Business Services |
Tax Incentives
Sonoco Products Company (Sonoco Plastics, Inc.)
Agreement #
11-004
CRA #
049-53970-01
Agreement Information
Community:
New Albany
ODOD Status:
Active
County:
LICKING
Agrmt Date:
8/23/2011
Local School District:
JOHNSTOWN-MONROE LOCAL SD
Amend. Date:
Expiration Date:
12/31/2023
School Comp Agreement:
Yes
Revenue Sharing:
No
SIC Code:
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$0.00
$15,000,000.00
$15,000,000.00
Exemptions
$0.00
$15,000,000.00
$15,000,000.00
Real Property Tax Incentives
Percentage
100
%
Term
10
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
60
$2,100,000.00
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:
96
Cumulative Taxes
Jobs Created:
96
Real Property Taxes Paid:
$107,491.80
Jobs Retained:
0
Real Property Taxes Forgone:
$630,433.07
Total FTE in Ohio:
Personal Property Taxes Paid:
$0.00
New Payroll:
$3,941,347.52
Personal Prop. Taxes Forgone:
Project Investment
Real Property:
$8,878,845.00
Other Tax Incentives:
$0.00
Personal Property:
$10,252,000.00
TIRC Date:
8/29/2017
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$24,005.96
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$127,134.88
Personal Property Taxes Paid:
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:
Back to Search Page
