Business  |  Tax Incentives


GENERAL MOTORS, LLC
Agreement #022-06-02
Zone 022


Agreement Information

Community: TOLEDO      ODOD Status: Active
County: LUCAS      Agrmt Date: 2/9/2006
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3714

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $30,600,000.00 $70,000,000.00 $100,600,000.00
Exemptions $30,600,000.00 $70,000,000.00 $100,600,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $362,200,000.00 $0.00 $0.00 $362,200,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 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: 3530      Number Payroll
Employment in Ohio: 19771      Retained 893 $50,000,000.00
     Fulltime Permanent 0 $0.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 936      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $0.00
Jobs Retained: 936 Real Property Taxes Forgone: $6,369,489.00
Total FTE in Ohio: $1,977.00 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: $92,300,000.00 Other Tax Incentives: $0.00
Personal Property: $362,200,000.00 TIRC Date: 3/30/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $742,242.00
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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