Business  |  Tax Incentives


JBC TECHNOLOGIES INC.
Agreement #179-04-01
Zone 179


Agreement Information

Community: NORTH RIDGEVILLE      ODOD Status: Active
County: LORAIN      Agrmt Date: 9/1/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3053

Real Property

Acquisition Improvements New Construction Total
Investments $250,000.00 $0.00 $1,500,000.00 $1,750,000.00
Exemptions $0.00 $1,500,000.00 $1,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $593,000.00 $25,000.00 $150,000.00 $768,000.00
Exemptions $593,000.00 $25,000.00 $150,000.00 $618,000.00
 

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: Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 46      Retained 46 $775,000.00
     Fulltime Permanent 50 $713,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 0 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 107      Cumulative Taxes
Jobs Created: 61 Real Property Taxes Paid: $147,803.00
Jobs Retained: 46 Real Property Taxes Forgone: $308,625.00
Total FTE in Ohio: $107.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,000,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $3,775,000.00 Other Tax Incentives: $0.00
Personal Property: $2,800,000.00 TIRC Date: 3/21/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $42,757.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $5,573.00
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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