Business  |  Tax Incentives


Orrvilon, formerly Holtec Engineered Aluminum Systems Division, LLC
Agreement #386-05-01
Zone 386


Agreement Information

Community: ORRVILLE      ODOD Status: Active
County: WAYNE      Agrmt Date: 12/1/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3990

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $7,000,000.00 $7,000,000.00
Exemptions $0.00 $7,000,000.00 $7,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $2,500,000.00 $0.00 $700,000.00 $3,200,000.00
Exemptions $2,500,000.00 $0.00 $700,000.00 $2,500,000.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 15 yrs
Personal No $50.00% 15 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: 150      Number Payroll
Employment in Ohio: 290      Retained 150 $5,900,000.00
     Fulltime Permanent 0 $0.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 183      Cumulative Taxes
Jobs Created: 33 Real Property Taxes Paid: $543,314.30
Jobs Retained: 150 Real Property Taxes Forgone: $459,424.49
Total FTE in Ohio: $183.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,037,150.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $4,872,796.00 Other Tax Incentives: $0.00
Personal Property: $45,759,037.00 TIRC Date: 11/12/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $83,675.26 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $53,008.00
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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