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Sutphen Corporation
Agreement #194-08-01
Zone 194


Agreement Information

Community: GERMAN (TOWNSHIP OF)      ODOD Status: Active
County: CLARK      Agrmt Date: 7/11/2008
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/21/2018
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 33611

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $600,000.00 $0.00 $600,000.00
Exemptions $360,000.00 $0.00 $360,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $125,000.00 $95,000.00 $1,100,000.00 $1,320,000.00
Exemptions $75,000.00 $57,000.00 $660,000.00 $132,000.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 10 yrs
Personal No $60.00% 10 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: 78      Number Payroll
Employment in Ohio: 78      Retained 78 $3,538,138.00
     Fulltime Permanent 30 $1,082,224.00
     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: 77      Cumulative Taxes
Jobs Created: 3 Real Property Taxes Paid: $159,646.84
Jobs Retained: 74 Real Property Taxes Forgone: $43,166.34
Total FTE in Ohio: $223.00 Personal Property Taxes Paid: $0.00
New Payroll: $101,504.48 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $0.00 Other Tax Incentives: $0.00
Personal Property: $945,323.00 TIRC Date: 5/27/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $22,047.12 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $7,233.16
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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