Business  |  Tax Incentives


Sonoco Products Company (Sonoco Plastics, Inc.) Agreement #11-004 
CRA # 049-53970-01


Agreement Information
Community: New Albany      ODOD Status: Active
County: Licking      Agrmt Date: 8/23/2011
Local School District:      Amend. Date:
     Expiration Date: 12/31/2023
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $15,000,000.00 $15,000,000.00
Exemptions $0.00 $15,000,000.00 $15,000,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 60 $2,100,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 80      Cumulative Taxes
Jobs Created: 80 Real Property Taxes Paid: $61,040.64
Jobs Retained: 0 Real Property Taxes Forgone: $372,438.29
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $2,852,309.96 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $8,878,845.00 Other Tax Incentives: $0.00
Personal Property: $16,389,129.00 TIRC Date: 9/2/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $22,436.20 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $131,160.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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