Business  |  Tax Incentives


Siemens Industry, Inc.
Agreement #011-05-02
Zone 011


Agreement Information

Community: NORWOOD      ODOD Status: Active
County: HAMILTON      Agrmt Date: 11/30/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 11/30/2018
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 335312

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $800,000.00 $5,900,000.00 $6,700,000.00
Exemptions $800,000.00 $5,900,000.00 $6,700,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $19,800,000.00 $0.00 $0.00 $19,800,000.00
Exemptions $19,800,000.00 $0.00 $0.00 $19,800,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 10 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: 327      Number Payroll
Employment in Ohio: 327      Retained 327 $17,000,000.00
     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: 482      Cumulative Taxes
Jobs Created: 155 Real Property Taxes Paid: $915,313.53
Jobs Retained: 327 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $482.00 Personal Property Taxes Paid: $664,785.92
New Payroll: $10,554,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $21,785,537.00 Other Tax Incentives: $0.00
Personal Property: $41,283,061.00 TIRC Date: 6/9/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $85,330.41 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: $0.00

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