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Tax Incentives
Ambaflex Manufacturing, Inc.
Agreement #
038-13-01
Zone
038
Agreement Information
Community:
Canton
ODOD Status:
Active
County:
Stark
Agrmt Date:
1/1/2013
Local School District:
Canton Local SD
Amend. Date:
Nature of Business:
Expiration Date:
12/31/2023
School Comp Agreement:
No
Revenue Sharing:
No
Estimated Annual School Compensation
SIC Code:
333922
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$1,250,000.00
Exemptions
$1,250,000.00
Personal Property
M & E
F & F
Inventory
Total
Investments
$200,000.00
$20,000.00
Exemptions
$200,000.00
$2,000.00
$202,000.00
Incentives
Variable Rate
Rate
Term
Real
No
$0.00
%
yrs
Personal
No
$0.00
%
yrs
Relocations
From Out of State:
No
State:
Jobs:
0
In State:
No
Community:
Jobs:
0
Waiver Issued by ODOD:
None
Employment
Existing Employment
Job and Payroll Commitments
Employment at site:
Number
Payroll
Employment in Ohio:
Retained
$655,000.00
Fulltime Permanent
13
$430,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period:
5
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
42
Cumulative Taxes
Jobs Created:
19
Real Property Taxes Paid:
$83,031.78
Jobs Retained:
23
Real Property Taxes Forgone:
$9,591.70
Total FTE in Ohio:
$42.00
Personal Property Taxes Paid:
$0.00
New Payroll:
$787,209.70
Personal Prop. Taxes Forgone:
$0.00
Project Investment
Local Corp Income Taxes Paid:
Real Property:
$2,000,000.00
Other Tax Incentives:
$0.00
Personal Property:
$1,300,000.00
TIRC Date:
3/20/2017
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$39,324.78
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$4,835.70
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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