Business  |  Tax Incentives


NORTH STAR METALS MFG. CO. ET. AL.
Agreement #331-04-01
Zone 331


Agreement Information

Community: WARWICK (TOWNSHIP OF)      ODOD Status: Active
County: TUSCARAWAS      Agrmt Date: 9/30/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3444

Real Property

Acquisition Improvements New Construction Total
Investments $700,000.00
Exemptions $700,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $475,000.00 $6,000.00 $175,000.00 $656,000.00
Exemptions $475,000.00 $6,000.00 $175,000.00 $481,000.00
 

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: 0
In State: No Community: Village of Gnadenhutten Jobs: 8
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 8      Retained 8 $215,000.00
     Fulltime Permanent 6 $157,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 33      Cumulative Taxes
Jobs Created: 25 Real Property Taxes Paid: $60,643.81
Jobs Retained: 8 Real Property Taxes Forgone: $90,966.32
Total FTE in Ohio: $33.00 Personal Property Taxes Paid: $22,916.00
New Payroll: $1,031,931.00 Personal Prop. Taxes Forgone: $6,338.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,963,843.00 Other Tax Incentives: $0.00
Personal Property: $4,912,370.00 TIRC Date: 2/17/2016
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $7,037.83 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $10,556.74
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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