Business  |  Tax Incentives


ECS Tuning, Inc. Agreement #13-001 
CRA # 103-04445-01


Agreement Information
Community: WADSWORTH      ODOD Status: Active
County: MEDINA      Agrmt Date: 7/2/2013
Local School District: WADSWORTH CITY SD      Amend. Date:
     Expiration Date: 12/31/2024
School Comp Agreement: Yes      Revenue Sharing: Yes
  SIC Code: 3363

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $4,105,000.00 $4,105,000.00
Exemptions $0.00 $2,668,250.00 $2,668,250.00
 

Real Property Tax Incentives

Percentage  7 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $1,840,000.00 $30,000.00 $0.00 $1,870,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 110 $3,600,000.00
Fulltime Permanent 105 $3,434,580.00
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: 217      Cumulative Taxes
Jobs Created: 59 Real Property Taxes Paid: $38,898.96
Jobs Retained: 158 Real Property Taxes Forgone: $88,175.96
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $3,413,368.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $7,880,961.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/6/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $36,811.66 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $84,299.80
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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