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106 <br />November 16, 2015 <br />Project Flint <br />Potential Expansion <br />• To modernize manufacturing equipment with new technology to match <br />equipment installed by competing manufacturers <br />• Considering facilities in Sanford, another community in NC and Alabama <br />• Total investment in machinery and real estate improvement is $28M <br />• Expansion is in two phases, machinery in phase one and construction in <br />phase two <br />• Machinery will be purchased in 2015, installed in 2016 <br />• Construction will begin in 2016 and completed within the calendar year <br />• Completed project will add 15 jobs, average annual wage $31,200 <br />• Company pays a portion of employee health coverage <br />• No major safety or environmental citations <br />Assistance requested <br />• No Community College Training proposed at this time, but company is <br />pursuing an apprenticeship program <br />• No 1DIG funds because of small number of jobs <br />• No One NC Grant because of the wage rate <br />• Local incentive grant from City and County <br />• Personal Property Asset transfer to company <br />SAGA Economic Development Committee has reviewed and recommends the <br />incentive investment for this project. <br />