Business  |  Tax Incentives


STOW PROFESSIONAL BUILDING, L.P. Agreement #08-001 
CRA # 153-74944-01


Agreement Information
Community: STOW      ODOD Status: Active
County: Summit      Agrmt Date: 4/25/2008
Local School District:      Amend. Date:
     Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $4,400,000.00 $4,400,000.00
Exemptions $0.00 $4,400,000.00 $4,400,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 13 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $500,000.00 $0.00 $500,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 170 $600,000.00
Fulltime Permanent 45 $3,025,000.00
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: 174      Cumulative Taxes
Jobs Created: 49 Real Property Taxes Paid: $58,457.33
Jobs Retained: 125 Real Property Taxes Forgone: $656,340.53
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $7,686,926.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $499,911.34 Other Tax Incentives: $0.00
Personal Property: $500,000.00 TIRC Date: 8/27/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $7,964.63 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $129,793.53
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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