Business  |  Tax Incentives


VICTORIA SECRET DIRECT LLC ET. AL.
Agreement #091-05-02
Zone 091


Agreement Information

Community: REYNOLDSBURG      ODOD Status: Active
County: LICKING      Agrmt Date: 1/25/2005
Local School District:      Amend. Date:
Nature of Business: DISTRIBUTION      Expiration Date: 12/31/2025
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 25000.0000 SIC Code: 454113

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $20,000,000.00 $20,000,000.00
Exemptions $0.00 $20,000,000.00 $20,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $46,000,000.00 $0.00 $100,000,000.00 $146,000,000.00
Exemptions $46,000,000.00 $0.00 $100,000,000.00 $46,000,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 15 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: 21      Number Payroll
Employment in Ohio: 4652      Retained 1011 $35,000,000.00
     Fulltime Permanent 0 $0.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1358      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $5,043,295.00
Jobs Retained: 916 Real Property Taxes Forgone: $2,237,756.00
Total FTE in Ohio: $5,775.00 Personal Property Taxes Paid: $0.00
New Payroll: $89,666,381.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $16,358,695.00 Other Tax Incentives: $0.00
Personal Property: $128,820,618.00 TIRC Date: 3/27/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $755,077.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $328,613.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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