Business  |  Tax Incentives


EXAL CORPORATION
Agreement #018-05-06
Zone 018


Agreement Information

Community: YOUNGSTOWN      ODOD Status: Active
County: MAHONING      Agrmt Date: 7/21/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3410

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $3,000,000.00 $3,000,000.00
Exemptions $0.00 $3,000,000.00 $3,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $18,000,000.00 $0.00 $2,000,000.00 $20,000,000.00
Exemptions $18,000,000.00 $0.00 $2,000,000.00 $18,000,000.00
 

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: 0
In State: No Community: Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 221      Number Payroll
Employment in Ohio: 221      Retained 0 $0.00
     Fulltime Permanent 42 $1,596,000.00
     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: 401      Cumulative Taxes
Jobs Created: 68 Real Property Taxes Paid: $587,879.00
Jobs Retained: 0 Real Property Taxes Forgone: $495,753.00
Total FTE in Ohio: $401.00 Personal Property Taxes Paid: $187,903.00
New Payroll: $5,546,105.00 Personal Prop. Taxes Forgone: $246,426.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $4,665,616.00 Other Tax Incentives: $0.00
Personal Property: $33,060,640.00 TIRC Date: 8/21/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $52,279.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $155,896.00
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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