Business  |  Tax Incentives


BEN VENUE LABORATORIES, INC. Agreement #06-002 
CRA # 035-00295-01


Agreement Information
Community: BEDFORD      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 11/20/2006
Local School District: BEDFORD CITY SD      Amend. Date:
     Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: Yes
  SIC Code: 2834

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $14,800,000.00 $14,800,000.00
Exemptions $0.00 $14,800,000.00 $14,800,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $1,500,000.00 $700,000.00 $500,000.00 $2,700,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 200 $0.00
Fulltime Permanent 50 $1,750,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 60      Cumulative Taxes
Jobs Created: 60 Real Property Taxes Paid: $247,050.14
Jobs Retained: 0 Real Property Taxes Forgone: $958,550.16
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $6,067,978.22 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $15,255,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/10/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $162,042.98 Local Gov't. Action/Status: MODIFY
Real Property Taxes Forgone: $140,855.02
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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