Business  |  Tax Incentives


OWENS CORNING
Agreement #039-05-03
Zone 039


Agreement Information

Community: MOUNT VERNON      ODOD Status: Active
County: KNOX      Agrmt Date: 12/29/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2020
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 11053.0000 SIC Code: 3296

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $750,000.00 $2,000,000.00 $2,750,000.00
Exemptions $750,000.00 $2,000,000.00 $2,750,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $18,350,000.00 $100,000.00 $1,600,000.00 $20,050,000.00
Exemptions $18,350,000.00 $100,000.00 $1,600,000.00 $18,450,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 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: 0      Number Payroll
Employment in Ohio: 3178      Retained 0 $0.00
     Fulltime Permanent 30 $1,700,000.00
     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: 37      Cumulative Taxes
Jobs Created: 37 Real Property Taxes Paid: $511,417.63
Jobs Retained: 0 Real Property Taxes Forgone: $60,967.38
Total FTE in Ohio: $733.00 Personal Property Taxes Paid: $0.00
New Payroll: $3,056,865.89 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $313,300.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/17/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $51,141.76 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $6,096.74
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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