Business  |  Tax Incentives


Paris Cleaners
Agreement #177-14-100
Zone 177

Agreement Information
Community: Ravenna      ODOD Status: Active
County: Portage      Agrmt Date: 12/18/2014
Local School District: Ravenna City SD      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2025
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property
Acquisition Improvements New Construction Total
Investments $2,620,000.00
Exemptions $2,620,000.00
 

Personal Property
M & E F & F Inventory Total
Investments $4,500,000.00
Exemptions $4,500,000.00
 

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 201 $5,900,000.00
     Fulltime Permanent 70 $2,094,915.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: months
 

Performance/Compliance
 
Agreement Status is: Active
Total full time equivalents at Site: 266      Cumulative Taxes
Jobs Created: 65 Real Property Taxes Paid: $48,599.00
Jobs Retained: 201 Real Property Taxes Forgone: $10,611.00
Total FTE in Ohio: $266.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,408,784.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,321,782.00 Other Tax Incentives: $0.00
Personal Property: $4,465,897.00 TIRC Date: 3/19/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $48,599.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $10,611.00
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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