Title
TO AUTHORIZE THE MAYOR TO ENTER INTO AGREEMENT TO USE ECONOMIC GROWTH INCENTIVES FOR NEW JOBS AND INVESTMENT WITH PARTNERING JURISDICTIONS.
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WHEREAS, local governments have been meeting in Central Ohio since January 2011 to explore how they can best work together to attract new economic development to the region; and
WHEREAS, discussion has centered on viable strategies to encourage economic growth and that financial incentives are the tools best used to entice new jobs and investment to the region, and should not be used to encourage a local company to move existing jobs and investment from one local community to another; and
WHEREAS, the Partnering Jurisdictions have agreed to enter into this Agreement that limits the use of financial incentives to new jobs and investment in the region; and
WHEREAS, Partnering Jurisdictions are Columbus, Westerville, Worthington, Dublin, New Albany, Upper Arlington, Grove City, Hilliard, Grandview Heights and Gahanna; and
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That the Mayor is hereby authorized to enter into Agreement To Use Economic Growth Incentives For New Jobs and Investment with Partnering Jurisdictions; Agreement attached as EXHIBIT A, and made a part herein.
Section 2. That this ordinance shall be in full force and effect after passage by this Council and 30 days after date of signature approval by the Mayor.