Business  |  Tax Incentives


Diversified Honing, Inc.
Agreement #300-11-01
Zone 300


Agreement Information

Community: LAWRENCE (TOWNSHIP OF)      ODOD Status: Active
County: TUSCARAWAS      Agrmt Date: 10/20/2011
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3541

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $485,762.00 $485,762.00
Exemptions $0.00 $291,457.00 $291,457.00
 

Personal Property

M & E F & F Inventory Total
Investments $80,457.00 $0.00 $0.00 $80,457.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 10 yrs
Personal No $0.00% 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: 18      Number Payroll
Employment in Ohio: 18      Retained 18 $0.00
     Fulltime Permanent 2 $70,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 23      Cumulative Taxes
Jobs Created: 2 Real Property Taxes Paid: $12,286.32
Jobs Retained: 0 Real Property Taxes Forgone: $36,788.90
Total FTE in Ohio: $23.00 Personal Property Taxes Paid: $0.00
New Payroll: $154,715.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $500,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 2/11/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $4,596.30 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $13,788.90
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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