Business  |  Tax Incentives


Matalco Agreement #14-100 
CRA # 155-02287-01


Agreement Information
Community: LORDSTOWN      ODOD Status: Active
County: Trumbull      Agrmt Date: 12/16/2014
Local School District: Lordstown SD      Amend. Date:
     Expiration Date: 12/31/2029
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $15,000,000.00
Exemptions $15,000,000.00
 

Real Property Tax Incentives

Percentage  75 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $50,000,000.00 $5,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained
Fulltime Permanent 70 $4,000,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 10      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $0.00
Jobs Retained: 10 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $346,838.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $72,022,572.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/14/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $3,094.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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