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CABARRUS COUNTY <br />A <br />* <br />REGULAR MEETING <br />NOVEMBER 21, 2016 <br />1 <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />Economic Development Investment - Project Linder - Public Hearing 6:30 <br />P.M. <br />BRIEF SUMMARY: <br />Representatives from the Cabarrus Economic Development Corporation <br />(EDC) will present a request for an economic development investment <br />agreement for Project Linder pursuant to NC General Statute 158.7.1. <br />Project Linder proposes to construct a 39,000 square foot facility mixed <br />with Class A office space in Cabarrus County, with a projected investment <br />of approximately $7.6 million in real and personal property. <br />Project Linder anticipates located their regional headquarters in this <br />facility and estimates the creation of 75 new jobs with a $73,246.23 <br />average annual wage. The County is requested to partner with the City of <br />Kannapolis in offering an incentive of $500 per new job created. <br />REQUESTED ACTION: <br />Hold a public hearing. <br />Motion to approve an economic development investment agreement <br />($500 per new job created) between Project Linder and Cabarrus County, <br />and to authorize the County Manager to execute the Agreement on behalf <br />of the Board, subject to review or revision by the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />G -3 Page 212 <br />