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: 0      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $400,785.00
Jobs Retained: 0 Real Property Taxes Forgone: $798,745.80
Total FTE in Ohio: $0.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $0.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 2/10/2017
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $101,719.20 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $3,309.80
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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