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Alro Steel Corporation
Agreement #309-08-01
Zone 309


Agreement Information

Community: CUYAHOGA FALLS      ODOD Status: Active
County: SUMMIT      Agrmt Date: 7/2/2008
Local School District:      Amend. Date:
Nature of Business: Industrial      Expiration Date: 12/31/2019
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 $2,500,000.00 $2,500,000.00
Exemptions $0.00 $1,875,000.00 $1,875,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $3,000,000.00 $0.00 $3,250,000.00 $6,250,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $0.00% 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: 55      Number Payroll
Employment in Ohio: 237      Retained 55
     Fulltime Permanent 10 $400,000.00
     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: 90      Cumulative Taxes
Jobs Created: 35 Real Property Taxes Paid: $0.00
Jobs Retained: 55 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $272.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,699,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $3,590,604.00 Other Tax Incentives: $0.00
Personal Property: $3,768,573.00 TIRC Date: 6/16/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
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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