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<br />INCENTIVE ANAL YSIS OVERVIEW {estimated} <br />(Under Guidelines effective .JanUllry 1, 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 />Current operations in Cabarrus County................................Yes <br /> <br />Current Employment........... ............ ................... ............. ..80 <br /> <br />Proposed new or additional Cabarrus facility <br /> <br />Proposed Location..................Intemational Business Park <br /> <br />Additional Square Feet.......... ........................... .32,130sf <br /> <br />Investment <br />Real Estate............. .......... .$2,750,000 <br />Equipment........... ..... ...... ...$3.150.000 <br />Total Investment.. ..... ...... ....$5,900,000 <br /> <br /># of new full time jobs............................ 20 <br /> <br />Concord Incentive Levell Grant @ 650/0...........................$55,955.25 <br />Cabarrus Incentive Levell Grant @ 65%............................$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 />