Business  |  Tax Incentives


Medline Industries, Inc.
Agreement #038-10-01
Zone 038


Agreement Information

Community: CANTON      ODOD Status: Active
County: STARK      Agrmt Date: 3/1/2010
Local School District:      Amend. Date:
Nature of Business: Commercial      Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 423450

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $11,000,000.00 $11,000,000.00
Exemptions $0.00 $8,250,000.00 $8,250,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,500,000.00 $0.00 $1,200,000.00 $2,700,000.00
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: 0      Number Payroll
Employment in Ohio: 52      Retained 0 $0.00
     Fulltime Permanent 25 $3,510,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 12 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 89      Cumulative Taxes
Jobs Created: 89 Real Property Taxes Paid: $483,185.30
Jobs Retained: 0 Real Property Taxes Forgone: $1,243,883.74
Total FTE in Ohio: $222.00 Personal Property Taxes Paid: $0.00
New Payroll: $3,224,179.52 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $11,431,919.35 Other Tax Incentives: $0.00
Personal Property: $6,478,913.72 TIRC Date: 3/16/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $117,735.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $334,899.60
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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