The continuation of a property investment reimbursement grant with Centerville will give TQL a payroll tax break if it meets job requirements outlined in an extension, Centerville records show.
“We look at this as primarily a retention agreement,” Centerville Development Director Michael Norton-Smith said.
A draft of the extension Centerville City Council voted in favor of Monday night states the Cincinnati-based business intends to expand by 23 jobs and have an estimated $5.5 million annual payroll by the end of 2023.
Norton-Smith said TQL’s projections show it can add about 40 jobs in six years, increasing payroll from its current $4.4 million to $6.4 million.
The business connects customers with shipping needs with carriers that have the available capacity and service offerings, its website states.
Attempts to reach the company on Tuesday were unsuccessful.
TQL initially agreed to a similar deal with Centerville in 2012 and it has been renewed once, Norton-Smith said.
The city has an option to further extend the deal if TQL renews its lease or expands at another site in the city, Norton-Smith said. Thorough the life of the current extension, the city would collect $440,000 in income tax revenues, he said.
Expansion costs will “include, but may not be limited to, costs relating to recruitment, hiring and training new employees, and the purchase of computer and other office equipment for new employees,” according to a draft of the proposal.
TQL employs more than 5,000 workers in 26 states, according to its website. It has 57 offices, including nine in Ohio.
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