Columbus Council passed major tax abatements for Coca-Cola Consolidated and other businesses, and a zoning variance for a housing developer.
Columbus City Council on Monday approved major tax abatements for Coca-Cola Consolidated and other businesses as well as a zoning variance for a private-equity housing developer.
The company’s expansion is expected to create just 12 new full-time positions, but Council member Nick Bankston, who chairs the council's economic development committee, said the tax abatement was necessary to preserve 329 existing full-time jobs after the company had threatened to move its operations outside Columbus.
"We are excited to continue our journey of growth in the Buckeye state,” Sam Meiner, Coca-Cola Consolidated’s Market Unit vice president and general manager in Ohio, said in a release posted on the company's website. “This investment in our distribution capabilities is a long-term commitment to improving how we serve the world’s best brands and flavors to our communities.”
McDaniels Construction Corporation lost an Enterprise Zone Tax Abatement for a $1 million investment at 1069 Woodland Avenue on the Near East Side after the city found that it failed to create two new jobs, as previously agreed upon.
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