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AG 2015 12 14
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AG 2015 12 14
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Last modified
12/15/2015 4:02:00 PM
Creation date
11/27/2017 10:40:27 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/14/2015
Board
Board of Commissioners
Meeting Type
Regular
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-"O <br />CABARRUS <br />ECONOMIC DEVLLOPMEN'I <br />PROJECT OVERVIEW (estimated) <br />Company's Legal Name: FedEx Ground Package System, Inc. <br />Company Representative: Debbie Dillinger, Tax Advisor — FedEx Services <br />Contact Information: <br />Address: 1000 FedEx Drive, Moon Township, PA 15108 <br />Phone: 412- 859 -5089 <br />Email: Debbie.dillinger(a).fedex.com <br />Nature of Business: Package delivery <br />Current operations in Cabarrus County: FedEx Smartpost facility <br />Proposed new or additional Cabarrus facility - <br />Proposed Location: Fortune Ave NW, Concord NC 28027 <br />International Business Park, Lots 17,18,19 <br />Square Feet: 343,000 sq ft <br />Project Description: Project has been proposed to relieve capacity constraints at the <br />current Charlotte Hub /Local City and Home Delivery facilities and allow for anticipated <br />growth in the region. The company is considering many projects across the country and there is <br />a significant internal competition for capital within the company (both FedEx Ground & FedEx <br />Corporation). Accordingly FedEx Ground is required to evaluate projects largely based on <br />projected return -on- investment. <br />Construction would begin February 2016; In operation — August 2017 <br />Total Investment: $26,800,000 (personal property only) <br /># of new jobs: August 2017: 45 FT, 241 PT (includes transfers: Charlotte - 21 FT, 82 PT; Fort Mill <br />— 8 FT, 50 PT) <br />Within 5 years (2022): 55 FT; 309 PT <br />Average Wage: $26.40 — FT; $12.26 - PT <br />Benefits offered: Benefits offered day one for FT; benefits offered after 1,000 hours for PT <br />Attachment number 1 \n <br />s+raprnnorni. rro�rMie. <br />Cabarrus Economic Development 3003 Dale Earnhardt Boulevard, Kannapolis, NC 28083 USA <br />704.782.4000 1 CabarrusEDC.com I Face Bo om /CabarrusEDC I Twitter.com /CabarrusEDC ,4E <br />
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