does IT consulting and has a partnership with IBM, President Michelle Kerr said. With international offices, the company plans to move 40 employees to Dublin and create another 50 jobs by 2018.
"We're challenged in Westerville with the gridlock," she said. "Our employees can't get out to service our customers."
Oxford Consulting Group was offered a tax abatement to locate originally in the Westerville area and another incentive was offered, but the traffic at Polaris made it impossible to stay, Kerr said.
"We need to be in a position where we can access 270 in a much faster fashion," she said, adding that the company is looking at space in Metro Center.
The economic development agreement offered to the company includes a $20,000 relocation grant and three-year, 25-percent performance incentive on income tax collections from new jobs.
In return, the company must sign a five-year lease in Dublin and meet performance targets.
If the lease is extended for another five years, Oxford Consulting Group is eligible for two bonus performance incentive payments in 2018 and 2019.
The incentives are expected to cost Dublin $40,500, but the city plans to collect $1.24 million in income tax withholdings over the term of the agreement.
Another economic development agreement with Management and Network Services LLC was approved by council Dec. 9 as well.
The company that provides services for long-term and acute-care facilities is already in Dublin, but has outgrown its space on Blazer Parkway.
"We have been in Dublin since 1998," said President Jon Hoffman, noting the company started with 6 employees and has grown to 129.
The company plans to move to a bigger space on Park Center Drive and create another 164 jobs by the end of 2020.
To keep the company in Dublin, the city approved a $40,000 relocation grant that will be paid when the Management and Network Services signs a seven-year lease at its new location.
The company is expected to bring in $1.73 million in income tax withholdings to the city over the next seven years.