Business  |  Tax Incentives


SENECA MEDICAL INC. AND KELCO CORP.
Agreement #400-05-01
Zone 400


Agreement Information

Community: TIFFIN      ODOD Status: Active
County: SENECA      Agrmt Date: 4/13/2005
Local School District:      Amend. Date:
Nature of Business: WAREHOUSING & DISTRIBUTION      Expiration Date: 12/31/2016
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 50.0000 SIC Code: 422996

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,700,000.00 $1,700,000.00
Exemptions $0.00 $1,700,000.00 $1,700,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $100,000.00 $0.00 $4,000,000.00 $4,100,000.00
Exemptions $100,000.00 $0.00 $4,000,000.00 $100,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 10 yrs
Personal No $100.00% 10 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: 178      Number Payroll
Employment in Ohio: 191      Retained 0 $0.00
     Fulltime Permanent 8 $166,400.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 2 $20,800.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 230      Cumulative Taxes
Jobs Created: 15 Real Property Taxes Paid: $476,806.00
Jobs Retained: 0 Real Property Taxes Forgone: $107,163.00
Total FTE in Ohio: $230.00 Personal Property Taxes Paid: $180,437.00
New Payroll: $398,810.00 Personal Prop. Taxes Forgone: $13,666.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,941,287.00 Other Tax Incentives: $0.00
Personal Property: $32,489,000.00 TIRC Date: 3/7/2016
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $73,589.00 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $13,296.00
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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