Business  |  Tax Incentives

Machintek Corporation Agreement #14-101 
CRA # 017-01340-01

Agreement Information
Community: FAIRFIELD      ODOD Status: Active
County: Butler      Agrmt Date: 7/14/2014
Local School District: Fairfield City SD      Amend. Date:
     Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 3599

Real Property

Acquisition Improvements New Construction Total
Investments $10,000.00 $150,000.00 $2,300,000.00 $2,460,000.00
Exemptions $150,000.00 $2,300,000.00 $2,450,000.00

Real Property Tax Incentives

Percentage  60 %  
Term 7 years  
Personal Property
M & E F & F Inventory Total
Investments $500,000.00 $100,000.00


Job and Payroll Commitments
Number Payroll
Retained 52 $4,200,000.00
Fulltime Permanent 5 $1,750,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months


Agreement Status is: Active
Total full time equivalents at Site: 75      Cumulative Taxes
Jobs Created: 23 Real Property Taxes Paid: $144,818.00
Jobs Retained: 52 Real Property Taxes Forgone: $59,650.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,510,000.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $2,656,471.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 11/7/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $41,703.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $19,650.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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