Business  |  Tax Incentives


GENERAL MILLS OPERATIONS, INC.
Agreement #135-04-01
Zone 135


Agreement Information

Community: WELLSTON      ODOD Status: Active
County: JACKSON      Agrmt Date: 3/18/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 5/15/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 2038

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $7,900,000.00 $7,900,000.00
Exemptions $0.00 $7,900,000.00 $7,900,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $3,400,000.00 $0.00 $5,500,000.00 $8,900,000.00
Exemptions $3,400,000.00 $0.00 $5,500,000.00 $3,400,000.00
 

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: City Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 1200      Retained 0 $0.00
     Fulltime Permanent 3 $85,000.00
     Fulltime Temporary 0
     Parttime Permanent 0
Parttime Temporary 0
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1091      Cumulative Taxes
Jobs Created: 3 Real Property Taxes Paid: $111,177.00
Jobs Retained: 0 Real Property Taxes Forgone: $333,532.00
Total FTE in Ohio: $1,580.00 Personal Property Taxes Paid: $32,563.00
New Payroll: $116,750.00 Personal Prop. Taxes Forgone: $97,686.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $7,992,989.00 Other Tax Incentives: $0.00
Personal Property: $9,679,299.00 TIRC Date: 2/23/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $3,750.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $11,249.00
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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