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Tax Incentives
DON JOSEPH INC
Agreement #
08-001
CRA #
133-39872-01
Agreement Information
Community:
KENT
ODOD Status:
Active
County:
PORTAGE
Agrmt Date:
5/21/2008
Local School District:
KENT CITY SD
Amend. Date:
Expiration Date:
12/31/2021
School Comp Agreement:
Yes
Revenue Sharing:
No
SIC Code:
5511
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$0.00
$4,500,000.00
$4,500,000.00
Exemptions
$0.00
$4,500,000.00
$4,500,000.00
Real Property Tax Incentives
Percentage
75
%
Term
12
years
Personal Property
M & E
F & F
Inventory
Total
Investments
$200,000.00
$200,000.00
$7,500,000.00
$7,900,000.00
Employment
Job and Payroll Commitments
Number
Payroll
Retained
52
$1,042,000.00
Fulltime Permanent
15
$525,000.00
Fulltime Temporary
0
$0.00
Parttime Permanent
4
$18,000.00
Parttime Temporary
0
$0.00
Job Creation Period:
36
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
55
Cumulative Taxes
Jobs Created:
3
Real Property Taxes Paid:
$524,370.52
Jobs Retained:
52
Real Property Taxes Forgone:
$198,813.44
Total FTE in Ohio:
Personal Property Taxes Paid:
$0.00
New Payroll:
$172,980.00
Personal Prop. Taxes Forgone:
Project Investment
Real Property:
$3,242,860.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
3/13/2018
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$55,769.80
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$21,572.61
Personal Property Taxes Paid:
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:
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