Business  |  Tax Incentives


HOMEWORKS INC.
Agreement #382-04-01
Zone 382


Agreement Information

Community: WALTON HILLS      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 7/7/2004
Local School District:      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 442110

Real Property

Acquisition Improvements New Construction Total
Investments $50,000.00 $0.00 $2,000,000.00 $2,050,000.00
Exemptions $0.00 $2,000,000.00 $2,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $250,000.00 $100,000.00 $250,000.00 $600,000.00
Exemptions $250,000.00 $100,000.00 $250,000.00 $350,000.00
 

Incentives

Variable Rate Rate Term
Real Yes $55.00% 10 yrs
Personal Yes $55.00% 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: 116      Number Payroll
Employment in Ohio: 261      Retained 0 $0.00
     Fulltime Permanent 17 $492,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 342      Cumulative Taxes
Jobs Created: 226 Real Property Taxes Paid: $386,381.00
Jobs Retained: 0 Real Property Taxes Forgone: $681,978.00
Total FTE in Ohio: $499.00 Personal Property Taxes Paid: $45,192.00
New Payroll: $6,155,004.00 Personal Prop. Taxes Forgone: $135,578.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $4,357,894.00 Other Tax Incentives: $0.00
Personal Property: $419,479.00 TIRC Date: 8/5/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $85,046.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $45,794.00
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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