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GENERAL PROJECT OVERVIEW To add text outside of the gray fields or click the statutory reference link, de-select the "Protect Form' (lock) button on the Forms toolbar. The Company and its consultants are in close communication with officials in the other states to discuss the project and a potential move in detail and to continue to refine and customize the offers of incentives based on the Company's unique needs . The incentives we consider most compelling are : • Offers of free land and facility — These benefits would provide a new , state-of-the-art facility , which would enhance competitiveness and reduce operating cost. • Cash grants for job creation in excess of $25 million and climbing . • Potential equity investment and/or 0% financing to assist in R& D investment. • Assistance with relocation costs for equipment and people . • Substantial training grants and payment of 50 % of production employees ' wages during the first 6 months of employment, up to 1 , 040 hours . Other Advantages The other locations under consideration pose several advantages for the Company: • Larger base of production/manufacturing workers and engineers from which to recruit. • Greater number of colleges and universities with aviation-related programs , from vocational-level and community college , through master's and Ph . D. • No threat of hurricanes or other destructive storms . • Potential to save more than $2 million in property insurance annually. • Closer proximity to commercial airports . • Lower utility costs (rates more than 50% lower). D . Indicate any additional internal or external competitive issues impacting this project's location decision? Piper's plan to develop the PiperJet is the catalyst for a critical look at the Company's facility needs and the best location for growth in the long term . As described in this application , we are evaluating several locations which are suitable for their weather, airport facilities and business climates and are conducting further due diligence on facility development costs and labor cost and quality . We have found that competing locations are far more competitive than Florida in terms of utility costs , real estate costs , business incentives , property insurance , and weather patterns. A. Provide a brief synopsis of the special impacts the project is expected to stimulate in the community, the state, and the regional economy. Include the impact on indicators such as unemployment rate, poverty rate , and per capita income . Recently , the Indian River County Chamber of Commerce commissioned an updated economic impact study by the Washington Economic Group, which estimates Piper's annual economic impact on the Indian River County region at $518 million per year. Enterprise Florida has received copies of this study . Page 7 of 15