Nuvo Packaging Secures Job Creation Tax Credit
City of ColumbusCity · OH- Disclosed value
- $5,872,653.00
- From agenda
- Document date
- Apr 29, 2024
- Term
- 6 years
The 30-second brief
Authorize the Director of the Department of Development to enter into a Job Creation Tax Credit Agreement of forty-five percent (45%) for a term of up to six (6) consecutive years with Nuvo Packaging, LLC, in consideration of the company's proposed total capital investment of $10,000,000.00 and the creation of one-hundred (100) net new full-time permanent positions with an estimated annual payroll of approximately $5,872,653.00.
Nuvo Packaging holds this job creation tax credit agreement contract with City of Columbus. Its other public contracts on record include work for City of Columbus city.
Term as filed: 6 years.
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Contract details
- Contract type
- Job Creation Tax Credit Agreement
- Amount
- $5,872,653.00
- Document date
- April 29, 2024
- Term
- 6 years
- Vendor
- Nuvo Packaging
- Agency
- City of Columbus
- Source document
- columbus_city_council_regular_meeting_agenda_april.pdf (Agenda)
Nuvo Packaging's other public contracts
More City of Columbus contracts
Questions about this contract
Who was awarded the job creation tax credit agreement contract by City of Columbus?
Nuvo Packaging was awarded this job creation tax credit agreement contract by City of Columbus, as recorded on April 29, 2024. The contract value is $5,872,653.00.
How much is the Nuvo Packaging contract with City of Columbus worth?
The Nuvo Packaging contract with City of Columbus is valued at $5,872,653.00, covering job creation tax credit agreement work.
What type of contract is this?
This is a Job Creation Tax Credit Agreement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in columbus_city_council_regular_meeting_agenda_april.pdf (Agenda), dated April 29, 2024 from City of Columbus. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Nuvo Packaging hold?
Nuvo Packaging may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Columbus currently buying?
Explore City of Columbus's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.