Business  |  Tax Incentives


LuK USA, LLC
Agreement #389-13-01
Zone 389


Agreement Information

Community: WOOSTER      ODOD Status: Active
County: WAYNE      Agrmt Date: 1/31/2013
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 336350

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,000,000.00 $2,000,000.00
Exemptions $0.00 $1,500,000.00 $1,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $30,000,000.00 $0.00 $0.00 $30,000,000.00
Exemptions $22,500,000.00 $0.00 $0.00 $22,500,000.00
 

Incentives

Variable Rate Rate Term
Real No $10.00% 75 yrs
Personal No $10.00% 75 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: 1177      Number Payroll
Employment in Ohio: 1177      Retained 1133 $59,800,000.00
     Fulltime Permanent 95 $2,865,300.00
     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: 1767      Cumulative Taxes
Jobs Created: 634 Real Property Taxes Paid: $481,484.42
Jobs Retained: 1133 Real Property Taxes Forgone: $11,927.00
Total FTE in Ohio: $1,767.00 Personal Property Taxes Paid: $0.00
New Payroll: $23,215,423.59 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,734,920.29 Other Tax Incentives: $0.00
Personal Property: $88,145,727.59 TIRC Date: 4/29/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $481,484.42 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $11,927.00
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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