Business  |  Tax Incentives


PROGRESS INDUSTRIAL PROPERTIES, INC Agreement #99-002 
CRA # 103-00075-01


Agreement Information
Community: SHARON TOWNSHIP      ODOD Status: Active
County: Medina      Agrmt Date: 7/9/1999
Local School District:      Amend. Date:
     Expiration Date: 12/31/2015
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $270,000.00 $0.00 $1,815,000.00 $2,085,000.00
Exemptions $0.00 $1,815,000.00 $1,815,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 14 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 18 $450,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 30      Cumulative Taxes
Jobs Created: 30 Real Property Taxes Paid: $187,884.39
Jobs Retained: 30 Real Property Taxes Forgone: $187,884.39
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,582,213.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $2,085,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/8/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $16,639.46 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $16,640.54
Personal Property Taxes Paid: $300.59 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

Back to Search Page