Business  |  Tax Incentives


J.A. McMahon Inc.
Agreement #111-16-02
Zone 111


Agreement Information

Community: Niles      ODOD Status: Active
County: Trumbull      Agrmt Date: 11/2/2016
Local School District: Niles City SD & Trumbill Career and      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2027
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $1,057,000.00
Exemptions
 

Personal Property

M & E F & F Inventory Total
Investments $1,375,000.00
Exemptions
 

Incentives

Variable Rate Rate Term
Real No % yrs
Personal No % 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:      Number Payroll
Employment in Ohio:      Retained 23 $1,578,882.00
     Fulltime Permanent 5 $195,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 25      Cumulative Taxes
Jobs Created: 2 Real Property Taxes Paid: $23,751.61
Jobs Retained: 23 Real Property Taxes Forgone: $8,093.83
Total FTE in Ohio: $25.00 Personal Property Taxes Paid: $0.00
New Payroll: $107,650.31 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,168,000.00 Other Tax Incentives: $0.00
Personal Property: $1,500,000.00 TIRC Date: 8/22/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $23,751.61 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $8,093.83
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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