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PHILLIPS MANUFACTURING COMPANY LLC
Agreement #111-04-12
Zone 111


Agreement Information

Community: NILES      ODOD Status: Active
County: TRUMBULL      Agrmt Date: 12/17/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 332900

Real Property

Acquisition Improvements New Construction Total
Investments $1,500,000.00 $100,000.00 $0.00 $1,600,000.00
Exemptions $100,000.00 $0.00 $100,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $200,000.00 $0.00 $2,000,000.00 $2,200,000.00
Exemptions $200,000.00 $0.00 $2,000,000.00 $200,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 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: 81      Number Payroll
Employment in Ohio: 81      Retained 66 $2,950,000.00
     Fulltime Permanent 2 $60,000.00
     Fulltime Temporary 0
     Parttime Permanent 3 $65,000.00
Parttime Temporary 0
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 0      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $0.00
Jobs Retained: 0 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $0.00 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: $0.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 7/13/2008
Previous Year Taxes TIRC Recommendation: TERMINATE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: TERMINATE
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: $0.00

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