Business  |  Tax Incentives


Main Lite Electric and Sferra Avenue Property LLC
Agreement #111-11-01
Zone 111


Agreement Information

Community: WARREN      ODOD Status: Active
County: TRUMBULL      Agrmt Date: 6/15/2011
Local School District:      Amend. Date:
Nature of Business: Commercial      Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 238210

Real Property

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

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00
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: 5      Number Payroll
Employment in Ohio: 5      Retained
     Fulltime Permanent 3 $180,000.00
     Fulltime Temporary 20 $600,000.00
     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: 28      Cumulative Taxes
Jobs Created: 23 Real Property Taxes Paid: $6,716.00
Jobs Retained: 13 Real Property Taxes Forgone: $16,662.00
Total FTE in Ohio: $28.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,285,907.83 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $830,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 6/8/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $4,012.22 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $9,215.48
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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