Business  |  Tax Incentives


Alltel Corporation, Cellco Partnership and affiliates, dba Verizon Wireless Agreement #10-001 
CRA # 153-04310-01


Agreement Information
Community: TWINSBURG      ODOD Status: Active
County: Summit      Agrmt Date: 3/23/2010
Local School District:      Amend. Date:
     Expiration Date: 12/31/2026
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 51721

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $13,000,000.00 $13,000,000.00
Exemptions $0.00 $13,000,000.00 $13,000,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 12 years  
 
Personal Property
M & E F & F Inventory Total
Investments $17,000,000.00 $500,000.00 $0.00 $17,500,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 100 $6,500,000.00
Fulltime Permanent 10 $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: 200      Cumulative Taxes
Jobs Created: 100 Real Property Taxes Paid: $934,063.00
Jobs Retained: 100 Real Property Taxes Forgone: $785,155.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $898,175.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $67,105,000.00 Other Tax Incentives: $0.00
Personal Property: $296,458,800.00 TIRC Date: 3/22/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $154,781.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $135,367.00
Personal Property Taxes Paid: Annual Report Year: 2016
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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