Business  |  Tax Incentives

Royal Cleaners LTD Agreement #15-100 
CRA # 133-39872-01

Agreement Information
Community:      ODOD Status: Active
County: Portage      Agrmt Date: 4/1/2015
Local School District: Kent City SD      Amend. Date:
     Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $25,000.00 $275,000.00
Exemptions $25,000.00 $275,000.00 $300,000.00

Real Property Tax Incentives

Percentage  50 %  
Term 7 years  
Personal Property
M & E F & F Inventory Total


Job and Payroll Commitments
Number Payroll
Retained 2
Fulltime Permanent 3
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months


Agreement Status is: Active
Total full time equivalents at Site: 5      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $11,563.64
Jobs Retained: 4 Real Property Taxes Forgone: $3,287.07
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $80,000.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $394,853.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/13/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $5,728.16 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $1,627.91
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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