Upper Arlington's Community Improvement Corp. (CIC) approved an economic incentive agreement to help the Transmap Corp. in its efforts to relocate into the city.

Upper Arlington's Community Improvement Corp. (CIC) approved an economic incentive agreement to help the Transmap Corp. in its efforts to relocate into the city.

The CIC unanimously approved offering the company a $10,000 forgivable large business loan/grant from the economic development fund during its July 21 meeting.

The company, which uses GPS and navigation technology to provide municipalities with pin-point inventories of their roads and utilities, should be moved into space at 3366 Riverside Drive by Aug. 31, according to chief financial officer John Byrnes. To help in their relocation, Upper Arlington City Council green-lighted city staff's recommendation earlier this month to develop an economic development incentive agreement for the company.

Transmap has about a dozen full-time employees, Byrnes said, and plans to expand in the coming years after moving to Upper Arlington. The company expects to add five to eight fulltime employees in the next two or three years.

- Lin Rice