Business  |  Tax Incentives

Nissen Chemitec America Inc.
Agreement #396-12-01
Zone 396

Agreement Information

Community: London      ODOD Status: Active
County: Madison      Agrmt Date: 1/20/2012
Local School District: London School District      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

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

Personal Property

M & E F & F Inventory Total
Investments $2,000,000.00
Exemptions $2,000,000.00


Variable Rate Rate Term
Real No $0.00% yrs
Personal No $0.00% yrs


From Out of State: No State: Jobs: 0
In State: No Community: Jobs: 0
Waiver Issued by ODOD: None


Existing Employment Job and Payroll Commitments
Employment at site: 287      Number Payroll
Employment in Ohio:      Retained
     Fulltime Permanent 21 $414,960.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: months


Agreement Status is: Active
Total full time equivalents at Site: 306      Cumulative Taxes
Jobs Created: 75 Real Property Taxes Paid: $446,260.00
Jobs Retained: 231 Real Property Taxes Forgone: $33,677.75
Total FTE in Ohio: $306.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,716,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,306,889.00 Other Tax Incentives: $0.00
Personal Property: $2,127,000.00 TIRC Date: 3/2/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $106,833.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $10,980.26
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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