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2011-244
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Last modified
2/18/2016 1:32:43 PM
Creation date
10/1/2015 3:06:54 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/06/2011
Control Number
2011-244
Agenda Item Number
12.A.1
Entity Name
Boston Barricade Company
Subject
Jobs Grant Agreement
Supplemental fields
SmeadsoftID
10398
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EXHIBIT " B " TO THE JOBS GRANT AGREEMENT <br /> BETWEEN INDIAN RIVER COUNTY & BOSTON BARRICADE COMPANY , INC . <br /> (COMPANY) <br /> I . Target Industry Categories eligible for application . <br /> COMPANY qualifies for the jobs grant program under the <br /> Manufacturing/ Warehouse/Distribution Category . Under the 2007 North American <br /> Industrial Classification System (NAICS) , COMPANY ' s activities are classified in <br /> categories such as "Fabricated Metal Products Manufacturing" (NAICS # 332) ", Showcase, <br /> Partition, Shelving , and Locker Manufacturing (NAICS # 337215 ) , and Sign Manufacturing <br /> (NAICS # 339950 ) . <br /> II . Employment Commitment : <br /> The COMPANY is receiving this grant based upon its representation that it will bring the <br /> following employment opportunities to Indian River County : <br /> 1 ) 6 # of new, full -time employees whose annual wage is between 75 % and 99 . 9% <br /> of Indian River County' s average annual wage . <br /> 2) 10 # of new, full-time employees whose annual wage is between 100 % and <br /> 149 . 99 % of Indian River County ' s average annual wage <br /> 3 ) 12 # of new, full -time employees whose annual wage is 150% or greater of <br /> Indian River County ' s average annual wage <br /> III . Grant Amount <br /> Jobs Grant Amount If Company Locates' Within Indian River County <br /> Category ualified Jobs Base Grant Amount Per Job Total Grant <br /> 75 % to 99 . 9 % of Indian River 6 $ 31000 $ 339000 <br /> County Average Annual Wage <br /> 100 % to 149 . 99 % of Indian River 10 $ 51000 $ 65 , 000 <br /> County Average Annual Wage <br /> 150 % or greater of Indian River 12 $ 7 , 000 $28 , 000 <br /> COLInty Average Annual Wage <br /> Total 28 $1269000 <br /> * The actual amount of the grant will depend upon the actual number of jobs provided and the salary paid for those jobs . <br /> In no case shall the total amount of the grant exceed $ 126 , 000 . <br /> FACommunity Development\Users\EDplannr\Incentives & FundingUobs Grant Program\Boston Barricade\Jobs Grant Agreement - Proposed Final . doc <br /> A2 - <br />
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