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C wo <br />I A <br />CABARRUS <br />ECONOMIC DEVELOPMENT <br />PROJECT EARHART OVERVIEW (estimated) <br />Company's legal name <br />Company representative: <br />F1yRight Holdings Inc. <br />Matt Hapgood <br />Contact information: Address: 7275 West Winds Blvd., Concord, NC 28027 <br />Phone: 704 - 720 -9623 x - 111 <br />Email: mhapgood@flyrightinc.com <br />State of incorporation: NC <br />Nature of business: Pilot Training- simulator based <br />Current operations: Cabarrus County <br />Current Employment: <br />Existing FT jobs: 22 <br />Average wages: $ 61,342 on annual salary basis, though a some are hourly <br />Benefits offered: full health, sick, vacation, education assistance, etc. <br />Proposed new or additional Cabarrus facility - <br />Proposed location: Aviation Blvd. (Silverman's 108,000 s.£ building) <br />Additional sq.ft,: 26,000 square feet of main floor. Would up -fit to include a second floor for a <br />total of 40,000 square feet of floor space. <br />Project description: Growth of business with additional simulator equipment and office /classroom <br />space <br />Investment: (Net new creation on the tax records. Keep in mind any depreciation of your <br />existing equipment. Project the investment you plan to make over 3 years.) <br />Real estate: $ (Up -fits that are not applicable for incentives $2.5M) <br />Equipment: $ $2,500,000 million ($2M in equipment $500K in up -fits specifically related to <br />the equipment). <br />Total investment: $5 million <br />Total investment <br />eligible for incentives: $2.5 million <br />New full time jobs: 10 <br />Average wages: $60,000 <br />Benefits offered: Yes. Same as above <br />Cabarrus Economic Development 3003 Dale Earnhardt Boulevard, Kannapolis, NC 28083 USA <br />704.782.4000 1 CabarrusEDC.com I FaceBoe fom /CabarrusEDC I Twitter.com /CabarrusEDC <br />I%t NATMXAL PCONOMIC <br />OINLLOPMkNT COUNCIL <br />PIEI <br />