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Columbus officials OK tax break for IBM

6:47 AM, Dec 18, 2012   |    comments
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COLUMBUS, Ohio -- Columbus officials have signed off on one of the city's largest job-incentive packages this year to IBM - which is expected to bring 500 new jobs over the next three years. 

The Columbus Dispatch reports that the city council took the action Monday night. It's part of a partnership with the city, state, Ohio State University and IBM for the international company to create high-paying jobs and retain the 671 jobs it has in the area.

The city agreed to credit IBM for 65 percent of the income tax that the 500 new employees will generate in the next six years. The incentive is worth about $4.5 million to IBM.

The advanced analytics center will focus on data crunching and consulting services.

The Associated Press

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