2021 Annual Comprehensive Financial Report

as additional employees at its interiors manufacturing facility in neighboring Davidson County. It services both wide-body and small body aircraft and is able to provide both high-end interiors for luxury airliners as well as more modest coach configurations. In addition to the four existing hangars in operation, HAECO completed a new $60 million, 250,000 square-foot hanger at PTIA in 2018. The City offered an economic incentive award of $400,000 to be paid out over five years if certain jobs are created. The new hanger could create up to 500 jobs when fully occupied.

On July 19, 2020, online retailer Amazon Inc. marked its first day of operations at its 1 million-square-foot fulfillment center at Triad Business Park in Kernersville. The new facility employs approximately 1,000 full time employees and is within a couple miles of the FedEx Ground operation and within 10 miles of the Federal Express air and sorting hub at PTIA in Greensboro. Additionally, Amazon signed a second lease in April 2019 for 38 acres in the Piedmont Corporate Park. The ten-year lease begins in August 2019 and includes five additional options to extend the lease by five years.

Between fall 2019 and summer 2021, Amazon has opened three last-mile delivery facilities located in Kernersville, High Point and Whitsett, 14 miles east of Greensboro. Each facility employs between 100 and 200 workers with a starting wage of $15.50 per hour plus benefits. Amazon employs more than 27,000 full-time and part-time employees across the state of North Carolina. FedEx began operating its Mid-Atlantic hub, a major U.S. air hub and cargo handling facility, located at PTIA in 2009. The one million square-foot cargo handling facility, an approximately 160-acre site, has been leased by PTIA to FedEx for an initial term of 25 years. FedEx funded the $500 million cargo handling facility, and PTIA constructed a new 9,000-foot public runway parallel to an existing runway, as well as related taxiway, airfield and road improvements. Between 2009 and 2019, the FedEx Mid-Atlantic air hub, nearly doubled existing operations, adding eight net new flights. In September 2020, FedEx expanded further by adding an average of five to six daytime flights at PTIA in response to increased demand for e-commerce goods in both local markets and freight bound for other locations. In nearby Kernersville, the $110 million, 415,000 square foot FedEx Ground “super hub” sorting and distribution center opened in 2011 and expanded to 493,000 square feet in 2015. In early 2021, FedEx purchased 25 acres on the western edge of its existing FedEx Ground location in Kernersville for $4.98 million and site preparations are in progress. The extensive FedEx air and ground distribution centers in the Greensboro area are part of an ongoing nationwide network expansion and transit time acceleration plan to boost daily package volume capacity and further enhance the speed and service capabilities of its network. The FedEx operations at PTIA account for approximately 80% of the inbound and outbound air cargo volume on the airfield. In all, FedEx air and ground operations, employ approximately 5,000 permanent full-time workers in the Triad. To further augment this growing logistics network, United Parcel Service (UPS) , a dominant logistics company in the region, including UPS Ground and Freight, continues to grow. In October 2020, UPS announced two major projects in the area, bringing a total of 592 new jobs; a $54 million equipment expansion at its distribution facility in Greensboro and plans to construct a $262 million, 510,000-square-foot distribution center 16 miles east of Greensboro. In June 2020, Greensboro City Council approved a $314,771 incentive package to create an additional 141 jobs paying an average annual salary of $65,147. In addition, in October 2020, the North Carolina Economic Investment Committee approved incentives for UPS valued at more than

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