Business  |  Tax Incentives


Ambaflex Manufacturing, Inc.
Agreement #038-13-01
Zone 038


Agreement Information

Community: Canton      ODOD Status: Active
County: Stark      Agrmt Date: 1/1/2013
Local School District: Canton Local SD      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 333922

Real Property

Acquisition Improvements New Construction Total
Investments $1,250,000.00
Exemptions $1,250,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $200,000.00 $20,000.00
Exemptions $200,000.00 $2,000.00 $202,000.00
 

Incentives

Variable Rate Rate Term
Real No $0.00% yrs
Personal No $0.00% 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:      Number Payroll
Employment in Ohio:      Retained $655,000.00
     Fulltime Permanent 13 $430,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 5 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 33      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $38,923.00
Jobs Retained: 23 Real Property Taxes Forgone: $4,794.00
Total FTE in Ohio: $33.00 Personal Property Taxes Paid: $0.00
New Payroll: $480,384.36 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,600,000.00 Other Tax Incentives: $0.00
Personal Property: $200,000.00 TIRC Date: 3/8/2016
Previous Year Taxes TIRC Recommendation: NA
Real Property Taxes Paid: $38,923.00 Local Gov't. Action/Status: NA
Real Property Taxes Forgone: $4,794.00
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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