Business  |  Tax Incentives


INTIER SEATING SYSTEMS - LORDSTOWN & COPELAND PROPERTIES 16
Agreement #111-04-03
Zone 111


Agreement Information

Community: LORDSTOWN      ODOD Status: Active
County: TRUMBULL      Agrmt Date: 1/14/2004
Local School District:      Amend. Date:
Nature of Business: DISTRIBUTION      Expiration Date: 12/31/2014
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 2531

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $4,500,000.00 $4,500,000.00
Exemptions $0.00 $4,500,000.00 $4,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $7,071,000.00 $340,000.00 $900,000.00 $8,311,000.00
Exemptions $7,071,000.00 $340,000.00 $900,000.00 $7,411,000.00
 

Incentives

Variable Rate Rate Term
Real No $70.00% 10 yrs
Personal No $70.00% 10 yrs
 

Relocations

From Out of State: No State: Jobs: 0
In State: No Community: Village Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 0      Retained 0 $0.00
     Fulltime Permanent 205 $4,986,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 12 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 324      Cumulative Taxes
Jobs Created: 324 Real Property Taxes Paid: $214,207.52
Jobs Retained: 0 Real Property Taxes Forgone: $714,023.00
Total FTE in Ohio: $324.00 Personal Property Taxes Paid: $0.00
New Payroll: $12,565,566.01 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $6,195,234.00 Other Tax Incentives: $0.00
Personal Property: $10,551,782.00 TIRC Date: 6/8/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $29,727.32 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $99,090.00
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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