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_ 1 <br /> Cabarr s <br /> Economic Development <br /> PROJECT SECURE OVERVIEW <br /> OVERVIEW: (EXPANSION) <br /> Project Secure involves the potential expansion of the Company's existing manufacturing process in Cabarrus. If <br /> they were to expand they would add 10 new jobs (operators and management) within 2 years and invest $13.5 <br /> MM in equipment. This project is competitive with another existing facility in a northern state. <br /> Nature of Business: Manufacturing <br /> Current Employment: 46 full-time employees <br /> New Job Creation: 10 over 2 years at wages that are above our County's average wage <br /> New Investment: $13.5MM Personal Property (M&E) <br /> Competitive: Yes <br /> TIMELINE: <br /> Location Decision: As soon as possible <br /> Capital Investment: In Production by 411 Qtr. 2018 <br /> I lYP\'.11t)\.1 t IMIt <br /> Cabarrus Economic Development 3003 Dale Earnhardt Boulevard, Kannapolis, NC 28083 USA <br /> 704.782.4000 1 CabarrusEDC.com I FaceBook.com/Cabarr DC I Twitter.com/CabarrusEDCi <br />