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AG 2004 05 31 RECESSED
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AG 2004 05 31 RECESSED
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Last modified
3/9/2006 9:19:38 PM
Creation date
11/27/2017 11:38:08 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
5/31/2004
Board
Board of Commissioners
Meeting Type
Regular
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INCENTIVE ANAL Y$I$ OVERVIEW (estimated) <br /> {Under Guidelines effective January 1, 2004) <br /> <br />Company's Legal Name .............................. Oiles America Corporation <br /> <br />Representative ................................................... Branson .]ones, Consultant <br /> <br />State of Incorporation ................................................ Michigan <br />Nature of Business .................... '. ............ Manufacturer of self lubricating bearings <br /> <br />Current operations in Cabarrus County ................................ Yes <br />Current Employment ......................................................... 80 <br /> <br />Proposed new or additional Cabarrus facility <br /> <br /> Proposed Location .................. International 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 ................. $5,900,000 <br /> <br /> # of new full time jobs ............................ 20 <br /> <br />Concord Incentive Level 1 Grant @ 65% ........................... $55,955.25 <br />Cabarrus Incentive Level 1 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 /> <br />
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