Business  |  Tax Incentives


CHARTER MANUFACTURING CO. INC.
Agreement #310-04-01
Zone 310


Agreement Information

Community: CUYAHOGA HEIGHTS      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 10/12/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2020
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 96898.0000 SIC Code: 331111

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $25,000,000.00 $25,000,000.00
Exemptions $0.00 $25,000,000.00 $25,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $65,535,000.00 $0.00 $5,000,000.00 $70,535,000.00
Exemptions $65,535,000.00 $0.00 $5,000,000.00 $65,535,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 15 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: 83      Number Payroll
Employment in Ohio: 123      Retained 0 $0.00
     Fulltime Permanent 100 $4,500,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 385      Cumulative Taxes
Jobs Created: 302 Real Property Taxes Paid: $1,651,342.08
Jobs Retained: 80 Real Property Taxes Forgone: $3,327,318.88
Total FTE in Ohio: $528.00 Personal Property Taxes Paid: $0.00
New Payroll: $80.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $67,718,529.26 Other Tax Incentives: $0.00
Personal Property: $198,235,621.34 TIRC Date: 8/8/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $138,668.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $257,526.30
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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