Business  |  Tax Incentives


Albrecht, Incorporated & the Fred W. Albrecht Grocery Company Agreement #12-001 
CRA # 153-19778-03


Agreement Information
Community: CUYAHOGA FALLS      ODOD Status: Active
County: Summit      Agrmt Date: 4/23/2012
Local School District:      Amend. Date:
     Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 5411

Real Property

Acquisition Improvements New Construction Total
Investments $460,000.00 $0.00 $5,127,300.00 $5,587,300.00
Exemptions $0.00 $2,563,650.00 $2,563,650.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $1,893,900.00 $0.00 $350,000.00 $2,243,900.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 678 $1,759,000.00
Fulltime Permanent 8 $199,680.00
Fulltime Temporary 0 $0.00
Parttime Permanent 12 $149,760.00
Parttime Temporary 0 $0.00
Job Creation Period: 12 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 108      Cumulative Taxes
Jobs Created: 40 Real Property Taxes Paid: $110,356.00
Jobs Retained: 68 Real Property Taxes Forgone: $14,196.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $370,650.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $9,023,697.00 Other Tax Incentives: $0.00
Personal Property: $591,396.00 TIRC Date: 6/15/2014
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $29,928.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $7,098.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

Back to Search Page