Business  |  Tax Incentives


PLASTPRO 2000
Agreement #322-03-01
Zone 322


Agreement Information

Community: SAYBROOK      ODOD Status: Active
County: ASHTABULA      Agrmt Date: 12/4/2003
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2017
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3089

Real Property

Acquisition Improvements New Construction Total
Investments $3,000,000.00 $264,100.00 $9,985,900.00 $13,250,000.00
Exemptions $264,100.00 $9,985,900.00 $10,250,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $20,510,000.00 $200,000.00 $5,000,000.00 $25,710,000.00
Exemptions $20,510,000.00 $200,000.00 $5,000,000.00 $20,710,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 10 yrs
Personal No $100.00% 10 yrs
 

Relocations

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

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 0      Retained 120 $2,600,000.00
     Fulltime Permanent 36 $823,680.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 18 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 79      Cumulative Taxes
Jobs Created: 79 Real Property Taxes Paid: $684,819.76
Jobs Retained: 0 Real Property Taxes Forgone: $764,340.12
Total FTE in Ohio: $79.00 Personal Property Taxes Paid: $0.00
New Payroll: $3,193,249.78 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $0.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/25/2015
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $73,898.30 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $82,069.94
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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