Business  |  Tax Incentives


Flavorseal, LLC formerly CARROLL SALES AGENCY INC. ET. AL.
Agreement #094-05-02
Zone 094


Agreement Information

Community: AVON (TOWNSHIP OF)      ODOD Status: Active
County: LORAIN      Agrmt Date: 3/16/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 326111

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $3,000,000.00 $3,000,000.00
Exemptions $0.00 $30,000,000.00 $30,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,000,000.00 $250,000.00 $500,000.00 $1,750,000.00
Exemptions $1,000,000.00 $250,000.00 $500,000.00 $1,250,000.00
 

Incentives

Variable Rate Rate Term
Real Yes $67.00% 10 yrs
Personal Yes $67.00% 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: 43      Number Payroll
Employment in Ohio: 43      Retained 43 $1,100,000.00
     Fulltime Permanent 25 $204,648.00
     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: 123      Cumulative Taxes
Jobs Created: 80 Real Property Taxes Paid: $649,346.00
Jobs Retained: 61 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $123.00 Personal Property Taxes Paid: $70,020.00
New Payroll: $4,144,513.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $7,504,942.00 Other Tax Incentives: $0.00
Personal Property: $13,663,357.00 TIRC Date: 3/20/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $125,826.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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