Business  |  Tax Incentives


M. A. Folkes Company, Inc.
Agreement #016-06-01
Zone 016


Agreement Information

Community: HAMILTON      ODOD Status: Active
County: BUTLER      Agrmt Date: 11/28/2006
Local School District:      Amend. Date:
Nature of Business: Manufacturing      Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,500,000.00 $2,500,000.00
Exemptions $0.00 $1,750,000.00 $1,750,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $15.00% 70 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: 0      Number Payroll
Employment in Ohio: 0      Retained 0 $1,395,354.00
     Fulltime Permanent 15 $369,600.00
     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: 12      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $296,121.00
Jobs Retained: 0 Real Property Taxes Forgone: $422,506.00
Total FTE in Ohio: $12.00 Personal Property Taxes Paid: $0.00
New Payroll: $744,557.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,500,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $38,095.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $54,978.00
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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