Business  |  Tax Incentives


Foundation Systems & Anchors, Inc.
Agreement #234-09-01
Zone 234


Agreement Information

Community: CANTON (TOWNSHIP OF)      ODOD Status: Active
County: STARK      Agrmt Date: 11/4/2009
Local School District:      Amend. Date:
Nature of Business: Manufacturing      Expiration Date: 12/31/2021
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 1000.0000 SIC Code: 331200

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $720,000.00 $0.00 $720,000.00
Exemptions $432,000.00 $0.00 $432,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $608,000.00 $0.00 $0.00 $608,000.00
Exemptions $364,800.00 $0.00 $0.00 $364,800.00
 

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: 13      Number Payroll
Employment in Ohio: 13      Retained 13 $0.00
     Fulltime Permanent 3 $53,000.00
     Fulltime Temporary 1 $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: 20      Cumulative Taxes
Jobs Created: 7 Real Property Taxes Paid: $116,474.00
Jobs Retained: 13 Real Property Taxes Forgone: $36,723.00
Total FTE in Ohio: $20.00 Personal Property Taxes Paid: $0.00
New Payroll: $265,175.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $810,000.00 Other Tax Incentives: $0.00
Personal Property: $823,653.00 TIRC Date: 3/8/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $26,408.26 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $10,322.00
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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