Business  |  Tax Incentives


RELIABLE CASTINGS CORPORATION
Agreement #197-11-02
Zone 197


Agreement Information

Community: SIDNEY      ODOD Status: Active
County: SHELBY      Agrmt Date: 9/29/2011
Local School District:      Amend. Date:
Nature of Business: INDUSTRIAL      Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 331524

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,250,000.00 $1,250,000.00
Exemptions $0.00 $1,250,000.00 $1,250,000.00
 

Personal Property

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

Incentives

Variable Rate Rate Term
Real No $57.00% 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: 118      Number Payroll
Employment in Ohio: 258      Retained 118 $3,800,000.00
     Fulltime Permanent 15 $600,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 216      Cumulative Taxes
Jobs Created: 98 Real Property Taxes Paid: $7,984.64
Jobs Retained: 118 Real Property Taxes Forgone: $10,584.65
Total FTE in Ohio: $290.00 Personal Property Taxes Paid: $0.00
New Payroll: $4,715,248.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,631,309.00 Other Tax Incentives: $0.00
Personal Property: $3,611,015.00 TIRC Date: 3/18/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $2,654.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $3,518.45
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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