Business  |  Tax Incentives


INTERNATIONAL CONVERTER, INC.
Agreement #280-05-01
Zone 280


Agreement Information

Community: OLIVE (TOWNSHIP OF)      ODOD Status: Active
County: NOBLE      Agrmt Date: 5/16/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 2671

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $0.00 $0.00
Exemptions $0.00 $0.00 $0.00
 

Personal Property

M & E F & F Inventory Total
Investments $2,340,000.00 $0.00 $450,000.00 $2,790,000.00
Exemptions $2,340,000.00 $0.00 $450,000.00 $2,340,000.00
 

Incentives

Variable Rate Rate Term
Real No $0.00% 0 yrs
Personal No $60.00% 10 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: 107      Number Payroll
Employment in Ohio: 185      Retained 107 $2,823,808.00
     Fulltime Permanent 0 $0.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 82      Cumulative Taxes
Jobs Created: 30 Real Property Taxes Paid: $286,880.72
Jobs Retained: 101 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $82.00 Personal Property Taxes Paid: $280,791.00
New Payroll: $926,919.07 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $0.00 Other Tax Incentives: $0.00
Personal Property: $2,165,736.00 TIRC Date: 3/19/2015
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $34,192.86 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $0.00
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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