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(Piper). She expounded on the Request for Proposal (RFP), mentioning the necessity of maintaining strict confidentiality. Mrs. Chandler related that the minimum requirements for Piper’s new site included (1) an on-site airport facility, (2) a location within 20 miles of an interstate highway, (3) the ability to meet weather conditions, (4) a superior labor management climate, (5) a work force with required skills, and (6) the availability of business incentives. She remarked that Piper hopes to select a location site by the end of the third quarter of 2007. Mrs. Chandler confirmed that Piper’s goals are to select a location for their corporate headquarters and the current manufacturing facility, and to manufacture the new Piper Jet. She disclosed that in March the Chamber had secured the services of the Washington Economics Group, which provided a report showing that Piper Aircraft has a $518 million impact on Indian River County. Mrs. Chandler concluded by stating that due to the Sunshine Law, public discussion could now ensue. B. KPP EY ROJECT OINTS Helene Caseltine , Economic Development Director, recognized team members’ participation in the project. She announced that Piper currently employs about 1100 residents and the new Plant would create 500 additional jobs. She reported that the estimated investment in the Plant is approximately $40 million in equipment and machinery, and an additional $60 million for a new facility. Director Caseltine revealed that Indian River County is one of five sites still under consideration; the others being New Mexico, Oklahoma, South Carolina, and Tallahassee. She conveyed that Piper wants to: (1) have a 700,000 square foot building, (2) offset their insurance costs, (3) minimize their utility costs, and (4) have access to skilled labor. Ms. Caseltine invited to speak Chuck Yaros, a Consultant for the Washington Economics Group, who provided an analysis on the economic impact of Piper on the County. May 9, 2007 3