April 16, 2012 - Cabarrus County

B. The award of a Grant is designed to increase employment opportunities within theCounty as well as to increase the assessed valuation of the County The BOC mayconsider a number of factors when deliberating upon whether to award a Grant. Thisrecognizes the great variety of businesses, which have widely different capital andemployment structures and needs. The factors that may be considered include but arenot limited to the following:1. The type of industry or business as a further diversification of Cabarrus County'sbusiness base;2. The size and scope of the project based upon investment in site development, facilities,buildings and other business infrastructure inclusive of technology;3. The diversity, quality and quantity of jobs created by a project, including whether theindustry or business provides companypaid benefits such as healthcare, vacation andpensions and the degree to which wages exceed the county average;4. The potential for future expansion of investment and employment;5. Site specific issues impacting public infrastructure;6. Actions that if pursued, stimulate development in areas of Cabarrus County deemedbeneficial;7. The ratio of investment in real versus personal property assets;8. The environmental impact of the project. This may include such elements as wasterecycling programs, energy efficient (or LEED) design, conservation easements, thedegree to which the natural landscape and topography are disturbed, waterconservation programs and the use and/or production of alternative (nonfossil fuel)energy.9. The type of product produced (as well as the production process itself) or sold andwhether it is recyclable, noxious, volatile, controversial, hazardous, banned by othergovernments or countries, lethal or otherwise dangerous.Section 3. PROJECT CATEGORIES, GRANT PARAMETERS AND ELIGIBILTY1. Eligible Uses. Eligible uses include, but are not limited to, agricultural operations;facilities to house corporate headquarters; manufacturing, assembly, fabrication orprocessing operations; research and development facilities; motorsports facilities;warehouse or distribution facilities; and office buildings. The applicant mustdemonstrate to the satisfaction of the BOC that it would not construct these facilitiesbut for the award of a Grant.2. Grant Parameters. A Grant approved by the BOC may be an amount equaling up to85% of the real and personal property tax actually paid on assets eligible for thisProgram. The minimum incremental increase in assessed value of assets shall be $1.5million, except in those cases where the Grant is used to encourage the development orhelp ensure the success of certain targeted businesses and/or geographic areas, wherethe threshold shall be at the discretion of the Board of Commissioners.Attachment number 3G-1Page 146