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Tax Incentives
ARIEL CORPORATION
Agreement #
039-05-02
Zone
039
Agreement Information
Community:
MOUNT VERNON
ODOD Status:
Active
County:
KNOX
Agrmt Date:
3/31/2005
Local School District:
Amend. Date:
Nature of Business:
MANUFACTURING
Expiration Date:
12/31/2020
School Comp Agreement:
Yes
Revenue Sharing:
No
Estimated Annual School Compensation
45892.0000
SIC Code:
3350
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$50,000.00
$2,000,000.00
$2,050,000.00
Exemptions
$50,000.00
$2,000,000.00
$2,050,000.00
Personal Property
M & E
F & F
Inventory
Total
Investments
$10,000,000.00
$0.00
$500,000.00
$10,500,000.00
Exemptions
$10,000,000.00
$0.00
$500,000.00
$10,000,000.00
Incentives
Variable Rate
Rate
Term
Real
No
$100.00
%
15
yrs
Personal
No
$100.00
%
15
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:
514
Number
Payroll
Employment in Ohio:
514
Retained
444
$37,300,000.00
Fulltime Permanent
40
$1,800,000.00
Fulltime Temporary
10
$350,000.00
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:
935
Cumulative Taxes
Jobs Created:
50
Real Property Taxes Paid:
$2,138,418.57
Jobs Retained:
514
Real Property Taxes Forgone:
$89,649.33
Total FTE in Ohio:
$1,452.00
Personal Property Taxes Paid:
$0.00
New Payroll:
$2,978,500.00
Personal Prop. Taxes Forgone:
$0.00
Project Investment
Local Corp Income Taxes Paid:
$0.00
Real Property:
$383,830.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
7/25/2017
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$178,564.00
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$7,486.00
Personal Property Taxes Paid:
$0.00
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
$0.00
Local Corp Income Taxes Paid:
$0.00
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