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INCENTIVE ANAL Y$I$ OVERVIE~f (estimated) <br /> (Under Guidelines effective January l, 2004) <br /> <br />Company's Legal Name .............................. Hendrick Hotorsports <br /> <br />Representative ................................................... Scott Lampe <br /> <br />State of Incorporation ................................................ North Carolina <br />Nature of Business ................................. Auto Racing <br />Current operations in Cabarrus County ................................ Yes <br />Current Employment ......................................................... 400 <br /> <br />Proposed new or additional Cabarrus facility <br /> <br /> Proposed Location .................. Speedway BIvd <br /> <br />Investment, <br /> Real Estate ........................ $11,000,000 <br /> Equipment ......................... $ 800,000 (estimate) <br /> Total Investment ................. $11,800,000 <br /> <br /># of new full time jobs .................. 8 @ average $50,000/year. <br /> <br />Concord Incentive Level 1 Grant @ 65% ........................... $135,041.36 <br />Cabarrus Incentive Level I Grant @ 65% ............................ $168,051.52 <br />Total Incentive ...................................................................... $303,092.88 <br /> <br />Net to City .................................................................... $127,200.96 <br />Net to County ............................................................... $158,294.53 <br />Total Net Tax Revenues ................................................ $285,495.49 <br /> <br /> <br />