Business  |  Tax Incentives


PROGRESSIVE STAMPING, INC.
Agreement #191-04-01
Zone 191


Agreement Information

Community: OTTOVILLE      ODOD Status: Active
County: PUTNAM      Agrmt Date: 11/15/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2021
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 25.0000 SIC Code: 3460

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $3,000,000.00 $3,000,000.00
Exemptions $0.00 $3,000,000.00 $3,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $10,000,000.00 $0.00 $300,000.00 $10,300,000.00
Exemptions $10,000,000.00 $0.00 $300,000.00 $10,000,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 15 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: 198      Number Payroll
Employment in Ohio: 198      Retained 198 $5,500,000.00
     Fulltime Permanent 30 $900,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 328      Cumulative Taxes
Jobs Created: 130 Real Property Taxes Paid: $0.00
Jobs Retained: 198 Real Property Taxes Forgone: $697,366.97
Total FTE in Ohio: $328.00 Personal Property Taxes Paid: $0.00
New Payroll: $4,029,716.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $4,105,703.00 Other Tax Incentives: $0.00
Personal Property: $27,266,956.00 TIRC Date: 3/15/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $66,045.45
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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