Business  |  Tax Incentives


GENERAL ELECTRIC Agreement #06-001 
CRA # 035-80990-01


Agreement Information
Community: WARRENSVILLE HEIGHTS WEST      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 6/7/2006
Local School District: WARRENSVILLE HEIGHTS CITY SD      Amend. Date:
     Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 332117

Real Property

Acquisition Improvements New Construction Total
Investments $1,500,000.00 $700,000.00 $6,000,000.00 $8,200,000.00
Exemptions $700,000.00 $6,000,000.00 $6,700,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $500,000.00 $0.00 $500,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 57 $3,400,000.00
Fulltime Permanent 3 $250,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 120 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 79      Cumulative Taxes
Jobs Created: 24 Real Property Taxes Paid: $963,333.00
Jobs Retained: 55 Real Property Taxes Forgone: $563,098.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,246,117.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $6,000,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/17/2017
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $97,938.00 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $60,832.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

Back to Search Page