Business  |  Tax Incentives


LUR, Inc. & Richter & Associates, Inc. Agreement #16-000 
CRA # 153-04310-01


Agreement Information
Community: TWINSBURG      ODOD Status: Active
County: Summit      Agrmt Date: 6/30/2010
Local School District: Twinsburg City Schools      Amend. Date:
     Expiration Date: 7/1/2021
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $2,500,000.00
Exemptions $2,500,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments

Employment

Job and Payroll Commitments
Number Payroll
Retained 21 $900,000.00
Fulltime Permanent 6 $450,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 53      Cumulative Taxes
Jobs Created: 32 Real Property Taxes Paid: $63,147.00
Jobs Retained: 21 Real Property Taxes Forgone: $50,132.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,171,405.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $439,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/21/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $13,337.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $11,042.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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