Business  |  Tax Incentives


FOSTORIA ETHANOL, LLC, DBA POET BIOREFINING - FOSTORIA Agreement #07-001 
CRA # 063-28014-01


Agreement Information
Community: FOSTORIA      ODOD Status: Active
County: Seneca      Agrmt Date: 8/1/2007
Local School District:      Amend. Date:
     Expiration Date: 12/31/2025
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 2869

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $45,049,145.00 $45,049,145.00
Exemptions $0.00 $45,949,145.00 $45,949,145.00
 

Real Property Tax Incentives

Percentage  90 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $70,949,557.00 $150,000.00 $0.00 $71,099,557.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 41 $1,700,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 48 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 42      Cumulative Taxes
Jobs Created: 42 Real Property Taxes Paid: $223,847.69
Jobs Retained: 0 Real Property Taxes Forgone: $493,108.37
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $2,536,253.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $46,021,820.00 Other Tax Incentives: $84,139.30
Personal Property: $68,555,611.00 TIRC Date: 3/7/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $34,315.62 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

Back to Search Page