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KRAFT POWER CORPORATION/MASSILLON MILLENIUM LLC
Agreement #035-07-01
Zone 035


Agreement Information

Community: MASSILLON      ODOD Status: Active
County: STARK      Agrmt Date: 7/18/2007
Local School District:      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,500,000.00 $1,500,000.00
Exemptions $0.00 $1,500,000.00 $1,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $100,000.00 $25,000.00 $1,100,000.00 $1,225,000.00
Exemptions $100,000.00 $25,000.00 $1,100,000.00 $125,000.00
 

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:
In State: No Community: Jobs:
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site:      Number Payroll
Employment in Ohio:      Retained 16 $800,000.00
     Fulltime Permanent 6 $360,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 18 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 22      Cumulative Taxes
Jobs Created: 6 Real Property Taxes Paid: $118,245.00
Jobs Retained: 16 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $22.00 Personal Property Taxes Paid: $0.00
New Payroll: $325,104.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,810,076.00 Other Tax Incentives: $0.00
Personal Property: $3,076,334.00 TIRC Date: 3/23/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $22,725.56 Local Gov't. Action/Status: NA
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:

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