Business  |  Tax Incentives


WESTERMAN, INC.
Agreement #232-06-01
Zone 232


Agreement Information

Community: BREMEN      ODOD Status: Active
County: FAIRFIELD      Agrmt Date: 3/14/2006
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2019
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 332900

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,460,000.00 $1,460,000.00
Exemptions $0.00 $1,460,000.00 $1,460,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $565,000.00 $0.00 $0.00 $565,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

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:
In State: No Community: Jobs:
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 107      Number Payroll
Employment in Ohio: 143      Retained 107 $4,669,000.00
     Fulltime Permanent 25 $832,000.00
     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: 121      Cumulative Taxes
Jobs Created: 47 Real Property Taxes Paid: $147,108.80
Jobs Retained: 107 Real Property Taxes Forgone: $83,603.31
Total FTE in Ohio: $207.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,332,553.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,528,184.47 Other Tax Incentives: $0.00
Personal Property: $1,094,277.36 TIRC Date: 4/11/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $24,692.10 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $14,435.56
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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