Health & Beauty Products Distribution Center- Incentives Case Study

Incentives Negotiated On a Local Level

• Locals stepped up to off-set the state’s role (county, port authority, city)
• Capped fees and permits
• Arranged meetings, organized resources, secured funds
• Reduced land price – 80 acres at $2,500/acre
• Real property tax abatement of 100% for 10 years.
• Accelerated building plan review and permitting process
• Utilities and roadways extended to the property at no cost to client.
• Employment services – interviewing, background checks, drug screening
• Boundary survey of 80 acre parcel
• Complete civil engineering package to include:
  • Site plan
  • Storm water detention design
  • Grading plan and all site improvement documents
  • Site dimension plan
  • Utility plan to be coordinated with building designer
  • Soil erosion control plan
  • Earthwork calculations to be coordinated with the building engineer

On a State Level

There was limited involvement by the state on this project. State incentives included:

• Ohio Job Creation Tax Credit- $800,415
• Machinery & Equipment Sales Tax Elimination- $4,550,000
• Ohio Investment in Training Program Grant- $200,250
• Tangible Personal Property Tax Elimination- $499,281
• Roadwork Development (629) Account Grant- $500,000
• 166 Direct Loan- TBD
• Ohio Enterprise Bond Fund- TBD
• Total Value of Estimated State Incentives– $6,549,946

Austin Services Provided

• Labor Analysis
• Community and Property Selection
• Due Diligence
• Incentives Negotiation