Business  |  Tax Incentives

BLUE 22, Ltd.
Agreement #024-08-01
Zone 024

Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 8/14/2008
Local School District:      Amend. Date:
Nature of Business: Commercial      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $450,000.00 $0.00 $1,900,000.00 $2,350,000.00

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00


Variable Rate Rate Term
Real No $35.00% 10 yrs
Personal No $0.00% yrs


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


Existing Employment Job and Payroll Commitments
Employment at site: 30      Number Payroll
Employment in Ohio: 30      Retained 30 $1,200,000.00
     Fulltime Permanent 6 $728,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months


Agreement Status is: Active
Total full time equivalents at Site: 35      Cumulative Taxes
Jobs Created: 35 Real Property Taxes Paid: $347,479.82
Jobs Retained: 0 Real Property Taxes Forgone: $102,419.72
Total FTE in Ohio: $35.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,606,531.70 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,581,797.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/25/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $39,215.04 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $11,114.96
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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