The City of Columbus approved a 75%, 10-year Enterprise Zone tax abatement for AAVII, LLC. The company plans to invest approximately $15.8 million in real property improvements to construct a new 110,500 square-foot industrial facility on an 8.12-acre vacant site at 4810 Alkire Road. This project is expected to create 20 net new full-time permanent positions with an estimated annual payroll of $832,000.00. The abatement is contingent upon the execution of an Enterprise Zone Agreement within 90 days of the ordinance's passage. The Columbus City School District was notified of the project. The project is estimated to generate an additional $600,810.00 for the Columbus City School District over the term of the abatement.