Business  |  Tax Incentives


ELLIOTT MACHINE WORKS, INC. & TRI-R-TECH LLC
Agreement #021-05-02
Zone 021


Agreement Information

Community: GALION      ODOD Status: Active
County: CRAWFORD      Agrmt Date: 7/5/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2020
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 10906.0000 SIC Code: 3498

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $985,000.00 $985,000.00
Exemptions $0.00 $985,000.00 $985,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $290,450.00 $0.00 $150,000.00 $440,450.00
Exemptions $290,450.00 $0.00 $150,000.00 $290,450.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 15 yrs
 

Relocations

From Out of State: No State: Jobs: 0
In State: No Community: c Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 47      Number Payroll
Employment in Ohio: 47      Retained 47 $1,561,516.00
     Fulltime Permanent 10 $0.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 48      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $170,346.14
Jobs Retained: 0 Real Property Taxes Forgone: $41,967.68
Total FTE in Ohio: $48.00 Personal Property Taxes Paid: $40,240.60
New Payroll: $0.00 Personal Prop. Taxes Forgone: $4,950.10
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,040,597.00 Other Tax Incentives: $0.00
Personal Property: $1,229,220.93 TIRC Date: 5/12/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $26,134.40 Local Gov't. Action/Status: TERMINATE
Real Property Taxes Forgone: $3,736.52
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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