Business  |  Tax Incentives


GERMAK STEEL LLC
Agreement #018-04-03
Zone 018


Agreement Information

Community: YOUNGSTOWN      ODOD Status: Active
County: MAHONING      Agrmt Date: 9/2/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 9/2/2014
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3312

Real Property

Acquisition Improvements New Construction Total
Investments $2,900,000.00
Exemptions $2,900,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $3,000,000.00 $60,000.00 $2,500,000.00 $5,560,000.00
Exemptions $3,000,000.00 $60,000.00 $2,500,000.00 $3,060,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 10 yrs
 

Relocations

From Out of State: No State: PENNSYLVANIA Jobs: 32
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: 0      Retained 0 $0.00
     Fulltime Permanent 55 $2,000,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 0      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $0.00
Jobs Retained: 0 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $0.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 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: $0.00 TIRC Date: 8/28/2014
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $0.00 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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