Business  |  Tax Incentives


Scot Industries, Inc.
Agreement #115-11-01
Zone 115


Agreement Information

Community: CHESTER (TOWNSHIP OF)      ODOD Status: Active
County: WAYNE      Agrmt Date: 1/19/2011
Local School District:      Amend. Date:
Nature of Business: Manufacturing      Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,000,000.00 $1,000,000.00
Exemptions $0.00 $500,000.00 $500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $500,000.00 $0.00 $0.00 $500,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 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: 97      Number Payroll
Employment in Ohio: 97      Retained 2 $73,228.00
     Fulltime Permanent 10 $315,901.00
     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: 10      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $685,861.16
Jobs Retained: 2 Real Property Taxes Forgone: $38,421.78
Total FTE in Ohio: $93.00 Personal Property Taxes Paid: $0.00
New Payroll: $511,989.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,360,733.00 Other Tax Incentives: $0.00
Personal Property: $5,602,046.00 TIRC Date: 6/23/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $108,226.16 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $19,420.75
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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