Business  |  Tax Incentives


PROGRESS INDUSTRIAL PROPERTIES, INC Agreement #99-002 
CRA # 103-00075-01


Agreement Information
Community: SHARON TOWNSHIP      ODOD Status: Active
County: MEDINA      Agrmt Date: 7/9/1999
Local School District: HIGHLAND LOCAL SCHOOLS      Amend. Date:
     Expiration Date: 12/31/2015
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $270,000.00 $0.00 $1,815,000.00 $2,085,000.00
Exemptions $0.00 $1,815,000.00 $1,815,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 14 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 18 $450,000.00
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: 37      Cumulative Taxes
Jobs Created: 37 Real Property Taxes Paid: $154,711.59
Jobs Retained: 0 Real Property Taxes Forgone: $154,711.59
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,815,864.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $2,373,995.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/11/2014
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $17,193.60 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $17,194.14
Personal Property Taxes Paid: $300.59 Annual Report Year: 2013
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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