Business  |  Tax Incentives

AEP Service Corp/ Ohio Power Company Agreement #14-100 
CRA # 049-02915-01

Agreement Information
Community: NEW ALBANY      ODOD Status: Active
County: Franklin      Agrmt Date: 12/16/2014
Local School District: New Albany Plain Local SD      Amend. Date:
     Expiration Date: 12/31/2031
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $20,000,000.00
Exemptions $20,000,000.00

Real Property Tax Incentives

Percentage  65 %  
Term 15 years  
Personal Property
M & E F & F Inventory Total
Investments $75,000,000.00 $50,000.00


Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 20 $1,295,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months


Agreement Status is: Active
Total full time equivalents at Site: 8      Cumulative Taxes
Jobs Created: 2 Real Property Taxes Paid: $365,525.00
Jobs Retained: 6 Real Property Taxes Forgone: $290,761.00
Total FTE in Ohio: Personal Property Taxes Paid: $1,191,243.00
New Payroll: $154,800.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $22,228,967.00 Other Tax Incentives: $0.00
Personal Property: $34,092,142.00 TIRC Date: 8/29/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $171,032.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $174,982.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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