Business  |  Tax Incentives


GED INTEGRATED SOLUTIONS, INC.
Agreement #065-05-06
Zone 065


Agreement Information

Community: TWINSBURG      ODOD Status: Active
County: SUMMIT      Agrmt Date: 7/25/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3559

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $3,240,000.00 $3,240,000.00
Exemptions $0.00 $3,240,000.00 $3,240,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $750,000.00 $285,000.00 $0.00 $1,035,000.00
Exemptions $750,000.00 $285,000.00 $0.00 $1,035,000.00
 

Incentives

Variable Rate Rate Term
Real Yes $40.00% 10 yrs
Personal Yes $50.00% 5 yrs
 

Relocations

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

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 140      Number Payroll
Employment in Ohio: 140      Retained 140 $5,000,000.00
     Fulltime Permanent 30 $1,100,000.00
     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: 109      Cumulative Taxes
Jobs Created: 52 Real Property Taxes Paid: $749,439.15
Jobs Retained: 57 Real Property Taxes Forgone: $235,805.98
Total FTE in Ohio: $109.00 Personal Property Taxes Paid: $219,291.00
New Payroll: $2,718,764.00 Personal Prop. Taxes Forgone: $2,666.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $4,901,425.00 Other Tax Incentives: $0.00
Personal Property: $564,524.00 TIRC Date: 6/16/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $95,873.34 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $13,699.22
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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