Business  |  Tax Incentives


PERRY FIBERGLAS PRODUCTS, INC.
Agreement #094-05-03
Zone 094


Agreement Information

Community: AVON LAKE      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:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $535,000.00 $535,000.00
Exemptions $0.00 $535,000.00 $535,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $135,000.00 $0.00 $0.00 $135,000.00
Exemptions $135,000.00 $0.00 $0.00 $135,000.00
 

Incentives

Variable Rate Rate Term
Real Yes $62.00% 10 yrs
Personal Yes $62.00% 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: 20      Number Payroll
Employment in Ohio: 20      Retained 20 $490,000.00
     Fulltime Permanent 15 $400,000.00
     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: 65      Cumulative Taxes
Jobs Created: 26 Real Property Taxes Paid: $146,810.81
Jobs Retained: 26 Real Property Taxes Forgone: $5,839.00
Total FTE in Ohio: $65.00 Personal Property Taxes Paid: $0.00
New Payroll: $567,840.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $750,000.00 Other Tax Incentives: $0.00
Personal Property: $565,250.00 TIRC Date: 3/16/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $29,879.67 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $5,839.00
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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