Business  |  Tax Incentives


General Mills Operations, LLC
Agreement #135-09-01
Zone 135


Agreement Information

Community: WELLSTON      ODOD Status: Active
County: JACKSON      Agrmt Date: 6/23/2009
Local School District:      Amend. Date:
Nature of Business: Manufacturing      Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 311412

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $10,000,000.00 $10,000,000.00
Exemptions $0.00 $7,500,000.00 $7,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $62,300,000.00 $0.00 $3,500,000.00 $65,800,000.00
Exemptions $46,725,000.00 $0.00 $2,625,000.00 $46,725,000.00
 

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

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 1145      Number Payroll
Employment in Ohio: 1600      Retained 1145 $0.00
     Fulltime Permanent 70 $2,700,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1091      Cumulative Taxes
Jobs Created: 70 Real Property Taxes Paid: $7,966.00
Jobs Retained: 0 Real Property Taxes Forgone: $23,899.00
Total FTE in Ohio: $1,580.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,893,500.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $18,724,505.00 Other Tax Incentives: $0.00
Personal Property: $61,285,763.00 TIRC Date: 2/23/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $1,668.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $5,004.00
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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