Gahanna really is a city on the move – with unprecedented development and growth right now. Currently the council is in negotiations over a tax break deal for NetJets Inc. and if successful, the city could gain 395 jobs, $1.1 million in tax revenue over the next 4 years.
The proposal is to give a tax break to the company on its income whilst making a larger figure from property taxes. The central Ohio company already employs 2,000 people in the area and specializes in fractional ownership in Jets. The job growth would be, in economic terms, extremely quick with around 249 jobs being created over the first 9 months of the four year plan and the rest over the remainder of the period.
The temporary plan would net the city such a great amount of revenue as well as the potential business increase as the company expects business to double in the next 10 years.
The city really is on the grow and is also looking at the developmert of 180 units on Hamilton Road as well as the ongoing construction in the central park area.
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