A Dublin-based electronics recycler may soon be moving to Hilliard, if city council approves an incentive deal with the company.

A Dublin-based electronics recycler may soon be moving to Hilliard, if city council approves an incentive deal with the company.

Economic development director David Meeks outlined an incentive agreement to be offered to e-Cycle, Inc., of Dublin during council's Economic and Community Development Committee (ECDC) meeting Sept. 28.

"They are a recycler of wireless phones, mainly from the business community," Meeks said. "Similar to (Hilliard's) Cellucom, but not competing for the same business."

Meeks said that with council's approval, the company would be provided a 25-percent refundable jobs creation tax credit for up to eight years, which may vary from three to eight years depending on the company's performance. The total value of the incentive $75,000, with Hilliard netting $225,000 in taxes over the total period of the agreement, Meeks said.

Founded in 2004, e-Cycle works with customers in the corporate, financial and environmental fields, providing wireless phone disposal including data security, wireless asset recovery, environmental compliant recycling, inventory and appraisal and logistics management. Since its incorporation, the company has recycled more than 1.4-million cell phones and accessories.

Meeks said the company is projected to create 17 initial jobs at its location at 4105 Leap Road, and is expected to create an additional 40 jobs by the end of its fourth year, with an average salary of $40,000. The company's estimated annual payroll is $2.8-million.

"They've started the build-out for 75 cubicles already," Meeks said.

While the company has been based in Dublin, Meeks said e-Cycle was ready to expand and couldn't find room in Dublin.

"They just weren't able to find the space to grow that they needed there," Meeks told the ECDC.

According to the drafted agreement, providing incentive agreements to companies eyeing the community for relocation has become a part of doing business in central Ohio.

"(Hilliard) is in a competitive market with other communities for this project and a major factor in the company's decision-making and site selection process is the offering of economic development incentives along with other community amenities," the agreement states.

Meeks said he was pleased with e-Cycle's decision to set up shop in Hilliard.

"They're a good, growing company. It's nice to have them select Hilliard as the location for their continuing growth," Meeks said.

City council will first entertain the ordinance providing for the incentive agreement at its Oct. 26 meeting.