Business  |  Tax Incentives


GREAT LAKES TOWING COMPANY
Agreement #024-06-02
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 3/29/2006
Local School District:      Amend. Date:
Nature of Business: WATER TRANSPORTATION      Expiration Date: 12/1/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 4454

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,500,000.00 $2,500,000.00
Exemptions $0.00 $2,500,000.00 $2,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $0.00% 0 yrs
 

Relocations

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

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 39      Number Payroll
Employment in Ohio: 39      Retained 39 $2,471,794.00
     Fulltime Permanent 25 $728,000.00
     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: 69      Cumulative Taxes
Jobs Created: 32 Real Property Taxes Paid: $414,539.00
Jobs Retained: 37 Real Property Taxes Forgone: $308,334.00
Total FTE in Ohio: $69.00 Personal Property Taxes Paid: $22,703.00
New Payroll: $1,043,735.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $5,260,687.00 Other Tax Incentives: $0.00
Personal Property: $8,659,857.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $56,541.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $43,537.00
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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