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It should also be pointed out that most of Mebane's largest customers are <br />located in North Carolina. The pharmaceutical industry is rapidly becoming a <br />major force in the state, and Mebane Packaging Corporation is proud of its <br />affiliation with these progressive companies. This interaction with other <br />local companies helps create a positive synergistic effect on the North <br />Carolina economy and inevitably increases tax revenue for the state. Orange <br />County presently collects approximately $50,000 annually from Mebane Packaging <br />through property taxes. The proposed addition at Mebane would generate an <br />additional $20,000 for Orange County in property taxes. Mebane Packaging is <br />also a'supporter of local charitable organizations and makes a special attempt <br />to offer financial support to local educational institutions. <br />Mebane Packaging is confident that if Orange County approves this project that <br />the corporation can obtain financing satisfactory to all parties in a timely <br />fashion. Two of the largest banks in the state have already expressed an <br />interest in issuing the letter of credit to stand behind the bonds should the <br />project be approved. Mebane also has experienced legal counsel available to <br />assist in bringing the bond issue to its completion. The corporation is <br />looking forward to working with all of the appropriate organizations in the <br />realization of this mutually beneficial project. <br />5 <br />