Viasat Economic Development Agreement

1. VIASAT
Economic Development Agreement

2. ADD A SLIDE TITLE - 3

3. FRAMEWORK OF THE AGREEMENT
Capital
Investment
$20M
Investment
$15M
Property
Value
Jobs
130 Existing
Jobs
$7.6M Payroll
150 New Jobs
$9.2M Payroll
280 Total Jobs
$17.2M
Payroll
Incentives
Reimburse
Portion of
Taxes
Fast Track
Development
Fee Waivers

4. CASH INCENTIVE CALCULATION
• Shared Revenue between Bryan & College Station:
– $15M/$100 Valuation (0.24 O&M rate per ILA) = $36,000 shared revenue
– City of Bryan’s Portion of Shared Revenue = $36,000/2 = $18,000
– City of Bryan’s Cash Incentive Payment to Viasat in Year 1 = $18,000
(80%) = $14,400
• City of College Station’s Cash Incentive Payment:
– $15M/$100 Valuation (0.4725 total tax rate) = $70,875
– City of College Station’s Portion of Shared Revenue = $36000/2 = $18,000
– City of College Station taxes collected = $70,875 (80%) = $56,700
– City of College Station’s Cash Incentive Payment to Viasat in year 1 =
$56,700 total

5. HIRING PRACTICES
One of the many aspects of our company culture that we are very
proud of is our focus on and commitment to diversity. We offer
several educational programs and sponsor a variety of diverse
employee resource groups for current employees. We also
participate in several diversity focused recruitment events. For
example, for the past three years we have offered Windmills
Training for all employees aimed at raising awareness. We have also
sponsored events to include an employee disability volunteer fair
where employees learned about different organizations they can
volunteer with to work with and support people with disabilities and
a parent/family member resource fair for helping loved ones with
disabilities find employment. Our talent acquisition team also
participates in “Jobtoberfest”, a recruiting fair for people with
disabilities.

6. ASSUMPTIONS
• Real & Personal property valuation per Brazos County Appraisal
District is $15,000,000.
• City of College Station Operations & Maintenance Rate is
$0.277161.
• City of Bryan Operations & Maintenance Rate is $0.580585.
• City of College Station’s Total Tax Rate is $0.4725.
• O&M Rate $0.24 per the interlocal agreement with Bryan.