Business  |  Tax Incentives


Richwood Banking Company
Agreement #190-13-01
Zone 190


Agreement Information

Community: RICHWOOD      ODOD Status: Active
County: UNION      Agrmt Date: 1/28/2013
Local School District:      Amend. Date:
Nature of Business: commercial      Expiration Date: 12/31/2027
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 522110

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,750,000.00 $1,750,000.00
Exemptions $0.00 $1,312,500.00 $1,312,500.00
 

Personal Property

M & E F & F Inventory Total
Investments $100,000.00 $0.00 $0.00 $100,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 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: 19      Number Payroll
Employment in Ohio: 19      Retained 19 $926,000.00
     Fulltime Permanent 14 $690,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 43      Cumulative Taxes
Jobs Created: 20 Real Property Taxes Paid: $3,792.90
Jobs Retained: 19 Real Property Taxes Forgone: $10,740.02
Total FTE in Ohio: $98.00 Personal Property Taxes Paid: $0.00
New Payroll: $783,948.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,452,299.00 Other Tax Incentives: $0.00
Personal Property: $2,404,564.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $3,792.90 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $10,740.02
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

Back to Search Page