Business  |  Tax Incentives


LOWES HOME CENTERS INC.
Agreement #136-05-03
Zone 136


Agreement Information

Community: XENIA      ODOD Status: Active
County: GREENE      Agrmt Date: 9/20/2005
Local School District:      Amend. Date:
Nature of Business: RETAIL HOME PRODUCTS CENTER      Expiration Date: 12/31/2014
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 444110

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $13,425,000.00 $13,425,000.00
Exemptions $0.00 $13,425,000.00 $13,425,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $3,500,000.00 $0.00 $3,500,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 8 yrs
Personal No $0.00% 0 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: 0      Number Payroll
Employment in Ohio: 10203      Retained 0 $0.00
     Fulltime Permanent 100 $2,145,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 25 $715,000.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 76      Cumulative Taxes
Jobs Created: 76 Real Property Taxes Paid: $857,283.00
Jobs Retained: 0 Real Property Taxes Forgone: $497,696.00
Total FTE in Ohio: $11,760.00 Personal Property Taxes Paid: $32,938.00
New Payroll: $2,669,348.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $11,983,677.00 Other Tax Incentives: $0.00
Personal Property: $3,713,476.00 TIRC Date: 2/26/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $85,565.18 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $83,052.00
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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