Business  |  Tax Incentives


Penske Automotive Group Agreement #11-002 
CRA # 035-00295-01


Agreement Information
Community: BEDFORD      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 9/20/2011
Local School District:      Amend. Date:
     Expiration Date: 12/31/2027
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 5500

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $3,200,000.00 $0.00 $3,200,000.00
Exemptions $2,240,000.00 $0.00 $2,240,000.00
 

Real Property Tax Incentives

Percentage  70 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 40 $0.00
Fulltime Permanent 10 $0.00
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: 73      Cumulative Taxes
Jobs Created: 33 Real Property Taxes Paid: $564,551.87
Jobs Retained: 40 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $655,628.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $14,407,758.73 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/5/2015
Previous Year Taxes TIRC Recommendation: OTHER
Real Property Taxes Paid: $91,002.96 Local Gov't. Action/Status: OTHER
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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