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27 <br /> Description of ABB's " Project Clear Blue Sky" <br /> • Consolidation into one U .S. hub of the manufacturing, engineering, & <br /> related electrical products of ABB Is "Distribution Services" line. <br /> • ABB hired consultant Deloitte U.S. to evaluate Mebane, NC versus a <br /> competing ABB site in Senatobia, MS. <br /> • $39.9 million in investment <br /> • $24.3 MM in real property; $15.6 MM in personal property <br /> • Forecast to occur in the first 3 years of operation <br /> • New building construction of 200,000 sq. ft. (approx. half of the investment) <br /> • Additional improvements to 400,000 sq. ft. existing building <br /> • Introduction of world-class sheet metal and copper fabrication equipment <br /> • Transfer of personal property (Relocation of existing machinery from another ABB <br /> plant to the Mebane plant; estimated at only 10-15% of the total M&E investment <br /> to be made) <br /> • 378 new jobs in first 2 years, increasing to 403 jobs by 5th year <br /> • $70,789 average annual salary, plus benefits. <br /> • Mebane operations would lose 110 jobs if MS site was selected. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 4 <br />