Discussion Agenda Item III.A.2 Approval of Science Applications International Corporation (SAIC)...
-
Upload
martina-jacobs -
Category
Documents
-
view
217 -
download
2
Transcript of Discussion Agenda Item III.A.2 Approval of Science Applications International Corporation (SAIC)...
Discussion Agenda Item III.A.2
Approval of Science Applications International Corporation (SAIC) Qualified Target Industry (QTI)
Tax Refund Resolutions
• FORTUNE 500 company
• Headquartered in McClean, Virginia
• Largest employee-owned research and engineering company in the United States
• Provides IT, systems integration, and eSolutions
• National security, energy, the environment, space, telecommunications, IT outsourcing, health care, and logistics
• 45,000 employees worldwide
• Training and Simulation Services Business Unit
• Established 1978
• 400 employees by December 31, 2009
• Annual Payroll = $30million
Central Florida Research Park
SAIC Orange County
• New state-of-the-art integrated criminal history system for the State of Florida
• Advanced training simulators for combat helicopter crews
Central Florida Research Park
Examples of work in Orange County…
• Orange County QTI support attracts SAIC IT Regional Headquarters here from San Diego
• 120 new jobs
• Twice the prevailing Orange County wage
• Total SAIC jobs = 520 by next month
Central Florida Research Park
January 2010
1. Further consolidation of IT operations to Orange County = 65 new jobs
2. Consolidating to Orange County the manufacturing support and systems integration elements of SAIC’s Live Training, Virtual Training, and Range Systems Infrastructure = 110 new jobs
Two new opportunities for Orange County
Two new QTI Resolutions by BCC committing local financial support
• 175 new direct jobs
• Twice the prevailing wage
• $14 million annual payroll
• At least 175 additional indirect jobs with an annual payroll of $7 million
• Total impact = 350 jobs and $21 million annual payroll
2 New SAIC Projects
• Engineers
• Test technicians
• Quality assurance inspectors
• Electrical/mechanical assemblers
• Database administrators
• Software programmers
• Production control managers
• Project Managers
New jobs…
• Financial systems solutions managers
• Business analysts
• Administrative support
• Additional contracts and subcontracts for local companies
• Employment for UCF professors and students in developing and testing software
• Enhances viability of SAIC in Orange County
• Potential of new construction to accommodate a growing SAIC presence
• Promotes our reputation as a place to consolidate and streamline operations = new relocations and expansions
• Heightens our profile as High-Tech
Additional Impact
• Good jobs
• High wages
• Diversity and inclusion drive innovation
• Online and facilitator-lead education for managers and employees to foster an inclusive environment
• SAIC Multicultural Network
• U.S. Department of Defense Patriot Employer Award
Exemplary company
• Eligible for $7,000 per job
• 175 jobs X $7,000 = $1,225,000 total QTI
• State share = 80% = $980,000
• Orange County share = 20% = $245,000
• Paid over 6 years after jobs are both created and maintained
• First Orange County QTI payment = $22,750 in FY 2012-2013
QTI Incentives
• Total 2010 QTI Projects = 10
• Total direct new jobs = 867
• Additional indirect jobs = 867
• Total direct and indirect jobs = 1,734
• Total annual payroll = $95 million
Total QTI Projects in 2010
a) Resolution of the Orange County Board of County Commissioners regarding Science Applications International Corporation (SAIC) Qualified Target Industry Tax Refund for IT Expansion Project, and
b) Resolution of the Orange County Board of County Commissioners regarding Science Applications International Corporation (SAIC) Qualified Target Industry Tax Refund for Engineering and Manufacturing Support Project
Approval of
Actions Requested