Business  |  Tax Incentives


Seaman Corporation
Agreement #389-12-01
Zone 389


Agreement Information

Community: WOOSTER      ODOD Status: Active
County: WAYNE      Agrmt Date: 2/20/2012
Local School District:      Amend. Date:
Nature of Business: industrial      Expiration Date: 12/31/2025
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 313320

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $3,500,000.00 $3,500,000.00
Exemptions $0.00 $1,750,000.00 $1,750,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $5,000,000.00 $0.00 $0.00 $5,000,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 10 yrs
Personal No $0.00% 0 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: 151      Number Payroll
Employment in Ohio: 151      Retained 141 $9,900,000.00
     Fulltime Permanent 12 $660,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 151      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $118,593.46
Jobs Retained: 141 Real Property Taxes Forgone: $7,200.00
Total FTE in Ohio: $160.00 Personal Property Taxes Paid: $0.00
New Payroll: $828,787.88 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $4,664,263.98 Other Tax Incentives: $0.00
Personal Property: $7,068,996.25 TIRC Date: 4/29/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $118,593.46 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $7,200.00
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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