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RICHARD INDUSTRIAL GROUP:FACTS AND FIGURES <br />Assumptions: <br />90 <br />Relocate and/or hire approximately full-time employees with full benefits. <br />Pay average salaries for employees as follows: <br /> <br />$250,000 <br />Managers <br />$ 55,000 <br />Admin <br /> <br />$160,000 <br />Engineers <br /> <br />$200,000 <br />Designers <br />$160,000 <br />RIG will spend in building improvements, infrastructureinstallation, and furniture, <br />$120,000 <br />RIG will spend in hiring/human resource expensesincluding signing bonuses, <br />$340,000 <br />RIG will spend in computers and software, <br />$400,000 <br />RIG will own roughly ($340,000 plus $60,000 in furniture and other property) of <br />taxable business personal property, <br />RIG will spend the first two years looking for a site upon which to construct a new, permanent <br />facility in year #3. <br />Real andBusiness Personal Property Tax Projections: <br />$2,840 <br />Total annual taxes paid to the City of La Porte over 3 years: <br />($400,000/100 x 0.71 = $2,840) <br />Primary Job Opportunities for La Porte Residents: <br />82 <br />RIG willoffer approximately new full-time, well paid positions with benefits to work in their <br />engineering office in La Porte. <br />Other Benefits of the Project: <br />Improvement of an old suburban office in town, <br />Opportunity to forge a new relationship with a growing company that may builda new, <br />permanent facility, and further expand in La Porte after 3 years, <br />Opportunity to attract other quality tenants/businesses to both the 1200 Building and the <br />City of La Porte. <br /> <br />