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Norton Brothers Holding Company
Agreement #138-11-01
Zone 138


Agreement Information

Community: STREETSBORO      ODOD Status: Active
County: PORTAGE      Agrmt Date: 3/24/2011
Local School District:      Amend. Date:
Nature of Business: Distribution      Expiration Date: 12/31/2021
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 75.0000 SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $2,337,500.00 $0.00 $13,511,483.00 $15,848,983.00
Exemptions $0.00 $13,511,483.00 $13,511,483.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,000,000.00 $1,000,000.00 $0.00 $2,000,000.00
Exemptions $1,000,000.00 $1,000,000.00 $0.00 $2,000,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 8 yrs
Personal No $0.00% 0 yrs
 

Relocations

From Out of State: No State: Jobs:
In State: Yes Community: Glenwillow Jobs: 43
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 1800      Retained 43 $1,796,599.00
     Fulltime Permanent 3 $105,000.00
     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: 43      Cumulative Taxes
Jobs Created: 3 Real Property Taxes Paid: $101,667.00
Jobs Retained: 40 Real Property Taxes Forgone: $788,518.00
Total FTE in Ohio: $1,675.00 Personal Property Taxes Paid: $0.00
New Payroll: $323,739.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $14,518,300.00 Other Tax Incentives: $0.00
Personal Property: $2,000,000.00 TIRC Date: 3/17/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $35,062.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $271,937.00
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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