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Norwood Tool Company
Agreement #081-10-01
Zone 081


Agreement Information

Community: DAYTON      ODOD Status: Active
County: MONTGOMERY      Agrmt Date: 11/12/2010
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 333514

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $500,000.00 $500,000.00
Exemptions $0.00 $375,000.00 $375,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $3,000,000.00 $100,000.00 $600,000.00 $3,700,000.00
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: 740      Number Payroll
Employment in Ohio: 740      Retained 740 $28,120,000.00
     Fulltime Permanent 10 $350,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 12 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 930      Cumulative Taxes
Jobs Created: 180 Real Property Taxes Paid: $350,885.14
Jobs Retained: 740 Real Property Taxes Forgone: $261,728.98
Total FTE in Ohio: $930.00 Personal Property Taxes Paid: $0.00
New Payroll: $7,774,380.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $6,561,000.00 Other Tax Incentives: $0.00
Personal Property: $8,446,514.00 TIRC Date: 2/22/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $82,449.26 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $64,239.95
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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