Business  |  Tax Incentives


Engineered Wired Products, Inc.
Agreement #111-09-01
Zone 111


Agreement Information

Community: WARREN      ODOD Status: Active
County: TRUMBULL      Agrmt Date: 7/15/2009
Local School District:      Amend. Date:
Nature of Business: Manufacturing      Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3313321

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,000,000.00 $2,000,000.00
Exemptions $0.00 $1,500,000.00 $1,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $3,000,000.00 $50,000.00 $5,000,000.00 $8,050,000.00
Exemptions $2,250,000.00 $37,500.00 $3,750,000.00 $2,287,500.00
 

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:
In State: No Community: Jobs:
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 0      Retained 0 $0.00
     Fulltime Permanent 45 $2,000,000.00
     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: 38      Cumulative Taxes
Jobs Created: 38 Real Property Taxes Paid: $94,000.60
Jobs Retained: 0 Real Property Taxes Forgone: $252,788.80
Total FTE in Ohio: $38.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,625,204.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $7,213,865.00 Other Tax Incentives: $0.00
Personal Property: $12,352,466.00 TIRC Date: 6/8/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $30,603.60 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $91,810.80
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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