Business  |  Tax Incentives


BEN VENUE LABORATORIES Agreement #01-001 
CRA # 035-00295-01


Agreement Information
Community: BEDFORD      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 9/10/2001
Local School District:      Amend. Date:
     Expiration Date: 12/31/2016
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code: 2834

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $25,000,000.00 $25,000,000.00
Exemptions $0.00 $25,000,000.00 $25,000,000.00
 

Real Property Tax Incentives

Percentage  84 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $44,000,000.00 $1,000,000.00 $14,500,000.00 $59,500,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 691 $26,766,804.00
Fulltime Permanent 300 $9,000,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 60 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 0      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $9,239,920.90
Jobs Retained: 0 Real Property Taxes Forgone: $13,523,685.92
Total FTE in Ohio: Personal Property Taxes Paid: $15,398,212.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $31,882,732.00 Other Tax Incentives: $0.00
Personal Property: $40,423,912.00 TIRC Date: 8/5/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $914,123.00 Local Gov't. Action/Status: MODIFY
Real Property Taxes Forgone: $1,924,187.67
Personal Property Taxes Paid: $1,293,292.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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