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Business Subsidies

June 21, 2016

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TAXES & INCENTIVES

JOBS & WAGES

Tax Abatement & Tax Increment Financing

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SanMar

2013 2014 201 2016!0

!100,000

!200,000

!300,000

!400,000

!00,000

!600,000

!"00,000

!#00,000

!$00,000

SanMar T%ta Taxes 'aid SanMar Incenti(e )ecei(ed *TIF+

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SanMar

J%b reati%n -%a10

J%bs reated 120

.eig/ted A(erage.age -%a!120%ur

.eig/ted A(erage.age !13#0%ur!$!10$$

!11!12$$

!13!14$$

!1!16$$

!1"!1#$$

!1$!20$$

!21!22$$

!23!24$$

!2!26$$

!2"!2#$$

!2$!30$$

!31 and %(er

0 10 20 30 40 0 60 "0 #0

J%b reati%n -%a

Actua J%bs reated

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S/utter5, Inc

2013 2014 201 2016!0

!100,000

!200,000

!300,000

!400,000

!00,000

!600,000

!"00,000

!#00,000

S/utter5 T%ta Taxes 'aid S/utter5 Incenti(e )ecei(ed *Tax Abatement+

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S/utter5, Inc

J%b reati%n -%a2#

J%bs reated 1#1

.eig/ted A(erage.age -%a!1#%ur

.eig/ted A(erage

.age !2"#%ur!$!10$$!11!12$$

!13!14$$

!1!16$$

!1"!1#$$

!1$!20$$

!21!22$$

!23!24$$

!2!26$$

!2"!2#$$

!2$!30$$

!31 and %(er

0 0 1001020020300

J%b reati%n -%a

Actua J%bs reated

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7ntrust 8atacard

2013 2014 201 2016!0

!100,000

!200,000

!300,000

!400,000

!00,000

!600,000

!"00,000

!#00,000

7ntrust 8atacard T%ta Taxes 'aid 7ntrust 8atacard Incenti(e )ecei(ed *Tax Abatement+

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7ntrust 8atacard

!$!10$$

!11!12$$

!13!14$$

!1!16$$

!1"!1#$$

!1$!20$$

!21!22$$

!23!24$$

!2!26$$

!2"!2#$$

!2$!30$$

!31 and %(er

0 20 40 60 #0 100120

J%b reati%n -%a

Actua J%bs reated

J%b reati%n -%a100

J%bs reated 140

.eig/ted A(erage.age -%a!14%ur

.eig/ted A(erage.age !2#"%ur

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)%sem%unt, Inc

2013 2014 201 2016!0

!100,000

!200,000

!300,000

!400,000

!00,000

!600,000

!"00,000

!#00,000

!$00,000

)%sem%unt T%ta Taxes 'aid )%sem%unt Incenti(e )ecei(ed *Tax Abatement+

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)%sem%unt, Inc

J%b reati%n -%a200

J%bs reated 2$

.eig/ted A(erage.age -%a!14%ur

.eig/ted A(erage.age !2"%ur!$!10$$

!11!12$$

!13!14$$

!1!16$$

!1"!1#$$

!1$!20$$

!21!22$$

!23!24$$

!2!26$$

!2"!2#$$

!2$!30$$

!31 and %(er

0 0 100 10 200 20

J%b reati%n -%a

Actua J%bs reated

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)a/r %r9%rati%n

2013 2014 201 2016!0

!20,000

!40,000

!60,000

!#0,000

!100,000

!120,000

)a/r T%ta Taxes 'aid )a/r Incenti(e )ecei(ed *TIF+

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)a/r %r9%rati%n

J%b reati%n -%a2#

J%bs reated 20

.eig/ted A(erage.age -%a!1$#1%ur

.eig/ted A(erage.age !224%ur!$!10$$

!11!12$$

!13!14$$

!1!16$$

!1"!1#$$

!1$!20$$

!21!22$$

!23!24$$

!2!26$$

!2"!2#$$

!2$!30$$

!31 and %(er

0 2 4 6 # 10 12 14

)a/r %r9%rati%nJ%b reati%n -%a

)a/r %r9%rati%n

Actua J%bs reated

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umuati(e In:%rmati%n

Included

SanMar *TIF 14+ S/utter5, Inc

)%sem%unt, Inc

7ntrust 8atacard

)a/r *TIF 16+

Not Included

Trstar *taxabatement+

TIF 1" *in:rastructure+

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Annua T%ta Taxes & Incenti(es*SanMar, S/utter5, )%sem%unt, 7ntrust 8atacard and )a/r+

2013 2014 201 2016!000

!00,00000

!1,000,00000

!1,00,00000

!2,000,00000

!2,00,00000

!3,000,00000

!3,00,00000

T%ta Taxes T%ta Incenti(es

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T%ta TaxesT%ta Incenti(es

!3,122,46#!611,60#$

1

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J%bs & .ages*Januar 201 8ecember 201+

;e< J%bs -%a *"36+

;e< J%bs Actua *"20+

"10 "1 "20 "2 "30 "3 "40 .eig/ted A(erage .age -%a *!132+

!000

!00

!1000

!100

!2000

!200

!3000

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PROPOSED UPDATES

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=9dated '%ic

Current

200> %: t/e :ederaminimum

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!UESTIONS