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15,000 square foot office, <br />o <br />33,000 square foot, crane served industrial building, <br />o <br />$2 million <br />Relocate of existing equipment and inventory, <br />o <br />$1 million <br />Purchase in new equipment, <br />o <br />Relocate seventy-three (73) full time employeesfrom its existing location at Hobby <br />Airport in Houston. Note:Seven (7) full time employees are already working at ACT’s <br />facility in La Porte. <br />Start the project in September of 2014 and finish the relocation by the end of 2015. <br />Personnel Information <br />Below is an itemized categorization of the ACT’s employment: <br />(6) Executive Management <br />(9) Sales, Accounting and Support Staff <br />(12) Engineering & Supervision <br />(53) Hourly Technicians <br /> <br />ACT offers competitive salary and benefits. Many of ACT’s hourly employees make between <br />$20 - $30/hr. Supervisors and engineering staff are typically compensated at or above the <br />industry average. All full time employees are eligible to receive benefits that include generous <br />insurance benefits (medical, vision, dental), 401(k) plan with matching program, disability & life <br />insurance, profit sharing incentives, paid vacation and holidays. <br />Other Pertinent Information <br />Of the six (6) senior members of ACT’sexecutive management team, three (3) are La Porte High <br />School graduates and two (2) others have lived and/or worked in La Porte for over 20 years. <br />Impact Analysis <br />eachyear <br />Excluding the impact of the seventy-three (73) new jobs to be relocated to La Porte, <br />directly$42,600 <br />this project would contribute approximately of new, annual property tax <br />Please refer to “Project Facts and Figures” and the “LPDC <br />revenue to the City of La Porte. <br />Project Score Card - 10 September 2014“ (enclosed) for payback figures. <br />Demand for Capital, Other Projects, and Priorities <br />According to the enclosed monthly financial reports, the 4B Board currently has approximately <br />$933,155 <br /> available at its discretion to use for new economic development projects. According to <br />the same financial reports, the 4B Board’s projected fund balance, assuming that no additional <br />$1,347,674 <br />funds are committed to new projects, by 30 September 2014 is . <br /> <br />