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<br />20 <br /> <br />8. Economic Benefits <br />8.1 What is the proposed economic value of Research Triangle Logistics Park? <br /> Investment: Estimated up to $150 million (new property tax valuation) <br /> Facility: 160-acre development with up to 2.25 million sq. ft. in four total buildings <br /> Employment: The developer estimates between 1,000 – 1,500 jobs <br />(Revised from an earlier higher figure) <br /> <br />8.2 What are the types of jobs and salaries that could occur at this location? <br /> The RTLP site is currently 90% zoned to already allow certain types of light manufacturing and <br />assembly, distribution/warehouse, and commercial development. Specific users for the proposed <br />RTLP project are not known at this time. <br /> Below is the average annual wage data for three existing statewide North Carolina industry <br />categories. They are examples of average wages that could potentially be associated with jobs that <br />could locate at the RTLP. (Data source – N.C. Statewide Annual Wage Data for 2019, the N.C. <br />Department of Commerce’s Quarterly Census Employment and Wages. Additional information, <br />including wage data at the Subsector or Industry Group level, can be located on the N. C. <br />Department of Commerce website: https://d4.nccommerce.com/QCEWSelection.aspx) <br />NAICS <br />Code Industry Establishments Annual Average <br />Weekly Wage <br />Average <br />Hourly Wage <br />31 Manufacturing 10,247 $1,175.13 $29.38 <br />48 Transportation and Warehousing 8,119 $976.20 $24.41 <br />54 Professional, Scientific, and <br />Technical Services 39,905 $1,646.10 $41.15 <br /> <br /> <br />8.3 Can established business parks located in the City of Mebane/Alamance County provide a <br />real-world example of potential tenants and any positive economic impact they generate for <br />their community? <br />1. North Carolina Industrial Center (N.C.I.C.) <br /> 3 million total sq. ft. of completed construction (all tenants) <br /> 2,000 total jobs (all tenants) <br /> Hundreds of $ millions in total real & personal property investment added to the City of Mebane <br />& Alamance County property tax base; substantial annual payroll earned by local residents. <br /> Property tax revenue is shared by Alamance County and the City of Mebane. <br /> 18 total companies (all are national or international companies whose Mebane facility is serving <br />at least the U.S. east coast, if not national and/or international markets), to include these fi rms: <br />Company Name Operation <br />Sports Endeavors (HQ located in <br />Hillsborough) Distributes Sports Appeal <br />Badcock Home Furniture & more Distributes Home Furniture <br />CBC America Distributes Medical Devices, Flooring, Optics, Software & Pharmaceuticals <br />PPG Coating Services Makes & Distributes Protective Coating Products <br />Ferraro Foods Distributes Italian Food Products <br />AirGas Produces & Distributes Pure Oxygen for Medical and Industrial Uses <br />Jabril Healthcare <br />Makes and Distributes Medical Devices, Orthopedics, Blood Pressure <br />Monitors, Fitness Trackers, Diagnostic Monitors, and Pharmaceutical Delivery <br />Systems (Inhalers & Injectable) <br />570