Business  |  Tax Incentives


Shearer's Foods, Inc.
Agreement #035-08-02
Zone 035


Agreement Information

Community: MASSILLON      ODOD Status: Active
County: STARK      Agrmt Date: 10/8/2008
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: 311900

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $18,000,000.00 $18,000,000.00
Exemptions $0.00 $13,500,000.00 $13,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $35,000,000.00 $0.00 $0.00 $35,000,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 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: 82      Number Payroll
Employment in Ohio: 82      Retained 82 $3,353,836.00
     Fulltime Permanent 60 $2,189,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 543      Cumulative Taxes
Jobs Created: 59 Real Property Taxes Paid: $506,639.00
Jobs Retained: 49 Real Property Taxes Forgone: $167,369.00
Total FTE in Ohio: $1,214.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,244,740.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $9,287,446.00 Other Tax Incentives: $0.00
Personal Property: $15,111,985.00 TIRC Date: 3/23/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $112,053.00 Local Gov't. Action/Status: NA
Real Property Taxes Forgone: $46,804.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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