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2 <br /> Well Dot, Inc. is an early-stage healthcare technology and services company that incorporated in <br /> January 2019. The company provides technology-enabled healthcare solutions to consumers via <br /> employers through a platform that enables consumers to navigate their health and wellness <br /> needs. Well Dot's current client portfolio includes firms such as the Bank of America, LabCorp, <br /> Extended Stay Hotels, FEDEX and Walmart. During the second quarter of 2019, Well Dot <br /> approached the Town of Chapel Hill and Orange County and expressed a desire to expand <br /> operations in either Chapel Hill, NC or Boston, MA, where the company also has an existing <br /> presence. <br /> On November 19, 2019, North Carolina Governor Roy Cooper, joined by company <br /> representatives and local, county and state elected officials, announced the location of a new <br /> operations center in Chapel Hill. The Chapel Hill center will serve as the primary center for clinical <br /> and health experts, while also housing software developers, data analysts and corporate <br /> personnel. The North Carolina Department of Commerce committed $3,394,500 over 12 years <br /> through a performance-based agreement with the Job Development Invest Grant (JDIG) program. <br /> Over the course of the 12-year term of that grant, the project is estimated to grow the state's <br /> economy by $609 million. The North Carolina Community College System also committed to <br /> supporting the company with $480,000 in value through its Customized Training Program. <br /> The Company will create at least 360 new full time jobs, at an annual rate of$63,665 plus benefits. <br /> Well Dot's salary average is higher than the 2022 Orange County average private sector wage of <br /> $59,026 per year. Other economic benefit multipliers to the County include additional daytime <br /> workers in downtown Chapel Hill, and enhanced job skills for those employees through <br /> customized training to be provided by the Orange County campus of Durham Technical <br /> Community College in Hillsborough. Also, construction employment for the facility upfit and <br /> remodeling will create additional skilled trade jobs. <br /> On March 4, 2020 the Chapel Hill Town Council approved a performance based incentive <br /> agreement with a maximum investment of $900,000, with $450,000 tied to job creation and <br /> $450,000 in parking credits, payable over 8 years. The town's incentive program will be awarded <br /> based on the company meeting specific targets for new jobs. <br /> Well Dot has an existing office location in Orange County at 419 W. Franklin St., Chapel Hill, <br /> highlighted in red on the map below, which will accommodate up to 85 initial employees in senior <br /> management. To house an additional 300+ jobs Well Dot plans to hire through 2025, a second <br /> location is envisioned nearby in downtown Chapel Hill. Therefore, the Company has identified <br /> the County's former Visitors Bureau building and the adjacent space previously occupied by the <br /> Skills Development Center as its desired and ideal location. These properties, highlighted in <br /> purple on the map below, are located at: <br /> • 501 W. Franklin Street, Chapel Hill, NC 27517 (PIN) 9788151996 <br /> • 503 W. Franklin Street, Chapel Hill, NC 27517 (PIN) 9788151829 <br /> • 108 S. Roberson Street, Chapel Hill, NC 27517 (PIN) 9788152822 <br />