Business  |  Tax Incentives


BEN VENUE LABORATORIES Agreement #01-001 
CRA # 035-00295-01


Agreement Information
Community: BEDFORD      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 9/10/2001
Local School District: BEDFORD CSD      Amend. Date:
     Expiration Date: 12/31/2016
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code: 2834

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $25,000,000.00 $25,000,000.00
Exemptions $0.00 $25,000,000.00 $25,000,000.00
 

Real Property Tax Incentives

Percentage  84 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $44,000,000.00 $1,000,000.00 $14,500,000.00 $59,500,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 691 $26,766,804.00
Fulltime Permanent 300 $9,000,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 60 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1128      Cumulative Taxes
Jobs Created: 300 Real Property Taxes Paid: $7,490,943.75
Jobs Retained: 691 Real Property Taxes Forgone: $9,596,829.63
Total FTE in Ohio: Personal Property Taxes Paid: $15,398,212.00
New Payroll: $14,793,300.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $31,882,732.00 Other Tax Incentives: $0.00
Personal Property: $40,423,912.00 TIRC Date: 8/13/2013
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $809,895.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $1,810,437.00
Personal Property Taxes Paid: $1,293,292.00 Annual Report Year: 2013
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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