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Department of Commerce
Beverly Eaves Perdue, Governor J. Keith Crisco, Secretary
,<' , ~ .
Duff & Phelps
1200 West Peachtree Street
Atlanta, Oeorga 30309
The State of North Carolina welcomes the opportunity to work with Project Odyssey. as they consider
locating their headquarters in Durham. North Carolina. As you know. North Carolina has a proven track record in
providing leading edge Initiatives to support the success of quality companies in locating in our State. Our State
is consistently recognized in leading publications for our superior business climate and our commitment to
investment in education, workforce development, infrastructure and cultural assets. .On behalf of the State, I am
pleased to outline a number ofstate incentive programs for which this project might be eligible. We hope we will
convince you that North Carolina would be the best location for your proposed operations.
The possible incentives and estimated values provided below are based on preliminary project
information you have provided. The key assumptions underlying the estimates are that the project will be a
headquarters located in Durham County (currently a tier 3 county), 1500 permanent, full-time jobs will be created
by 2014, the average annual wage of those jobs will be $63.315. there will be private capital Investment of $70
million by 2013, and the company will subfnit financial statements demonstrating financial capacity. The value
of any particular incentive may vary as additional infonnation concerning the project becomes available. This
summary represents the Department's intent to identify programs that are available in North Carolina that may
benefit Project Odyssey.ln its efforts to locate here, and creates no binding legal or contractual obligation on the
part ofeither party. We would be happy to assist you in interpreting the requirements and preparing paperwork to
apply for these programs.
·Sfate incentivel QI't! contingent upon lubmillion ofall required documentation.. ltojfreview, fulfillment of eligibility requirements and
terma and conditions ofprograms, and, approval by responsible program lItlminiltralon. The relevant statutory pnwiaions and rules must
.. be consu/tedfor a foil understanding ofthe terma and canditiona ofeach program. Although various economic development entities may
reference Stote incentive progroma, only odmlniatrolUl'S directly responsible for such progrqma QI the relevant Stote agenciel can provide
definitive terms. PletJll! note tIrot materialI submitted by companies are subject to public disclosure under North Carolina :s public records
law, unlusthey qualfIYfor confidential treatment.
Certain laX credit and tQJf refund provillons hove been (JIslgned III1Iset dates by the General Allembly. which may be discussed morefolly
In the attachments 10 ibis leiter.
301 North Wilmington Slreet-4301 Mail Service Centef'lRlileigh, North Carolina 27699-4301
Tel: (919) 733-41!lI-fwt: (919)733-8356
An Equal OpportwlitytAffirmatlve Action Employer
October 19, 2010
We are committed to attracting quality businesses to our State. as demonstrated by the scope of financial
inducements the State of North Carolina can make available for eligible projects. We would welcome the chance
to explore the details ofthese programs and how we might best assist your company in advancing this project.
We look forward to further discussions regarding this important project.
Dale B. Carroll
Deputy Secretary and ChiefOperating Officer
301 North Wilmington Streete4301 Mail Service CentereRaleigb, North Carolina 276994301
Tel: (919) 73341 SI eFax; (919)733·8356
An Equal Opponllllity(Affirmativc Acllon Employer
Month the Company anticipates going to the Tax Credit Authority:'" May 2011
*Note- (1) The Company's baseline payroll period is the 12..months immediately preceding the month that the Tax Credit
Authority considers the request for the Job Creation Tax Credit.
(2) Materials to be placed on the Tax Credit Authority agenda must be submitted by the Department of Development's
Actual Payroll at the project site over the past 3 years:
Projected Payroll for 12 months ended Current Payroll, May 201 I:
Actual Payroll for 12 months ended Payroll, May 2010:
Actual Payroll for 12 months ended Payroll, May 2009:
- - - . ~ - -
New Payroll to be generated at the project site over the next 3 years: 2011: $0.00
B. Other Company Employees within the State of Ohio. Please do not include employees at any retail operations:
Total Existing Full-Time Equivalents: 504 as of 2/28/2011
Total Full-Time Equivalents One Year Ago: 513 as of 2/28/2010
Equivalents at other Company facilities (excluding retail) within 15 miles of project site: 372
If equivalents have decreased at the project site, briefly describe why:
in force in February 2010
FuU-Time Employment Commitments
Full-Time Employees committed to hire at project site no later than 12/3112014:
Average Hourly Base Wage: $34.30
Average Hourly Benefits: $34.30
Number of Disadvantaged Full-Time Employees:
Are any of the retained full-time jobs at risk of being lost or moved out-of-state if the Yes
project does not go forward?
If "Yes", approximately how many retained, full-time jobs are at risk?: 1521
Why are these jobs at risk? Where will they be moved to?
~ h e entire workforce would be at risk if the company were to relocate the headquarters to another state. ]
--..~ ~ . - - . ~ - - ..- - - ~ ~ ' - ' - - ' - - ' ~ ~ ' - ~ ' ~ - - ' ~ - - ' ~ ~ ' - ~ ' - . - . ~ ~ . - . - . - - - . - ~ ~ ~ - - ..~ - - - . - - - - . - . - - - ~
Will this project result in the movement of employment positions from another state or country to Ohio? No
If "yes", indicate how many from each state(s) or country:
State or CQuntry where Relocated Number Employees
Will this project result in the relocation ofjobs within Ohi
Will this project result in a job loss to any Ohio communit
Since Diebold has not finalized the final project site, we cannot determine with certainty which jurisdictions will or m;t;l
subject to a reduction in employment as a result of the project. However, once a project site has been selected, any 'and I
all affecte. d jurisdictions will be notified of the impact in writing. In addition, written eVidenc.e of communi.ty support from the I
be provided after final project site __..__...J
Please answer the following questions regarding the movement of jobs within the State of Ohio. These questions also refer to
employment positions, not specific people.
Building Size (in square feet)
Does the company own or lease this facility?
Number of Full-Time Employees to be relocated:
When will the relocations occur?
Will these relocated positions be backfilled (will a new per
be hired at the current facility too)?
Reasons for relocating jobs:
Please describe other business conditions affecting the company's decision to relocate jobs.
In order to improve efficiency and to consolidate multiple facilities within the same general geographic area,the
project will necessitate relocation of employees from several jurisdictions into one location. Since the final
project location has not been determined, the above references to the affected county, the affected square
. footage, and the number of relocated employees are only estimates and all of the above are subject to change
:upon final selection of project site.
Please describe the company's efforts to find alternative sites within the same community as the current fucility. Ifthe company has not
explored this community, please explain why.
!The company is still in discussion with different jurisdictions and examining multiple locations for final site
:selection, including all communities where current facilities are located.
Please explain why the proposed project cannot occur that the existing site.
The final site selection has not been completed. However, since this is a consolidation project and multiple
• jurisdictions are involved, it will require some employee relocation.
Page 11 of 15
C a t e ~ Company
~ ~ ~ ~ I2ml
Machinery & Equipment $18,000,000.00 $0.00 $0.00 $0.00 $0.00 $18.000.000.00
Land AcqulsHion $10,000,000.00 SO.OO $0.00 $0.00 $0.00 $10.000.000.00
Building Construction $60,000,000.00 SO.OO $0.00 $0.00 $0.00 $60,000,000.00
Road Construction SO.OO $0.00 $0.00 $1,500.000.00 $1,500,000.00 $3,000,000.00
Architectural $ Engineering $6,000,000.00 $0.00 $0.00 $0.00 $0.00 $6,000,000.00
Developer Fee $3,000,000.00 SO.OO $0.00 $0,00 $0.00 $3,000,000.00
TOTAL $91,000,000.00 $0.00 $0.00 $1,500,000.00 $1,500,000.00 $100,000,000.00
Source of Funds
Please describe the status of all sources of funds for this project. Please be sure to include company equity; loan sources; and
govermnent assistance including federal, state, local, and other community assistance. Include the dollar amounts for each source. The
total sources listed here must match your Project Budget Total from the previous page. Ifit does not, please describe how the project
will be able to occur with limited funding.
IUpon selection of site, we will finalize the financing package. Currently, we've researched Port Authority financing options
Iand capabilities, debt financing with existing bank creditors, and lease options with a developer.
If financing machinery and equipment, please furnish a list of machinery and equipment to be purchased with loan .!.Indior grant funds.
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