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CABARRUS <br /> ECONOMIC DEVELOPMENT <br /> Project G2 <br /> (Revised 2/3/2017) <br /> Existing Cabarrus County Manufacturer in Energy Industry. <br /> Investment in Personal Property: $251,500,000 <br /> Phase 1&2 Taxable Investment: $ 77,400,000 <br /> Phase 3 Taxable Investment: 148,950,000 <br /> Total Taxable Investment: $226,350,000 <br /> Current Jobs: 215 <br /> New Jobs: <br /> Phase 1&2 164 <br /> Phase 3 38 <br /> Total New Jobs: 202 <br /> Average Wages: $62,486 yr., ($1,201.65 wk/$30.04 Hr.) With benefits. <br /> (Cabarrus County's average wages $37,808 yr./$18.17 hr.) <br /> Recommendations: 2 Grants: <br /> Phase 1&2 <br /> 5 years & 85% Hybrid (a gradual reduction in %for years 4& 5) <br /> Phase 3 <br /> 5 years & 85% Hybrid (a gradual reduction in %for years 4 & 5) <br /> G-1 Page 231 <br />