Business  |  Tax Incentives


OATEY WAREHOUSE, LLC; OATEY, CO.
Agreement #024-03-09
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 7/10/2003
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 9/1/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 339900

Real Property

Acquisition Improvements New Construction Total
Investments $800,000.00 $0.00 $7,600,000.00 $8,400,000.00
Exemptions $0.00 $7,600,000.00 $7,600,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $750,000.00 $200,000.00 $5,500,000.00 $6,450,000.00
Exemptions $750,000.00 $200,000.00 $5,500,000.00 $950,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $65.00% 10 yrs
 

Relocations

From Out of State: No State: Jobs: 0
In State: No Community: Jobs: 72
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 302      Number Payroll
Employment in Ohio: 374      Retained 260 $0.00
     Fulltime Permanent 50 $2,250,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 25 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 428      Cumulative Taxes
Jobs Created: 202 Real Property Taxes Paid: $1,634,576.90
Jobs Retained: 226 Real Property Taxes Forgone: $1,879,345.79
Total FTE in Ohio: $428.00 Personal Property Taxes Paid: $1,704,873.00
New Payroll: $2,912,908.06 Personal Prop. Taxes Forgone: $776,470.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $7,380,000.00 Other Tax Incentives: $0.00
Personal Property: $6,450,000.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $342,937.67 Local Gov't. Action/Status: CONTINUE
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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