COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) — Ohio State University exited early from what had been the largest economic incentive deal in Columbus history – as it entered the new record holder.
But even lopping off the last three years of a 15-year deal, OSU Wexner Medical Center already created 3,000 more jobs than the 5,600 it promised when building the James Cancer Hospital.
City Council approved a $6.56 million payment this July, representing 30% of the city income tax withholding on jobs created since 2010. That closed out the deal at a cumulative $33.7 million – just shy of the deal’s $35 million cap, according to Columbus Business First’s review of annual incentive payments.
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