Business  |  Tax Incentives


PROGRESSIVE FLOORING SERVICES, INC.
Agreement #091-07-01
Zone 091


Agreement Information

Community: ETNA (TOWNSHIP OF)      ODOD Status: Active
County: LICKING      Agrmt Date: 10/9/2007
Local School District:      Amend. Date:
Nature of Business: OFFICE WAREHOUSE      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 1752

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,593,000.00 $1,593,000.00
Exemptions $0.00 $1,593,000.00 $1,593,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $21,250.00 $12,750.00 $63,570.00 $97,570.00
Exemptions $21,250.00 $12,750.00 $63,750.00 $34,000.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 10 yrs
Personal No $60.00% 10 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: 20      Retained 0 $0.00
     Fulltime Permanent 5 $150,000.00
     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: 32      Cumulative Taxes
Jobs Created: 9 Real Property Taxes Paid: $89,664.00
Jobs Retained: 0 Real Property Taxes Forgone: $101,410.00
Total FTE in Ohio: $32.00 Personal Property Taxes Paid: $0.00
New Payroll: $156,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,997,500.00 Other Tax Incentives: $0.00
Personal Property: $85,000.00 TIRC Date: 3/24/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $18,603.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $20,997.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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