Business  |  Tax Incentives


PHOENIX STEEL SERVICE INC.
Agreement #024-04-03
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 7/13/2004
Local School District:      Amend. Date:
Nature of Business: STEEL SERVICE CENTER      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 5051

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $0.00 $0.00
Exemptions $0.00 $0.00 $0.00
 

Personal Property

M & E F & F Inventory Total
Investments $2,010,000.00 $0.00 $2,250,000.00 $4,260,000.00
Exemptions $2,010,000.00 $0.00 $2,250,000.00 $2,010,000.00
 

Incentives

Variable Rate Rate Term
Real No $0.00% 0 yrs
Personal No $60.00% 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: 8      Number Payroll
Employment in Ohio: 8      Retained 8 $250,192.00
     Fulltime Permanent 30 $718,000.00
     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: 41      Cumulative Taxes
Jobs Created: 33 Real Property Taxes Paid: $0.00
Jobs Retained: 8 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $43.00 Personal Property Taxes Paid: $205,199.00
New Payroll: $2,510,635.00 Personal Prop. Taxes Forgone: $169,213.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $0.00 Other Tax Incentives: $0.00
Personal Property: $2,862,648.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
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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