Columbus and majority of suburbs reach anti-job poaching agreement
Twelve communities in and around Columbus announced last week an agreement designed to reign in the practice of job poaching, which involves communities incentivizing companies to move existing jobs (not newly created jobs) – and the income taxes they generate – across municipal lines, The Columbus Dispatch reports.
The clearly noticeable difference between this agreement and the tentative version released in December is that it "no longer includes a requirement that cities share half of the income-tax revenue, over five years, if that city used incentives to lure a central Ohio company with existing payroll of at least $10 million," the article said (see our December 28, 2011, blog post for more information).
