Business  |  Tax Incentives


Bekaert Corporation
Agreement #386-11-01
Zone 386


Agreement Information

Community: ORRVILLE      ODOD Status: Active
County: WAYNE      Agrmt Date: 4/18/2011
Local School District:      Amend. Date:
Nature of Business: Manufacturing      Expiration Date: 12/31/2026
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $1,400,000.00 $0.00 $1,400,000.00
Exemptions $1,400,000.00 $0.00 $1,400,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,200,000.00 $0.00 $0.00 $1,200,000.00
Exemptions $1,200,000.00 $0.00 $0.00 $1,200,000.00
 

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: 181      Number Payroll
Employment in Ohio: 201      Retained 0 $0.00
     Fulltime Permanent 8 $405,808.00
     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: 196      Cumulative Taxes
Jobs Created: 6 Real Property Taxes Paid: $187,432.92
Jobs Retained: 181 Real Property Taxes Forgone: $39,315.38
Total FTE in Ohio: $196.00 Personal Property Taxes Paid: $0.00
New Payroll: $286,619.36 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,536,491.36 Other Tax Incentives: $0.00
Personal Property: $1,476,033.94 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:

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