Business  |  Tax Incentives


CONCEPT MACHINE AND TOOLS, INC., AIRAM PRESS, CO.
Agreement #102-06-01
Zone 102


Agreement Information

Community: COVINGTON      ODOD Status: Active
County: MIAMI      Agrmt Date: 10/26/2006
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $595,000.00 $0.00 $595,000.00
Exemptions $595,000.00 $0.00 $595,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $54,000.00 $20,000.00 $0.00 $74,000.00
Exemptions $54,000.00 $20,000.00 $0.00 $74,000.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 10 yrs
Personal No $50.00% 10 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: 15      Number Payroll
Employment in Ohio: 15      Retained 15 $583,744.00
     Fulltime Permanent 8 $360,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 26      Cumulative Taxes
Jobs Created: 13 Real Property Taxes Paid: $74,221.57
Jobs Retained: 13 Real Property Taxes Forgone: $16,943.76
Total FTE in Ohio: $26.00 Personal Property Taxes Paid: $0.00
New Payroll: $525,431.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $595,000.00 Other Tax Incentives: $0.00
Personal Property: $915,000.00 TIRC Date: 3/3/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $12,272.72 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $2,070.80
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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