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AG 2005 09 19
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AG 2005 09 19
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Last modified
3/3/2006 8:35:37 AM
Creation date
11/27/2017 11:36:16 AM
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Meeting Minutes
Doc Type
Minutes
Board
Board of Commissioners
Meeting Type
Regular
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<br />INCENTIVE ANALYSIS OVERVIEW {estimated} <br />(Under Guidelines effective January 1, 2004) <br /> <br />Company's Legal Name.......Cabarrus Plastics, Inc. <br /> <br />Representative... Ken Barbee <br /> <br />State of Incorporation......NC <br /> <br />Nature of Business ......Plastics - Injection Molding <br /> <br />Current operations ....................2845 Armentrout Drive, Concord, NC 2805 <br /> <br />Current Employment .............130 <br /> <br />Proposed new or additional Cabarrus facility <br /> <br />Proposed Location...Zion Church Road...DB 463 p.253 <br /> <br />Additional Square Feet...............42,000 <br /> <br />Investment <br />Real Estate........................$2,800.000 <br />Equi pment........................ .$7 .000.000 <br />Total Investment.................$9,800,000 <br /> <br /># of new full time jobs.......18 <br /> <br />Concord Incentive Levell Grant @ 65%...........................$84,325.15 <br />Cabarrus Incentive Levell Grant @ 65%.......................$123.546.15 <br />Total Incentive................................................................. .$207,871.30 <br /> <br />Net to City......... ..................... ............ .................. ........$67,348.75 <br />Net to County..... .................. ............. .................. ...... ...$98,673.75 <br />Total Net Tax Revenues.............................................$166,022.50 <br /> <br />G~I <br />
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