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<br />INCENTIVE ANAL YSIS OVERVIEW (estimated] <br /> <br />Company's Legal Name..............................PreGel USAf Lares Real Estate USA <br /> <br />Representative... ...... ........ ..... ........ ..................... Marco Casol <br /> <br />State of Incorporation................................................ NC <br /> <br />Nature of Business ................................. Gelato Manufacturer <br /> <br />Current operations in Cabarrus County................................ None <br /> <br />Current Employment .........................................................None <br /> <br />Proposed new or additional Cabarrus facility <br /> <br />Proposed Location.................. International Business Park <br /> <br />Additional Square Feet......................................100,000 <br /> <br />Investment <br />Real Estate........................$ 7,600,000 <br />Equipment.........................$ 900,000 <br />Total Investment.................$ 8,500,000 <br /> <br /># of new full time jobs............................ 20 <br /> <br />Concord Taxes Paid (Years 1-4).......................................... $ 149,890.57 <br />Cabarrus Taxes Paid (Years 1-3)...........................................$ 145.120.50 <br />Total Taxes Paid ......................................................................$ 295,011.07 <br /> <br />Concord Incentive Levell Grant @ 65%...........................$ 94,655.94 <br />Cabarrus Industrial Grant @ 85%.................... ........$ 123,352.43 <br />Total Incentive............... .......... ........ ..... ........... ...... ........... ...$ 218,008.37 <br /> <br />Net to City (4 yrs)........................................................$ 55,234.63 <br />Net to County (3 yrs) ...................................................$ 21.768.08 <br />Total Net Tax Revenues............................................ ...$77,002.71 <br />