Business  |  Tax Incentives


TAYLOR STEEL Agreement #02-001 
CRA # 155-02287-01


Agreement Information
Community: LORDSTOWN      ODOD Status: Active
County: Trumbull      Agrmt Date: 10/22/2002
Local School District:      Amend. Date:
     Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 5051

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $5,500,000.00 $5,500,000.00
Exemptions $0.00 $5,500,000.00 $5,500,000.00
 

Real Property Tax Incentives

Percentage  65 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $3,000,000.00 $200,000.00 $4,000,000.00 $7,200,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 81 $5,000,000.00
Fulltime Permanent 25 $1,200,000.00
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: 89      Cumulative Taxes
Jobs Created: 32 Real Property Taxes Paid: $377,167.00
Jobs Retained: 57 Real Property Taxes Forgone: $880,401.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,777,225.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $5,956,571.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/14/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $63,803.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $63,803.00
Personal Property Taxes Paid: $134,485.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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