Business  |  Tax Incentives


GENERAL MOTORS
Agreement #111-01-07
Zone 111


Agreement Information

Community: LORDSTOWN      ODOD Status: Active
County: TRUMBULL      Agrmt Date: 7/1/2001
Local School District:      Amend. Date:
Nature of Business: MFG      Expiration Date: 3/31/2015
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 25.0000 SIC Code: 3710

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $25,000,000.00 $0.00 $25,000,000.00
Exemptions $25,000,000.00 $0.00 $25,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $470,000,000.00 $0.00 $0.00 $470,000,000.00
Exemptions $470,000,000.00 $0.00 $0.00 $470,000,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 10 yrs
Personal No $100.00% 10 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: 7400      Number Payroll
Employment in Ohio: 26575      Retained 2600 $154,252,800.00
     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: 4067      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $0.00
Jobs Retained: 2600 Real Property Taxes Forgone: $4,470,080.00
Total FTE in Ohio: $9,344.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $2,220,421.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $70,664,530.00 Other Tax Incentives: $0.00
Personal Property: $154,302,093.00 TIRC Date: 6/8/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $389,161.00
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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