Orange County NC Website
Browse       Search
16 <br /> A88 <br /> • 2019 public announcement for 200,000 sq.ft. manufacturing expansion of electrical products <br /> • $40 million announced investment <br /> • 403 new manufacturing jobs to be created by 2026 with an average salary of$71,000/year <br /> • Orange County incentive not to exceed $972,722.00 will be paid over the years 2022-2026 <br /> ABB - Orange County Revenue Projections <br /> (5 Years) <br /> 1s1 Year 2nd Year 3rd Year 4th Year 5th Year TOTAL <br /> 2020 2021 2022 2023 2024 <br /> New Property $45,131 $277,554 $337,110 $324,489 $312,679 $1,296,963 <br /> Tax Revenues <br /> Incentive <br /> Payments -$33,848 -$208,166 -$252,832 -$243,367 -$234,509 -$972,722 <br /> Annual Net $11,283 $69,289 $84,277 $81,122 $78,170 $324,241 <br /> Revenues <br /> Orange County Revenue Projections (10 Years) <br /> New Property Tax Revenue Collected $2,706,336 <br /> Less Incentive Payments 972 722 <br /> Annual Net Revenue $1,733,614 <br />