Business  |  Tax Incentives


First Ashtabula Mining company & Ashtabula City Port Authority Agreement #12-001 
CRA # 007-02638-01


Agreement Information
Community: ASHTABULA      ODOD Status: Active
County: Ashtabula      Agrmt Date: 3/1/2012
Local School District:      Amend. Date:
     Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,800,000.00 $2,800,000.00
Exemptions $0.00 $1,400,000.00 $1,400,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 7 years  
 
Personal Property
M & E F & F Inventory Total
Investments $300,000.00 $0.00 $200,000.00 $500,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 72 $0.00
Fulltime Permanent 30 $920,000.00
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: 91      Cumulative Taxes
Jobs Created: 19 Real Property Taxes Paid: $79,484.00
Jobs Retained: 72 Real Property Taxes Forgone: $43,241.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $2,800,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/15/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $40,054.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $31,700.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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