Dublin, Ohio – Dublin City Council approved two economic development agreements for retention and expansion projects for XPO Logistics and Doucet & Associates Co, L.P.A. resulting in the retention of nearly400 jobs and the creation of 83 jobs for Dublin and the Columbus region.
XPO Logistics (formerly Pacer International) is a top ten global provider of cutting-edge supply chain solutions to the most successful companies in the world. The company provides high-value-add services for truck brokerage and transportation, last mile logistics, intermodal, contract logistics, ground and air expedite, drayage, global forwarding and managed transportation. XPO serves more than 30,000 customers with a highly integrated network of over 54,000 employees and 887 locations in 27countries.
The retention and expansion project was in competition with other Central Ohio office locations and the State of North Carolina. The Economic Development Agreement proposed by the City to XPO Logistics includes a five-year, 10% performance incentive on withholdings collected (2016-2020), that is capped at $250,972 for the term of the agreement. In consideration, XPO Logistics agrees to retain 380 jobs and create 70 new jobs in Dublin. The company is also required to sign a lease for an office location in the City of Dublin through at least the end of 2022.
“We want to thank Dublin for their continued support,” said XPO President Paul Smith. “Since being acquired by XPO Logistics we have seen tremendous growth. We are now a $15 billion entity. What Dublin brings as a city aligns with XPO– progressive and driven by technology.”
Doucet & Associates, a Dublin-based foreclosure defense and consumer law firm, is seeking to relocate and expand its corporate headquarters. The law firm currently leases 5,000 square feet at 700 Stonehenge Parkway. Doucet & Associates plans to lease 9,370 square feet in a new office building on Stonehenge Parkway, with plans to expand to approximately 14,000 square feet within 18 months. The project will result in the retention of 13 employees and the addition of 16 new employees by 2021.
The Economic Development Agreement is a five-year, 15% performance incentive on withholdings collected on its employees (2017-2021), capped at $14,000 for the term of the agreement. The City is also providing a $2,500 relocation grant to offset moving costs.