Business  |  Tax Incentives


Verhoff Machine & Welding, Inc.
Agreement #191-09-01
Zone 191


Agreement Information

Community: GREENSBURG (TOWNSHIP OF)      ODOD Status: Active
County: PUTNAM      Agrmt Date: 10/6/2009
Local School District:      Amend. Date:
Nature of Business: Manufacturing      Expiration Date: 12/31/2024
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 25.0000 SIC Code: 35599

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $900,000.00 $900,000.00
Exemptions $0.00 $900,000.00 $900,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $600,000.00 $0.00 $0.00 $600,000.00
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: 108      Number Payroll
Employment in Ohio: 125      Retained 10 $312,000.00
     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: 84      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $0.00
Jobs Retained: 10 Real Property Taxes Forgone: $24,426.00
Total FTE in Ohio: $99.00 Personal Property Taxes Paid: $0.00
New Payroll: $39,510.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,049,174.00 Other Tax Incentives: $0.00
Personal Property: $862,551.00 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: $8,207.00
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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