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Tax Incentives
Shearer's Foods, Inc.
Agreement #
035-08-02
Zone
035
Agreement Information
Community:
MASSILLON
ODOD Status:
Active
County:
STARK
Agrmt Date:
10/8/2008
Local School District:
Amend. Date:
Nature of Business:
Commercial
Expiration Date:
12/31/2017
School Comp Agreement:
No
Revenue Sharing:
No
Estimated Annual School Compensation
SIC Code:
311900
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$0.00
$18,000,000.00
$18,000,000.00
Exemptions
$0.00
$13,500,000.00
$13,500,000.00
Personal Property
M & E
F & F
Inventory
Total
Investments
$35,000,000.00
$0.00
$0.00
$35,000,000.00
Exemptions
$0.00
$0.00
$0.00
$0.00
Incentives
Variable Rate
Rate
Term
Real
No
$75.00
%
10
yrs
Personal
No
$0.00
%
0
yrs
Relocations
From Out of State:
No
State:
Jobs:
In State:
No
Community:
Jobs:
Waiver Issued by ODOD:
None
Employment
Existing Employment
Job and Payroll Commitments
Employment at site:
82
Number
Payroll
Employment in Ohio:
82
Retained
82
$3,353,836.00
Fulltime Permanent
60
$2,189,000.00
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:
477
Cumulative Taxes
Jobs Created:
59
Real Property Taxes Paid:
$750,681.00
Jobs Retained:
49
Real Property Taxes Forgone:
$255,875.00
Total FTE in Ohio:
$1,187.00
Personal Property Taxes Paid:
$0.00
New Payroll:
$2,435,036.00
Personal Prop. Taxes Forgone:
$0.00
Project Investment
Local Corp Income Taxes Paid:
Real Property:
$9,287,446.00
Other Tax Incentives:
$0.00
Personal Property:
$15,111,985.00
TIRC Date:
3/21/2018
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$123,392.00
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$44,086.00
Personal Property Taxes Paid:
$0.00
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
$0.00
Local Corp Income Taxes Paid:
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