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_ 1 <br /> Cabarr U s <br /> Economic Development <br /> PROJECT MIX OVERVIEW <br /> OVERVIEW: (EXPANSION) <br /> Project Mix involves the potential expansion of an existing food manufacturing process. <br /> Nature of Business: Manufacturing and distribution of specialty ingredients. <br /> Current Operations: Concord, NC <br /> Current Employment: 93 full-time employees with average wages above our County's average wages. <br /> New Job Creation: Due to the high automation and innovation of the new equipment, they prefer not to <br /> commit to additional jobs at this time. However, they do feel they will need to add <br /> jobs as they grow. (The current equipment takes 5 people per line.) <br /> New Investment: $14 MM over 4 Years <br /> $9 MM Real Property (110,000 s.f. that includes 10,000 s.f. freezer) <br /> $5 MM Personal Property (5 Manufacturing Lines) <br /> Competition: CA, TX, Mexico and Canada <br /> Location Decision: As soon as possible. <br /> Cabarrus Economic Development 3003 Dale Earnhardt Boulevard, Kannapolis, NC 28083 USA <br /> 704.782.4000 1 CabarrusEDC.com I FaceBook.com/CabarrelEDC I Twitter.com/CabarrusEDC <br />