Business  |  Tax Incentives


RSL Industries, Ltd. & McHenry Industries, Inc.
Agreement #269-09-01
Zone 269


Agreement Information

Community: AUSTINTOWN (TOWNSHIP OF)      ODOD Status: Active
County: MAHONING      Agrmt Date: 5/7/2009
Local School District:      Amend. Date:
Nature of Business: Industrial      Expiration Date: 12/31/2030
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 332900

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,500,000.00 $2,500,000.00
Exemptions $0.00 $1,500,000.00 $1,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $320,190.00 $0.00 $0.00 $320,190.00
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: 45      Number Payroll
Employment in Ohio: 45      Retained 45 $1,802,348.00
     Fulltime Permanent 45 $291,600.00
     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: 66      Cumulative Taxes
Jobs Created: 21 Real Property Taxes Paid: $100,141.00
Jobs Retained: 45 Real Property Taxes Forgone: $126,709.00
Total FTE in Ohio: $66.00 Personal Property Taxes Paid: $0.00
New Payroll: $246,096.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $3,561,297.00 Other Tax Incentives: $0.00
Personal Property: $355,446.00 TIRC Date: 3/29/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $19,449.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $25,847.00
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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