Business  |  Tax Incentives


LuK USA, LLC
Agreement #389-16-01
Zone 389


Agreement Information

Community: Wooster      ODOD Status: Active
County: Wayne      Agrmt Date: 5/31/2016
Local School District: Wooster City SD      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2028
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $10,000,000.00
Exemptions $10,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $40,000,000.00
Exemptions $40,000,000.00
 

Incentives

Variable Rate Rate Term
Real No % yrs
Personal No % 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:      Number Payroll
Employment in Ohio:      Retained 1684 $101,116,000.00
     Fulltime Permanent 200 $8,000,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1672      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $15,165.11
Jobs Retained: 1672 Real Property Taxes Forgone: $45,495.34
Total FTE in Ohio: $1,672.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $10,536,058.79 Other Tax Incentives: $240,000.00
Personal Property: $67,832,406.23 TIRC Date: 5/11/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $15,165.11 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $45,495.34
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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