Business  |  Tax Incentives


MMCA DEVELOPMENT LLC
Agreement #045-05-01
Zone 045


Agreement Information

Community: ELYRIA      ODOD Status: Active
County: LORAIN      Agrmt Date: 6/9/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3949

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $50,000.00 $900,000.00 $950,000.00
Exemptions $50,000.00 $900,000.00 $950,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,615,000.00 $0.00 $0.00 $1,615,000.00
Exemptions $1,615,000.00 $0.00 $0.00 $1,615,000.00
 

Incentives

Variable Rate Rate Term
Real No $55.00% 10 yrs
Personal No $55.00% 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: 140      Number Payroll
Employment in Ohio: 149      Retained 140 $4,431,600.00
     Fulltime Permanent 22 $375,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 30 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 447      Cumulative Taxes
Jobs Created: 205 Real Property Taxes Paid: $211,120.00
Jobs Retained: 140 Real Property Taxes Forgone: $44,708.00
Total FTE in Ohio: $447.00 Personal Property Taxes Paid: $168,488.00
New Payroll: $5,185,360.00 Personal Prop. Taxes Forgone: $5,821.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,200,000.00 Other Tax Incentives: $0.00
Personal Property: $6,279,714.00 TIRC Date: 2/19/2016
Previous Year Taxes TIRC Recommendation: MODIFY
Real Property Taxes Paid: $42,632.00 Local Gov't. Action/Status: MODIFY
Real Property Taxes Forgone: $44,708.00
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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