Business  |  Tax Incentives


Young Explorers Montessori Agreement #15-100 
CRA # 153-04310-01


Agreement Information
Community: TWINSBURG      ODOD Status: Active
County: Summit      Agrmt Date: 1/16/2015
Local School District: Twinsburg SD      Amend. Date:
     Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $1,100,000.00
Exemptions $1,100,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 2 years  
 
Personal Property
M & E F & F Inventory Total
Investments $200,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained
Fulltime Permanent 12 $428,000.00
Fulltime Temporary
Parttime Permanent 12
Parttime Temporary
Job Creation Period: 2 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 16      Cumulative Taxes
Jobs Created: 4 Real Property Taxes Paid: $3,961.00
Jobs Retained: 0 Real Property Taxes Forgone: $3,961.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $134,632.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $1,100,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/24/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $3,961.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $3,961.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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