Business  |  Tax Incentives


BAKAERT CORPORATION
Agreement #386-06-01
Zone 386


Agreement Information

Community: ORRVILLE      ODOD Status: Active
County: WAYNE      Agrmt Date: 2/6/2006
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3316

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,381,000.00 $1,381,000.00
Exemptions $0.00 $1,381,000.00 $1,381,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $3,177,000.00 $0.00 $899,000.00 $4,076,000.00
Exemptions $3,177,000.00 $0.00 $899,000.00 $3,177,000.00
 

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: 165      Number Payroll
Employment in Ohio: 202      Retained 168 $722,740.00
     Fulltime Permanent 18 $565,920.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 12 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 196      Cumulative Taxes
Jobs Created: 13 Real Property Taxes Paid: $1,301,037.70
Jobs Retained: 168 Real Property Taxes Forgone: $199,926.34
Total FTE in Ohio: $196.00 Personal Property Taxes Paid: $121,714.00
New Payroll: $604,288.06 Personal Prop. Taxes Forgone: $121,714.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,844,081.56 Other Tax Incentives: $0.00
Personal Property: $3,954,643.26 TIRC Date: 11/12/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $155,170.24 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $30,088.00
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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