Business  |  Tax Incentives


NEW ALBANY DEVELOPMENT COMPANY Agreement #99-001 
CRA # 049-02915-02


Agreement Information
Community: NEW ALBANY      ODOD Status: Active
County: FRANKLIN      Agrmt Date: 5/24/1999
Local School District: NEW ALBANY PLAIN LOCAL      Amend. Date:
     Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $100,000,000.00 $100,000,000.00
Exemptions $0.00 $100,000,000.00 $100,000,000.00
 

Real Property Tax Incentives

Percentage  100 %  
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 0 $0.00
Fulltime Permanent 3000 $100,000,000.00
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: Active
Total full time equivalents at Site: 304      Cumulative Taxes
Jobs Created: 5 Real Property Taxes Paid: $3,935,627.00
Jobs Retained: 299 Real Property Taxes Forgone: $9,191,711.00
Total FTE in Ohio: Personal Property Taxes Paid: $287,906.00
New Payroll: $2,484,249.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $38,991,200.00 Other Tax Incentives: $0.00
Personal Property: $7,819,862.00 TIRC Date: 8/29/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $274,001.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $823,650.00
Personal Property Taxes Paid: $53,670.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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