Business  |  Tax Incentives


SHEAR REALTY CORP, PLL
Agreement #018-07-03
Zone 018

Agreement Information
Community: YOUNGSTOWN      ODOD Status: Active
County: MAHONING      Agrmt Date: 8/16/2007
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 33140

Real Property
Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $450,000.00 $450,000.00
Exemptions $0.00 $450,000.00 $450,000.00
 

Personal Property
M & E F & F Inventory Total
Investments $600,000.00 $0.00 $0.00 $600,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives
Variable Rate Rate Term
Real No $75.00% 10 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: 22      Retained 0 $0.00
     Fulltime Permanent 10 $220,000.00
     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: 14      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $144,487.00
Jobs Retained: 14 Real Property Taxes Forgone: $68,303.00
Total FTE in Ohio: $14.00 Personal Property Taxes Paid: $604.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,400,000.00 Other Tax Incentives: $0.00
Personal Property: $600,000.00 TIRC Date: 10/17/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $20,568.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $8,495.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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