Business  |  Tax Incentives

Charter Manufacturing Company, Inc.
Agreement #310-17-01
Zone 310

Agreement Information

Community: Cuyahoga Heights      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 1/27/2017
Local School District: Cuyahoga Heights Local SD      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2034
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $5,000,000.00 $20,000,000.00
Exemptions $5,000,000.00 $20,000,000.00 $25,000,000.00

Personal Property

M & E F & F Inventory Total
Investments $70,000,000.00 $4,000,000.00
Exemptions $70,000,000.00 $4,000,000.00


Variable Rate Rate Term
Real No % yrs
Personal No % yrs


From Out of State: No State: Jobs: 0
In State: No Community: Jobs: 0
Waiver Issued by ODOD: None


Existing Employment Job and Payroll Commitments
Employment at site:      Number Payroll
Employment in Ohio:      Retained 385 $29,500,000.00
     Fulltime Permanent 25 $2,200,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: months


Agreement Status is: Active
Total full time equivalents at Site: 413      Cumulative Taxes
Jobs Created: 28 Real Property Taxes Paid: $173,113.03
Jobs Retained: 385 Real Property Taxes Forgone: $321,495.63
Total FTE in Ohio: $528.00 Personal Property Taxes Paid: $0.00
New Payroll: $189,587.43 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $34,570,310.00 Other Tax Incentives: $0.00
Personal Property: $12,851,892.00 TIRC Date: 8/8/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $173,113.03 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $321,495.63
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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