Confirming Tax Abatement - University of Notre Dame Du Lac, and Innovation Park at Notre Dame, IN

Home Browse Search

of concept for a particular new product or process prior to the completion of a business plan for formal market entry. All of this equipment will be housed in the facilities to be built at the Innovation Park at Notre Dame. 2. The project is expected to create 17 to 23 full time and 1 part-time permanent jobs within the first year, representing a new annual payroll of at least $1.15 million to $1.45 million and will maintain N/A existing permanent full-time and NIA existing part-time job with an annual payroll of $ N/A . At present, Innovation Park at Notre Dame, Inc. has no employees. The projected annual salaries for each new position indicated above can be described as follows: Park Administration (CEO, 2 Engagement Directors, Marketing Manager, Facilities Manager and Sr. Administrative Assistant) $550, 000 4 to 6 tenant companies with an average of 3 employees each ($150,000 total salaries per company) $600,000 to $900,000 Total Salaries $1,150,000 to $1,450,000 3. Estimate the cost of the Equipment: The investment in equipment is contingent upon the specific needs of the tenant-client companies. At this time, the best estimate of the total cost of the equipment is no less than $500, 000. 4. (a) The Equipment is owned or to be owned by the following individuals or corporations (if the business organization ispublicly-held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): NAME ADDRESS INTEREST University of Notre Dame du Lac Innovation Park at Notre Dame, Inc. Tenants of Innovation Park at Notre Dame, Inc. 203 Main Building Notre Dame, IN 46556 203 Main Building Notre Dame, IN 46556 203 Main Building Notre Dame, IN 46556 to be determined to be determined to be determined (b) The following other persons lease, intend to lease, or have an option to buy this equipment (include corporate information as required in (4)(a) above, if applicable): NAME ADDRESS INTEREST N/A 5. Give a brief description of the overall nature of the business and of the operations occurring at the location for which tax abatement is requested: 2