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STATEMENT FOR THE 2007 PROJECT <br />FOR TAX ABATEMENT <br />The project involves an investment in new manufacturing equipment that will increase <br />Petitioner's capacity for production of tool steel. The project is expected to create from five to <br />twenty-five new full time jobs with an annual payroll increase in the range of $156,000; and will help <br />Petitioner to retain its 446 existing full time jobs, with salaries in the range of $31,200 per year. <br />Petitioner is a steel service center with a primary focus on flat rolled, low carbon steel. Its <br />operations involve slitting, leveling, pickling, shearing, temper rolling, cold reducing and production <br />of profiling parts through plasma and laser cutting. The proposed project will allow Petitioner to <br />merchandise its services and products in the market for tool steel, and thereby expand its utilization <br />of Petitioner's existing manufacturing capabilities. <br />Filed lr~ Clc~~'s Offil~e <br />JUL - 5 2007 <br />4 <br />Doti"! VoORf~E <br />can cl.~~~:, 4.0. s~r~a, ix <br />