Business  |  Tax Incentives


7000 Euclid, LLC
Agreement #024-15-02
Zone 024


Agreement Information

Community: Cleveland      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 9/25/2013
Local School District: CLEVELAND MUNICIPAL SD      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $1,078,807.00 $4,434,166.00
Exemptions $4,434,166.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,917,694.00
Exemptions $1,917,694.00
 

Incentives

Variable Rate Rate Term
Real No $0.00% yrs
Personal No $0.00% 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:      Number Payroll
Employment in Ohio:      Retained
     Fulltime Permanent 50 $2,000,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 64      Cumulative Taxes
Jobs Created: 64 Real Property Taxes Paid: $57,483.10
Jobs Retained: 0 Real Property Taxes Forgone: $155,033.70
Total FTE in Ohio: $64.00 Personal Property Taxes Paid: $0.00
New Payroll: $4,065,556.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $6,301,485.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $28,961.12 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $78,109.00
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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