Business  |  Tax Incentives


HS PROCESSING LIMITED PARTNERSHIP ET. AL.
Agreement #024-03-14
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 12/31/2003
Local School District:      Amend. Date:
Nature of Business: STEEL PROCESSING      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3399

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $8,640,000.00 $8,640,000.00
Exemptions $0.00 $8,640,000.00 $8,640,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $16,334,000.00 $0.00 $7,000,000.00 $23,334,000.00
Exemptions $16,334,000.00 $0.00 $7,000,000.00 $16,334,000.00
 

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: 0      Number Payroll
Employment in Ohio: 0      Retained 0 $0.00
     Fulltime Permanent 100 $3,400,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 120 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 85      Cumulative Taxes
Jobs Created: 85 Real Property Taxes Paid: $1,293,758.19
Jobs Retained: 0 Real Property Taxes Forgone: $2,915,523.29
Total FTE in Ohio: $244.00 Personal Property Taxes Paid: $161,488.00
New Payroll: $4,327,066.28 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $21,705,834.11 Other Tax Incentives: $0.00
Personal Property: $16,562,633.69 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $152,502.56 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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