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May 29, 2014 (Recessed Meeting)
<br />Page 2053
<br />The following representatives for the Cabarrus County Economic
<br />Development Corporation were present: Patrick Coughlin, President /CEO
<br />Cabarrus Regional Chamber of Commerce; Margie Bukowski, Senior Vice President
<br />of Economic Development; and Samantha Grass, Project Manager.
<br />Patrick Coughlin, President /CEO EDC presented a PowerPoint presentation
<br />overview of the EDC's FY 2015 budget request. The presentation included the
<br />following information:
<br />• Request for Information (RFI) Stats
<br />• RFI Projects by Type
<br />• RFI Projects by Source
<br />• North Carolina Department of Commerce Announced Job Creation 2013
<br />• RFI International Projects
<br />• RFI Current Active Projects
<br />• Examples of Projects - Ventus and Philip Morris
<br />• EDC Team Serves On
<br />• Tradeshows /Conventions /Missions
<br />• Key National Site Selection Partners
<br />• Charlotte Area Broker Partners
<br />• Infrastructure and Utility Partners
<br />• EDC Expansion /New Project Investment
<br />• Other Project Investments
<br />• Investments in Surrounding Counties
<br />• Budget Information
<br />EDC Expansion /New Project Investment.
<br />2012 - Present
<br />Other Project Investments*
<br />2012 and 2013
<br />Company:
<br />Investment
<br />Announced:
<br />Jobs.
<br />Announced:
<br />Grant Received:
<br />1
<br />Corning
<br />$119,000,000
<br />70
<br />Cabarrus County
<br />2
<br />S &D Coffee and Tea
<br />$41,000,000
<br />200 (added
<br />115 since
<br />Dec.13)
<br />Cabarrus County,
<br />City of Concord
<br />3
<br />Simon /Merlin Seal Life Aquarium
<br />10,000,000
<br />30
<br />Cabarrus County,
<br />City of Concord
<br />4
<br />Hendrick Auto Group
<br />55,000,000
<br />45
<br />No Grant Received
<br />5
<br />DataChambers
<br />8,000,000
<br />20
<br />No Grant Received
<br />6
<br />Windshear
<br />5,000,000
<br />7
<br />City of Concord
<br />7
<br />Oiles America
<br />6,000,000
<br />30
<br />No Grant Received
<br />8
<br />Concord Airport Business Park
<br />Spec Building
<br />22,000,000
<br />City of Concord
<br />9
<br />Galvan Industries
<br />1,800,000
<br />15
<br />Town of Harrisburg
<br />10
<br />International Crossing Speck
<br />Building
<br />12,000,000
<br />City of Concord
<br />11
<br />Afton Business Park Spec Building
<br />16,000,000
<br />City of Kannapolis
<br />12
<br />Lionel Racing (model trains)
<br />No Grant Received
<br />13
<br />Formula One Team (Stewart -Hass
<br />Racing)
<br />No Grant Received
<br />Total EDC Projects:
<br />$295,800,000
<br />372
<br />Other Project Investments*
<br />2012 and 2013
<br />2012 and 2013 Total (21 Projects) 1 $404,350,000 1 602
<br />Investments in Surrounding Counties*
<br />2012 and 2013
<br />County:
<br />Company:
<br />Investment Announced:
<br />Jobs Announced:
<br />1
<br />Bonded Logistics
<br />$404,350,000
<br />20
<br />2
<br />Carolinas Rehabilitation- Northeast
<br />$26,400,000
<br />90
<br />3
<br />CMC- Kannapolis Emergency Clinic
<br />17,000,000
<br />75
<br />4
<br />Cabarrus Health Alliance
<br />15,000,000
<br />5
<br />CMC Harrisburg Medical Pavilion
<br />20,200,000
<br />45
<br />6
<br />Carpenter Mustang LLC
<br />1,450,000
<br />7
<br />Lean Sigma Professionals
<br />500,000
<br />8
<br />Kannapolis Government Center & Police HQ
<br />28,000,000
<br />Total Other Projects:
<br />$108,550,000
<br />230
<br />2012 and 2013 Total (21 Projects) 1 $404,350,000 1 602
<br />Investments in Surrounding Counties*
<br />2012 and 2013
<br />County:
<br /># of Projects
<br />Total:
<br />Investment Announced
<br />Total:
<br />Jobs Announced
<br />Total:
<br />Cabarrus
<br />21
<br />$404,350,000
<br />602
<br />Cleveland
<br />32
<br />$1,123,320,236
<br />1,606
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