Business  |  Tax Incentives

Agreement #024-14-100
Zone 024

Agreement Information

Community: Cleveland      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 6/27/2014
Local School District: Cleveland City SD      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $27,766,522.00
Exemptions $27,766,522.00

Personal Property

M & E F & F Inventory Total


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


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


Existing Employment Job and Payroll Commitments
Employment at site:      Number Payroll
Employment in Ohio:      Retained
     Fulltime Permanent 220 $2,340,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: months


Agreement Status is: Active
Total full time equivalents at Site: 164      Cumulative Taxes
Jobs Created: 164 Real Property Taxes Paid: $899,456.04
Jobs Retained: 0 Real Property Taxes Forgone: $1,875,730.00
Total FTE in Ohio: $164.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,947,998.38 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $23,060,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/25/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $226,685.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $556,000.00
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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