Business  |  Tax Incentives


Novelart Manufacturing, Co. dba TOPICZ
Agreement #346-12-01
Zone 346


Agreement Information

Community: AMBERLEY      ODOD Status: Active
County: HAMILTON      Agrmt Date: 9/19/2012
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 424410

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,501,858.00 $2,501,858.00
Exemptions $0.00 $1,876,393.50 $1,876,393.50
 

Personal Property

M & E F & F Inventory Total
Investments $190,000.00 $40,000.00 $855,770.00 $1,085,770.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 6 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: 134      Number Payroll
Employment in Ohio: 134      Retained 134 $4,295,000.00
     Fulltime Permanent 9 $187,500.00
     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: 137      Cumulative Taxes
Jobs Created: 12 Real Property Taxes Paid: $66,409.00
Jobs Retained: 125 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $137.00 Personal Property Taxes Paid: $0.00
New Payroll: $370,288.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $4,325,893.00 Other Tax Incentives: $0.00
Personal Property: $1,487,078.00 TIRC Date: 6/9/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $35,076.00 Local Gov't. Action/Status: CONTINUE
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:

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