Business  |  Tax Incentives


RMI Titanium Company - formerly RTI INTERNATIONAL METALS, INC.
Agreement #038-06-01
Zone 038


Agreement Information

Community: CANTON      ODOD Status: Active
County: STARK      Agrmt Date: 8/29/2006
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 33141

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $350,000.00 $5,284,000.00 $5,634,000.00
Exemptions $350,000.00 $5,284,000.00 $5,634,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $12,485,000.00 $73,000.00 $0.00 $12,558,000.00
Exemptions
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $0.00% 0 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: 50      Number Payroll
Employment in Ohio:      Retained 50 $2,541,958.00
     Fulltime Permanent 18 $639,100.00
     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: 94      Cumulative Taxes
Jobs Created: 18 Real Property Taxes Paid: $329,148.00
Jobs Retained: 50 Real Property Taxes Forgone: $135,543.00
Total FTE in Ohio: $131.00 Personal Property Taxes Paid: $80,680.00
New Payroll: $1,309,683.00 Personal Prop. Taxes Forgone: $15,327.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $11,250,480.00 Other Tax Incentives: $0.00
Personal Property: $71,802,951.00 TIRC Date: 3/16/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $2,936.10 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $4,817.70
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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