Business  |  Tax Incentives


L&W Cleveland, Inc. & Avon Plant, LLC, formerly L&W Engineering, Inc.
Agreement #094-12-01
Zone 094


Agreement Information

Community: AVON      ODOD Status: Active
County: LORAIN      Agrmt Date: 8/13/2012
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 336370

Real Property

Acquisition Improvements New Construction Total
Investments $2,500,000.00 $0.00 $4,960,000.00 $7,460,000.00
Exemptions $0.00 $3,720,000.00 $3,720,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $6,500,000.00 $20,000.00 $250,000.00 $6,770,000.00
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: 60      Number Payroll
Employment in Ohio: 60      Retained 60 $0.00
     Fulltime Permanent 20 $700,500.00
     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: 134      Cumulative Taxes
Jobs Created: 74 Real Property Taxes Paid: $182,760.45
Jobs Retained: 60 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $134.00 Personal Property Taxes Paid: $0.00
New Payroll: $4,353,028.12 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,625,074.00 Other Tax Incentives: $0.00
Personal Property: $9,413,520.00 TIRC Date: 3/28/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $74,987.24 Local Gov't. Action/Status: CONTINUE
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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