ST. LUCIE COUNTY JOB GROWTH INVESTMENT GRANT (JGIG ...

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Target Industry ListMANUFACTURING FACILITIESChemical ManufacturingPharmaceutical ManufacturingComputer & Electronic Product Mfg.Computer & Electronic Component MfgElectromedical Apparatus Mfg.Laser ManufacturingSoftware ReproducingTransportation Equipment ManufacturingAviation & Aerospace ManufacturingMachinery ManufacturingInstruments for Measuring & Testing Elec.Lens ManufacturingPower Distribution, Generation & TechnologyElectrical Equipment ManufacturingAppliance Component ManufacturingFiber Optic Cable ManufacturingSurgical & Medical Instrument Mfg.Food & Beverage Products ManufacturingWood & Paper Product ManufacturingPrinting & Related Support ActivitiesAquacultureBoat and Allied Products MfgFINANCE & INSURANCE SERVICESFunds, Trust & Other Financial VehiclesINFORMATION INDUSTRIESFilm, Video/Electronic Media ProductionInformation Services & Data ProcessingData Processing ServicesSoftware PublishingMusic PublishingTelecommunicationsSatellite CommunicationsCLEAN ENERGYSolar EnergyBiomass Energy and BiofuelsFuel Cell and Hydrogen TechnologiesOcean EnergyOther RenewablesPROFESSIONAL, SCIENTIFIC &TECHNICAL SERVICESProfessional, Scientific & TechnicalComputer Programming/SoftwareComputer System DesignManagement, Scientific & Tech ServicesResearch & DevelopmentScientific & Technical Consulting SvcSimulation TrainingTesting LaboratoriesBio-Medical & Bio-ScienceNano TechnologyMANAGEMENT & DISTRIBUTIONManagement ServicesNational, International & Regional HeadqtrsDistribution CentersADMINISTRATIVE & SUPPORTSERVICESTechnical SupportOther industries may be considered by the Boardof County Commissioners if the company canimprove the quality of life within the community bycreating new jobs and/or high wage jobs.G:economic/JGIG/agreement(insert grant/project name)(insert print date/ note draft # or final)final template approved to be approved 3.10.2009 Page 4
2. Expansion/relocation that will create ten or more new jobs, paying (an average of) atleast 107% of St. Lucie County's Private Sector average salary/wage level. A loweraverage wage may be accepted by the Board of County Commissioners if the impact isoff-set by the number of new jobs created or by a large capital investment into thecommunity or the industry addresses a special need of the community.3. The total direct economic impact of the project to the County including the number, type,and quality of the jobs, including benefits offered, capital investment which will beproduced in the County during the construction of the project and thereafter.III.Grant Limits:1. The maximum for grant award is $3,075 per new-job created; larger per job awards,subject to Board approval, are possible for those companies meeting additional BonusCriteria.2. The maximum grant award is $1,500,000, including any applicable bonuses, with theflexibility to increase the cap for outstanding projects upon recommendation of theProgram Administrator, the Review Committee and approval by the Board, but in nocase should a JGIG exceed $1,500,000.3. Unless otherwise determined by the Board, the grant award shall be phased in asfollows:Grant awards equal to or less than $50,000:(a) Year 1 - 50% of grant(b) Year 2 - 50% of grantGrant Awards for more than $50,000:(a)no more than 20% of the total grant award per annumAll grant awards shall be distributed within 45 days of March 31 st or September 30 th ofthe year following the first annual report that certifies compliance outlined in the jobcreation requirements of the JGIG Grant award.4. Bonuses may allow a company to reach the maximum award cap with Board of CountyCommissioners approval. The grant award amount will be calculated at a base rate of$1500 per job award amount plus bonuses, if applicable. Established bonus criteria asfollows (except as provided in section III, paragraph 2):(a) JOBS CREATED PERCENT OF BONUS50-99 +20%100-199 +30%200+ +35%These new jobs will be phased in on the following schedule;Year One after Effective Date __% or a minimum of ____ jobsYear Two after Effective Date __% or a minimum of ____ jobsG:economic/JGIG/agreement(insert grant/project name)(insert print date/ note draft # or final)final template approved to be approved 3.10.2009 Page 5
Page 1 and 2: ST. LUCIE COUNTYJOB GROWTH INVESTME
Page 3: JOB GROWTH INVESTMENT GRANT (JGIG)P
Page 7 and 8: JGIG-0_-___ST. LUCIE COUNTY JOB GRO
Page 9 and 10: products, development of new scient
Page 11 and 12: shall have the right to file a repo
Page 13 and 14: circumstances other than those to w
Page 15 and 16: Exhibit ATo the Job Growth Investme
Page 17 and 18: 90% or more local hires - St. Lucie
Page 19: Exhibit CTo the Job Growth Investme

ST. LUCIE COUNTY JOB GROWTH INVESTMENT GRANT (JGIG ...

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