Business  |  Tax Incentives


MTD PRODUCTS INC. & MTD CONSUMER GROUP INC.
Agreement #085-06-02
Zone 085


Agreement Information

Community: SHELBY      ODOD Status: Active
County: RICHLAND      Agrmt Date: 7/28/2006
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 333112

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $16,000,000.00 $16,000,000.00
Exemptions $0.00 $16,000,000.00 $16,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $9,500,000.00 $200,000.00 $0.00 $9,700,000.00
Exemptions $9,500,000.00 $200,000.00 $0.00 $9,700,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 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: 390      Number Payroll
Employment in Ohio: 2487      Retained 376 $9,800,000.00
     Fulltime Permanent 0 $0.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 310      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $0.00
Jobs Retained: 310 Real Property Taxes Forgone: $3,660,020.00
Total FTE in Ohio: $2,010.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $21,989,876.00 Other Tax Incentives: $0.00
Personal Property: $9,588,151.00 TIRC Date: 3/16/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $522,860.00
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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