Business  |  Tax Incentives


FLEX STRUT, INC.
Agreement #111-04-02
Zone 111


Agreement Information

Community: HOWLAND (TOWNSHIP OF)      ODOD Status: Active
County: TRUMBULL      Agrmt Date: 6/21/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2014
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 33800

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $50,000.00 $650,000.00 $700,000.00
Exemptions $50,000.00 $650,000.00 $700,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $200,000.00 $3,000.00 $200,000.00 $403,000.00
Exemptions $200,000.00 $3,000.00 $200,000.00 $203,000.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 10 yrs
Personal No $50.00% 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: 33      Number Payroll
Employment in Ohio: 33      Retained 33 $1,000,000.00
     Fulltime Permanent 6 $140,000.00
     Fulltime Temporary 0
     Parttime Permanent 2 $34,000.00
Parttime Temporary 0
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 78      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $36,787.00
Jobs Retained: 33 Real Property Taxes Forgone: $36,787.00
Total FTE in Ohio: $78.00 Personal Property Taxes Paid: $14,879.00
New Payroll: $436,035.00 Personal Prop. Taxes Forgone: $14,879.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $821,649.00 Other Tax Incentives: $0.00
Personal Property: $498,483.00 TIRC Date: 6/8/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $3,332.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $3,332.00
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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