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CABARRUS <br /> ECONOMIC DEVELOPMENT <br /> PROJECT LASER OVERVIEW (estimated) <br /> Company's Legal Name: Classic Graphics (subsidiary of Imagine! Print Solutions) <br /> Project Overview: <br /> Commercial Printing/Branded Merchandise <br /> Classic Graphics has two NC locations — Charlotte and Raleigh. They want to expand their footprint in <br /> this region and are looking at the Charlotte and Concord areas. They are investing in their Charlotte <br /> (University area) location and looking to move their fulfillment operation and some light manufacturing <br /> to an offsite location. <br /> They are considering locations, including Concord, which will logistically support their current location <br /> in Mecklenburg County. Proximity to the current location and total cost of operations are key factors in <br /> the expanded location. <br /> New operation would begin Fall 2017. <br /> Proposed New or Additional Cabarrus facility: <br /> Proposed Location: Concord Airport Business Park, Phase III (1000 Derita Road, Concord 28027) <br /> Square Feet: 100,000 SF portion of 300,000 SF spec currently under construction <br /> Investment: $1,500,000 (personal property) <br /> New Job Creation: <br /> Number of New Full Time Jobs: 30; 20 transfers from Charlotte location <br /> Average Wage: $37,080 <br /> Grant Calculations: <br /> County: $1.5 M, 3 year grant term: $26,775 <br /> Concord: $1.5 M, 3 year grant term: $18,360 <br /> Combined: $1.5 M, 3 year grant term: $45,135 <br /> G-2 Page 160 <br />