Business  |  Tax Incentives


SYSCO FOOD SERVICES
Agreement #024-03-06
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 2/27/2003
Local School District:      Amend. Date:
Nature of Business: WHOLESALE & DISTRIBUTION      Expiration Date: 12/31/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 5141

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $28,000,000.00 $0.00 $28,000,000.00
Exemptions $28,000,000.00 $0.00 $28,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $7,500,000.00 $0.00 $0.00 $7,500,000.00
Exemptions $7,500,000.00 $0.00 $0.00 $7,500,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 10 yrs
 

Relocations

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

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 600      Retained 0 $0.00
     Fulltime Permanent 216 $8,640,000.00
     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: 473      Cumulative Taxes
Jobs Created: 473 Real Property Taxes Paid: $4,355,839.00
Jobs Retained: 0 Real Property Taxes Forgone: $6,086,955.00
Total FTE in Ohio: $473.00 Personal Property Taxes Paid: $412,546.00
New Payroll: $31,769,576.00 Personal Prop. Taxes Forgone: $873,289.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $40,218,339.00 Other Tax Incentives: $0.00
Personal Property: $15,836,218.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $1,167,246.82 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
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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