Business  |  Tax Incentives


THE GLIDDEN COMPANY, D.B.A. I.C.I. PAINTS & SPROWL OHIO, LLC
Agreement #164-06-01
Zone 164


Agreement Information

Community: HURON (TOWNSHIP OF)      ODOD Status: Active
County: ERIE      Agrmt Date: 10/4/2006
Local School District:      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2022
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 55000.0000 SIC Code: 325510

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $7,400,000.00 $7,400,000.00
Exemptions $0.00 $7,400,000.00 $7,400,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,500,000.00 $50,000.00 $800,000.00 $2,350,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $0.00% 0 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: 1027      Retained 24 $1,100,000.00
     Fulltime Permanent 0 $0.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 69      Cumulative Taxes
Jobs Created: 45 Real Property Taxes Paid: $427,159.04
Jobs Retained: 24 Real Property Taxes Forgone: $793,295.08
Total FTE in Ohio: $681.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,913,041.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $9,500,000.00 Other Tax Incentives: $0.00
Personal Property: $1,923,076.00 TIRC Date: 3/2/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $54,360.47 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $100,955.16
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

Back to Search Page