Business  |  Tax Incentives


Novatex North America, Inc. & Ashland Property Resources, Inc.
Agreement #037-10-01
Zone 037


Agreement Information

Community: ASHLAND      ODOD Status: Active
County: ASHLAND      Agrmt Date: 9/9/2010
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3069

Real Property

Acquisition Improvements New Construction Total
Investments $1,800,000.00 $300,000.00 $1,600,000.00 $3,700,000.00
Exemptions $150,000.00 $800,000.00 $950,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,750,000.00 $0.00 $0.00 $1,750,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 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: 0      Number Payroll
Employment in Ohio: 0      Retained 5 $0.00
     Fulltime Permanent 20 $450,000.00
     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: 63      Cumulative Taxes
Jobs Created: 27 Real Property Taxes Paid: $227,321.84
Jobs Retained: 0 Real Property Taxes Forgone: $190,704.50
Total FTE in Ohio: $63.00 Personal Property Taxes Paid: $0.00
New Payroll: $713,941.20 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $4,421,439.00 Other Tax Incentives: $0.00
Personal Property: $10,746,755.25 TIRC Date: 10/13/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $41,057.84 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $16,023.72
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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