Business  |  Tax Incentives


BEN VENUE LABORATORIES, INC. Agreement #05-001 
CRA # 035-00295-01


Agreement Information
Community: BEDFORD      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 6/8/2005
Local School District: BEDFORD CITY 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 $20,000,000.00 $20,000,000.00
Exemptions $0.00 $20,000,000.00 $20,000,000.00
 

Real Property Tax Incentives

Percentage  70 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $48,000,000.00 $500,000.00 $1,500,000.00 $50,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 983 $49,070,203.00
Fulltime Permanent 125 $4,375,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: 60 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1128      Cumulative Taxes
Jobs Created: 125 Real Property Taxes Paid: $5,909,248.13
Jobs Retained: 945 Real Property Taxes Forgone: $8,988,033.38
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $6,163,875.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $22,047,945.00 Other Tax Incentives: $0.00
Personal Property: $50,000,000.00 TIRC Date: 8/13/2013
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $818,707.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $1,810,437.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2013
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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