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HEINZ FROZEN FOODS CO./VC FREEZER MASSILLON LLC
Agreement #035-99-02
Zone 035


Agreement Information

Community: MASSILLON      ODOD Status: Active
County: STARK      Agrmt Date: 5/19/1999
Local School District:      Amend. Date: 11/10/99 - revised legal description of Site and increase in M&E from $29,083,000 to $31,583,000
Nature of Business: MFG      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation 0.0000 SIC Code: 2038

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $16,000,000.00 $16,000,000.00
Exemptions $0.00 $16,000,000.00 $16,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $31,583,000.00 $0.00 $12,083,000.00 $43,666,000.00
Exemptions $31,583,000.00 $0.00 $12,083,000.00 $31,583,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 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: 749      Number Payroll
Employment in Ohio: 749      Retained 0 $0.00
     Fulltime Permanent 28 $683,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 48 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 484      Cumulative Taxes
Jobs Created: 66 Real Property Taxes Paid: $664,941.00
Jobs Retained: 0 Real Property Taxes Forgone: $1,906,727.56
Total FTE in Ohio: $1,787.00 Personal Property Taxes Paid: $638,593.00
New Payroll: $3,150,294.00 Personal Prop. Taxes Forgone: $1,192,144.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $16,000,000.00 Other Tax Incentives: $20,000.00
Personal Property: $28,807,955.00 TIRC Date: 3/23/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $54,231.00 Local Gov't. Action/Status: NA
Real Property Taxes Forgone: $155,070.00
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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