Business  |  Tax Incentives


KBK TOOL PROPERTIES, LTD. DBA NORWOOD TOOL COMPANY
Agreement #081-04-01
Zone 081


Agreement Information

Community: DAYTON      ODOD Status: Active
County: MONTGOMERY      Agrmt Date: 2/18/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3544

Real Property

Acquisition Improvements New Construction Total
Investments $400,000.00
Exemptions $400,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $2,000,000.00 $50,000.00
Exemptions $2,000,000.00 $50,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 10 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: 219      Number Payroll
Employment in Ohio: 0      Retained 9 $315,000.00
     Fulltime Permanent 30 $1,050,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 39      Cumulative Taxes
Jobs Created: 30 Real Property Taxes Paid: $158,096.04
Jobs Retained: 9 Real Property Taxes Forgone: $119,093.84
Total FTE in Ohio: $39.00 Personal Property Taxes Paid: $62,739.00
New Payroll: $1,295,730.00 Personal Prop. Taxes Forgone: $188,221.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $632,303.00 Other Tax Incentives: $0.00
Personal Property: $10,118,629.00 TIRC Date: 2/22/2016
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $62,530.30 Local Gov't. Action/Status: EXPIRE
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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