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37 <br /> Benefits of CITEL Locating in Orange County <br /> • Creates 79 total full-time jobs, with benefits, to include 38 new full-time jobs to be <br /> created locally (in addition to the 41 jobs that will be offered relocation from Florida) to be <br /> created between 2025 — 2029, at an average annual wage of $83,611 or approximately <br /> $40.20 per hour. <br /> • Adds up to $6 million in new personal property investment (machinery and <br /> equipment) and $500,000 to $1 ,000,000 in new real property investment (building upfit <br /> improvements), to include the potential for solar panels. <br /> • Occupies a commercial/industrial building that is currently vacant in Hillsborough's <br /> Meadowlands business district. <br /> • Proposed incentive is revenue positive for the first 5 years, netting 25% per year of the <br /> forecasted net new property tax valuation. <br /> • Increased diversification of the County's economy through adding another light industrial <br /> manufacturer, and with international ties. <br /> • Orange County would become the firm's chief center of operations in the USA. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />