Business  |  Tax Incentives


THE LINCOLN ELECTRIC COMPANY
Agreement #063-03-01
Zone 063


Agreement Information

Community: EUCLID      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 3/19/2003
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 3/31/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3548

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $5,232,000.00 $0.00 $5,232,000.00
Exemptions $0.00 $0.00 $0.00
 

Personal Property

M & E F & F Inventory Total
Investments $215,000.00 $150,000.00 $25,000,000.00 $25,365,000.00
Exemptions $215,000.00 $150,000.00 $25,000,000.00 $365,000.00
 

Incentives

Variable Rate Rate Term
Real No $0.00% 0 yrs
Personal No $75.00% 10 yrs
 

Relocations

From Out of State: No State: 0 Jobs: 0
In State: No Community: city Jobs: 30
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 1808      Number Payroll
Employment in Ohio: 2196      Retained 80 $2,287,599.00
     Fulltime Permanent 32 $1,586,724.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 2169      Cumulative Taxes
Jobs Created: 92 Real Property Taxes Paid: $2,330,239.00
Jobs Retained: 80 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $2,598.00 Personal Property Taxes Paid: $3,172,808.00
New Payroll: $7,102,295.00 Personal Prop. Taxes Forgone: $2,562,528.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $5,247,933.00 Other Tax Incentives: $0.00
Personal Property: $125,446,505.00 TIRC Date: 8/17/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $188,420.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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