Business  |  Tax Incentives


CENTRAL MUTUAL INSURANCE CO.
Agreement #187-04-02
Zone 187


Agreement Information

Community: VAN WERT      ODOD Status: Active
County: VAN WERT      Agrmt Date: 9/9/2004
Local School District:      Amend. Date:
Nature of Business: INSURANCE HOME OFFICE      Expiration Date: 12/31/2017
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 43.0000 SIC Code: 6331

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $38,000,000.00 $38,000,000.00
Exemptions $0.00 $38,000,000.00 $38,000,000.00
 

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 $100.00% 10 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: 367      Number Payroll
Employment in Ohio: 374      Retained 367 $15,790,000.00
     Fulltime Permanent 23 $644,000.00
     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: 326      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $1,188,246.00
Jobs Retained: 326 Real Property Taxes Forgone: $2,920,872.00
Total FTE in Ohio: $334.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $52,542,398.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 11/10/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $128,817.56 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $315,294.00
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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