Business  |  Tax Incentives


Nordson Corporation Agreement #09-001 
CRA # 035-04595-01


Agreement Information
Community: WESTLAKE      ODOD Status: Terminate
County: Cuyahoga      Agrmt Date: 12/31/2009
Local School District:      Amend. Date:
     Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $300,000.00 $0.00 $3,500,000.00 $3,800,000.00
Exemptions $0.00 $1,750,000.00 $1,750,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $1,000,000.00 $0.00 $1,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 50 $5,000,000.00
Fulltime Permanent 0 $0.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months

Performance/Compliance

 
Agreement Status is: Terminate
Total full time equivalents at Site: 57      Cumulative Taxes
Jobs Created: 3 Real Property Taxes Paid: $320,208.10
Jobs Retained: 45 Real Property Taxes Forgone: $215,338.35
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $88,710.71 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $4,157,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/2/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $62,391.38 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $45,705.40
Personal Property Taxes Paid: Annual Report Year: 2016
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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