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2008-131
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2008-131
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Last modified
3/30/2016 11:30:57 AM
Creation date
10/1/2015 12:07:51 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/28/2008
Control Number
2008-131
Agenda Item Number
4.A.
Entity Name
Piper Aircraft, Inc.
Subject
Closing Fund Agreement
Supplemental fields
SmeadsoftID
6997
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GENERAL PROJECT OVERVIEW <br /> To add text outside of the gray fields or click the statutory reference link, de-select the "Protect Form" <br /> (lock) button on the Forms toolbar. <br /> Exhibit A — Jobs and Wages <br /> Retained Jobs <br /> When Piper began discussions with Enterprise Florida, the Company employed 963 full- <br /> time employees in Vero Beach. The Company submits 963 as the number of jobs to be <br /> retained. <br /> New Jobs <br /> The Company has prepared the following schedule of employment over a nine-year <br /> period. The table shows the estimated number of jobs to be added in each calendar year <br /> and the anticipated total number of jobs at the end of each calendar year. Year 1 is 2007 . <br /> (The Company has added 51 jobs during this site selection process, and those jobs are <br /> reported below for Year 1 ) , <br /> During the design, development and production of the Piper7et, employment is expected <br /> to fluctuate according to the stage of the product development cycle . This expansion and <br /> contraction in headcount is typical in aviation manufacturing. <br /> Year Estimated # Full- Change in <br /> Time Employees at Employment <br /> end of Calendar Year from Previous <br /> i <br /> Year <br /> (Estimated) <br /> Year 1 (2007) 1 ,014 +51 <br /> Year 2 (2008) 1 , 091 +77 <br /> Year 3 (2009) 1 , 102 + 11 <br /> Year 4 2010 1 ,064 -38 <br /> Year 5 (2011 ) 11012 - 52 <br /> Year 6 2012) 1 ,368 +356 <br /> Year 7 2013) 1 ,354 - 14 <br /> Year 8 2014 1 ,328 -26 <br /> Year 9 2015) 1,309 - 19 <br /> At the year of peak employment in 2012, Piper' s estimated full-time headcount is 405 net <br /> jobs above the starting, base employment level of 963 . At the conclusion of this timeline <br /> in 2015 , the estimated number of net new jobs from the project start is 346 . These <br /> figures do not include full-time equivalent positions held by independent contractors and <br /> paid directly by the company (see below .) <br /> Independent Contractors <br /> In addition to the full -time employees outlined above, Piper currently employs 125 <br /> independent contractors in a variety of roles . The table below shows the number of <br /> independent contractors in a variety of departments when discussions with enterprise <br /> Florida began (a total of 62) and the number in these roles today (a total of 125) . The <br /> Page 12 of 15 <br />
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