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INCENTIVE ANALYSIS OVERVIEW (estimated) <br /> (Under Guidelines in place before January 1, 2004) <br /> <br />Company's Legal Name ............................. Prairie Packaging, Inc. <br /> Bedford Park, II <br /> <br />Representative ....................... Ben Shapiro, VP Strategic Planning <br /> bshapiro@prairiepack.com <br /> <br />State of Incorporation ................................................... Delaware <br /> <br />Nature of Business ................................... Mfg. Plastic Consumer <br /> Products <br /> <br />Current operations in Cabarrus County ................................ None <br />Current Employment ......................................................... None <br />Proposed new or additional Cabarrus facility <br /> <br /> Proposed Location ..................... Off Hwy 49, Harrisburg <br /> Additional Square Feet ...................................... 200,000 <br /> <br /> Investment <br /> Real Estate ........................ $ 7,000,000 <br /> Equipment ......................... $18,000,000 <br /> Total Investment ................. $25,000,000 <br /> <br /> # of new full time jobs ...................... 60 @ $16.00 Average <br /> Total full time annual payroll ........................... $1,996,800 <br /> <br /> # of new contract labor jobs ............... 24 @ $9.00 Average <br /> Total contract labor annual payroll ..................... $449,280 <br /> <br /> Total new payroll ............................................ $2,446,080 <br /> <br />Harrisburg Incentive Level 1 Grant @ 75% ........................ $ 83,437.82 <br />Cabarrus Incentive Level 1 Grant @ 75% ............................ $346,112.43 <br />Total Incentive .............................................................. $429,550.25 <br /> <br />Net to City .................................................................... $ 85,312.18 <br />Net to County ............................................................... $353,887.57 <br />Total Net Tax Revenues ................................................. $439,199.75 <br /> <br /> <br />