Business  |  Tax Incentives


POLYCHEM CORPORATION AND OR SUB.
Agreement #142-04-02
Zone 142


Agreement Information

Community: CLYDE      ODOD Status: Active
County: SANDUSKY      Agrmt Date: 8/5/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2019
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 35.0000 SIC Code: 3070

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $1,200,000.00 $0.00 $1,200,000.00
Exemptions $1,200,000.00 $0.00 $1,200,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $6,500,000.00 $0.00 $500,000.00 $7,000,000.00
Exemptions $6,500,000.00 $0.00 $500,000.00 $6,500,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 15 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: 98      Number Payroll
Employment in Ohio: 240      Retained 98 $3,152,067.00
     Fulltime Permanent
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 0 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 173      Cumulative Taxes
Jobs Created: 173 Real Property Taxes Paid: $0.00
Jobs Retained: 98 Real Property Taxes Forgone: $222,874.00
Total FTE in Ohio: $324.00 Personal Property Taxes Paid: $0.00
New Payroll: $8,150,780.00 Personal Prop. Taxes Forgone: $119,220.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $4,151,620.00 Other Tax Incentives: $0.00
Personal Property: $1,769,506.00 TIRC Date: 3/14/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $18,936.00
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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