Business  |  Tax Incentives


Principle Industries, Inc.
Agreement #193-16-01
Zone 193


Agreement Information

Community: Middleton Township      ODOD Status: Active
County: Wood      Agrmt Date: 8/23/2016
Local School District: Eastwood Local SD      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2026
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 35000.0000 SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $4,000,000.00
Exemptions $4,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments
Exemptions
 

Incentives

Variable Rate Rate Term
Real No % yrs
Personal No % 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:      Number Payroll
Employment in Ohio:      Retained 221
     Fulltime Permanent 5 $175,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 250      Cumulative Taxes
Jobs Created: 5 Real Property Taxes Paid: $168,066.00
Jobs Retained: 221 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $281.00 Personal Property Taxes Paid: $0.00
New Payroll: $175,500.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $7,901,988.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/21/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $168,066.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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