Business  |  Tax Incentives


CINCINNATI TESTING LABORATORIES, INC.
Agreement #222-06-01
Zone 222


Agreement Information

Community: FOREST PARK      ODOD Status: Active
County: HAMILTON      Agrmt Date: 10/4/2006
Local School District:      Amend. Date:
Nature of Business: MATERIALS TESTING      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 8731

Real Property

Acquisition Improvements New Construction Total
Investments $500,000.00 $0.00 $2,500,000.00 $3,000,000.00
Exemptions $0.00 $2,500,000.00 $2,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $540,000.00 $90,000.00 $0.00 $630,000.00
Exemptions $540,000.00 $90,000.00 $0.00 $630,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 8 yrs
Personal No $75.00% 8 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: 0      Number Payroll
Employment in Ohio: 30      Retained 30 $1,616,295.00
     Fulltime Permanent 3 $80,000.00
     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: 70      Cumulative Taxes
Jobs Created: 40 Real Property Taxes Paid: $319,052.79
Jobs Retained: 30 Real Property Taxes Forgone: $561,795.49
Total FTE in Ohio: $70.00 Personal Property Taxes Paid: $18,410.00
New Payroll: $2,002,323.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $6,408,745.00 Other Tax Incentives: $10,000.00
Personal Property: $5,719,749.00 TIRC Date: 6/9/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $42,768.49 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $81,854.40
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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