Business  |  Tax Incentives


FIFTH THIRD BANK
Agreement #013-03-02
Zone 013


Agreement Information

Community: CINCINNATI      ODOD Status: Active
County: HAMILTON      Agrmt Date: 1/9/2003
Local School District:      Amend. Date:
Nature of Business: BANKING/FINANCIAL SERVICES      Expiration Date: 12/31/2015
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 25.0000 SIC Code: 522110

Real Property

Acquisition Improvements New Construction Total
Investments $14,900,000.00 $0.00 $26,263,000.00 $41,163,000.00
Exemptions $0.00 $0.00 $0.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,850,000.00 $4,195,000.00 $0.00 $6,045,000.00
Exemptions $1,850,000.00 $4,195,000.00 $0.00 $6,045,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 10 yrs
Personal No $0.00% 0 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: 0      Number Payroll
Employment in Ohio: 8323      Retained 0 $0.00
     Fulltime Permanent 100 $5,000,000.00
     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: 1506      Cumulative Taxes
Jobs Created: 1150 Real Property Taxes Paid: $4,371,700.00
Jobs Retained: 356 Real Property Taxes Forgone: $6,923,812.00
Total FTE in Ohio: $8,769.00 Personal Property Taxes Paid: $0.00
New Payroll: $66,649,300.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $64,018,389.00 Other Tax Incentives: $0.00
Personal Property: $209,227.00 TIRC Date: 6/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $437,751.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $718,364.00
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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