Tax Abatement Agreement Planned for Abbott Laboratories
City of ColumbusCity · Columbus, OH- Disclosed value
- Approximately $62,000,000.00 proposed capital investment
- From minutes
- Document date
- Feb 25, 2019
- Term
- 10 consecutive years
The 30-second brief
Columbus City Council began consideration of an Enterprise Zone Agreement with Abbott Laboratories. The proposed agreement would provide a 75% tax abatement for 10 years in connection with approximately $62 million in investment and job commitments.
Abbott Laboratories holds this contract with City of Columbus. Its other public contracts on record include work for Jackson Health System - Procurement Management Dept. and Genesee County Drain Commissioner Water & Waste Services.
Term as filed: 10 consecutive years.
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Contract details
- Amount
- Approximately $62,000,000.00 proposed capital investment
- Document date
- February 25, 2019
- Term
- 10 consecutive years
- Vendor
- Abbott Laboratories
- Agency
- City of Columbus
- Source document
- columbus_city_council_minutes_february_25_2019.pdf (Minutes)
Abbott Laboratories's other public contracts
More City of Columbus contracts
Questions about this contract
Who was awarded the government contract by City of Columbus?
Abbott Laboratories was awarded this government contract by City of Columbus, as recorded on February 25, 2019. The contract value is Approximately $62,000,000.00 proposed capital investment.
How much is the Abbott Laboratories contract with City of Columbus worth?
The Abbott Laboratories contract with City of Columbus is valued at Approximately $62,000,000.00 proposed capital investment.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in columbus_city_council_minutes_february_25_2019.pdf (Minutes), dated February 25, 2019 from City of Columbus. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Abbott Laboratories hold?
Abbott Laboratories 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.