Business  |  Tax Incentives


Q-PANEL LAB PRODUCTS, HIGH OAKS LTD. Agreement #00-002 
CRA # 035-04595-01


Agreement Information
Community: WESTLAKE      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 7/27/2000
Local School District: WESTLAKE SCHOOL BOARD      Amend. Date:
     Expiration Date: 3/31/2015
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code: 2499

Real Property

Acquisition Improvements New Construction Total
Investments $700,000.00 $0.00 $2,700,000.00 $3,400,000.00
Exemptions $0.00 $2,484,000.00 $2,484,000.00
 

Real Property Tax Incentives

Percentage  92 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $824,914.00 $0.00 $0.00 $824,914.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 61 $2,600,000.00
Fulltime Permanent 10 $500,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 42 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 172      Cumulative Taxes
Jobs Created: 111 Real Property Taxes Paid: $1,051,726.60
Jobs Retained: 61 Real Property Taxes Forgone: $730,225.91
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $6,115,133.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $5,958,700.00 Other Tax Incentives: $0.00
Personal Property: $3,900,000.00 TIRC Date: 8/1/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $108,730.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $44,443.01
Personal Property Taxes Paid: $57,144.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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