Business  |  Tax Incentives


Ohio Star Forge Company, Inc.
Agreement #111-12-01
Zone 111


Agreement Information

Community: CHAMPION (TOWNSHIP OF)      ODOD Status: Active
County: TRUMBULL      Agrmt Date: 12/27/2012
Local School District:      Amend. Date:
Nature of Business: industrial      Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3462

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $200,000.00 $2,000,000.00 $2,200,000.00
Exemptions $120,000.00 $1,200,000.00 $1,320,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $14,000,000.00 $800,000.00 $2,000,000.00 $16,800,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 10 yrs
Personal No $0.00% 0 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: 95      Number Payroll
Employment in Ohio: 95      Retained 95 $0.00
     Fulltime Permanent 26 $1,700,000.00
     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: 105      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $61,202.45
Jobs Retained: 105 Real Property Taxes Forgone: $28,992.95
Total FTE in Ohio: $105.00 Personal Property Taxes Paid: $0.00
New Payroll: $781,290.40 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,759,916.00 Other Tax Incentives: $0.00
Personal Property: $20,945,451.00 TIRC Date: 6/8/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $24,923.08 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $14,960.74
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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