Business  |  Tax Incentives


Progressive Interchange Real Estate, LLC Agreement #09-001 
CRA # 035-80990-02


Agreement Information
Community: WARRENSVILLE HEIGHTS      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 1/20/2009
Local School District: WARRENSVILLE HEIGHTS CITY SD      Amend. Date:
     Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 623000

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $8,700,000.00 $8,700,000.00
Exemptions $0.00 $4,350,000.00 $4,350,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $300,000.00 $700,000.00 $0.00 $1,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 70 $4,505,000.00
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: 96      Cumulative Taxes
Jobs Created: 96 Real Property Taxes Paid: $459,504.00
Jobs Retained: 0 Real Property Taxes Forgone: $3,637,779.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $3,205,761.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $8,700,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 7/23/2013
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $151,496.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $123,701.00
Personal Property Taxes Paid: Annual Report Year: 2013
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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