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<br />INCENTIVE ANAL YSIS OVERVIEW festimatMlJ. <br />(Under Guidelines effective JanUllry J, 2004) <br /> <br />Company's Legal Name..............................Oiles America Corporation <br /> <br />Representative................ .............. ..................... Branson Jones, Consultant <br /> <br />State of Incorporation............. ........................... ....... .Michigan <br /> <br />Nature of Business .................................Manufacturer of self lubricating bearings <br /> <br />Current operations in Cabarrus COunty................................Yes <br /> <br />Current Employment.......... ....... ................. ............. ......... .80 <br /> <br />Proposed new or additional Cabarrus facility <br />proposed Location..................Intemational Business Park <br />Additional Square Feet.......... ................... .........32,130sf <br /> <br />Investment <br />Real Estate..... ................. ..$2,750,000 <br />Equipment........................ .$3 .150.000 <br />Total Investment.................$5,900,OOO <br /> <br /># of new full time jobs............................ 20 <br /> <br />Concord Incentive Levell Grant @ 65%...........................$55,955.25 <br />Cabarrus Incentive Levell Grant @ 650/0............................$69.633.20 <br />Total Incentive.... ............. ........... .... ............ ............... ......... .$125,588.45 <br /> <br />Net to City. ............. ....................... .... ............... .......... ..$61,203.60 <br />Net to County........... ......................................... .......... ..$76.164.48 <br />Total Net Tax Revenues........................................... .....$137,368.08 <br /> <br />G-- \ <br />