Business  |  Tax Incentives


GORMAN RUPP COMPANY
Agreement #096-98-03
Zone 096


Agreement Information

Community: MANSFIELD CITY      ODOD Status: Active
County: RICHLAND      Agrmt Date: 7/21/1998
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation 0.0000 SIC Code: 3561

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $50,690,000.00 $0.00 $50,690,000.00
Exemptions $50,690,000.00 $0.00 $50,690,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $16,470,000.00 $340,000.00 $4,500,000.00 $21,310,000.00
Exemptions $16,470,000.00 $340,000.00 $4,500,000.00 $16,810,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 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: 524      Number Payroll
Employment in Ohio: 644      Retained 524 $20,735,783.00
     Fulltime Permanent 50 $1,888,650.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 120 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 366      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $1,091,387.00
Jobs Retained: 524 Real Property Taxes Forgone: $4,579,657.00
Total FTE in Ohio: $496.00 Personal Property Taxes Paid: $633,289.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $648,651.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $76,006,646.00 Other Tax Incentives: $400,000.00
Personal Property: $32,463,728.00 TIRC Date: 3/16/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $270,461.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $740,875.00
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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