JEROME’S CONNERSVILLE INDIANA FACILITY

JEROME’S MANUFACTURING FACILITYCONNERSVILLE INDIANA 775,000 SQUARE FOOT PLANT

Jerome’s has an executed a contract to purchase the CONNERSVILLE INDUSTRIAL CENTER (HEREINAFTER REFERRED TO AS “the Center”). The Center consists of approximately 775,000 square feet of manufacturing space and 30,000 square feet of office space on 35 acres.

  1. conjunction with the purchase, Jerome’s submitted applications to the City of Connersville and State of Indiana for tax benefits and inducements for locating its manufacturing facility in Connersville. The inducement applications shows an investment and improvements to the real estate of approximately $20,000,000.00 and the installation of manufacturing equipment with a value of $10,000,000.00. The City of Connersville (“City”) has passed two resolutions accepting Jerome’s applications and issuing tax abatements for Jerome’s. The tax rates for real estate and personal property in Connersville Indiana are 3% a year. The real estate tax abatement for Jerome’s real estate improvements is for a ten (10) year period, with a ten (10) percent reduction per year. The personal property tax abatement for Jerome’s personal property owned is for a five (5) year period with a twenty (20%) percent reduction per year. In addition, Jerome’s anticipates substantial tax benefits being issued from the State of Indiana for its locating in Connersville Indiana and the creation of a substantial number of jobs at the facility.

Supporting documents for legal review by counsel:

1. Contract for purchase of Connersville Industrial Center

2. Title Report for Center

3. Plant Picture

4. Environmental Studies for Center

5. City of Connersville Abatement Resolutions

6. Contract for purchase of pre-cast concrete machine

7. Contract for pallet machine

8. Contract for store locations

The Center will be the central location for the manufacturing for the in house construction of the modular stores, packaging materials, and certain non food items (detergents). The Center will have the following areas of operations (along with others to be developed):

AREAS OF OPERATIONS

1 – CONCRETE PANEL MANUFACTURING

A-Mix Plant

B-Forms and Pouring

C-Curing/storage

D-Distribution

2- FIXTURES-FURNITURE AND EQUIPMENT FOR STORES

A-Extruded Aluminum Panels

B-Refrigerated Cases

C-Skid mounted Refrigeration Packages

D-Signage and Other Structures Deem Necessary

3- FILM MANUFACTURING

A-Blown Films: Three Layer Biaxial Oriented FilmSeven Layer: Barrier Film

B-Cast Films: PVC Stretch, PET Extrusion, Foam Extrusion

4- THERMOFORMING

A-Trays, Clamshell ,Etc.

5- BLOW MOLDING

A-HDPE, PET Bottles and Jars

6- FLEXOGRAPHIC LABEL PRINTING

A-Roll Films

B-Spot Labels

7- INJECTION MOLDING

A-Shredder/grinders, Blenders, Injection Machines

B- Curing, Storage and Distribution

8- STEEL TIN PLATE OVENS

A-Steel Coil In feed

C-Shear Plates

D-Tinplate Coat

E-Curing Oven

F-Sorting Sheets and Distribution

9- DETERGENT MANUFACTURING

A-Mixing and Blending

B-Container Fill and Close

C-Labeling Operations

D-Distribution

10- STORAGE

A-Raw Materials

B-Finished Goods