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2011-227
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2011-227
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Last modified
2/18/2016 10:24:00 AM
Creation date
10/1/2015 3:00:02 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/01/2011
Control Number
2011-227
Agenda Item Number
12.A.1
Entity Name
Girard Equipment Inc.
Subject
Local Jobs Grant
Alternate Name
Girard Industries, Inc.
Supplemental fields
SmeadsoftID
10312
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k: <br /> EXHIBIT " B " TO THE JOBS GRANT AGREEMENT <br /> BETWEEN INDIAN RIVER COUNTY & Girard Equipment, Inc . (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 " Fabricated Metal Products Manufacturing " (NAICS # 332 ) " and Industrial <br /> Supplies Merchant Wholesalers (NAICS 9423840 ) . NAICS 9332 includes Industrial Valve <br /> Manufacturing , Metal Valve Manufacturing, Fluid Power Valve and Hose Fitting <br /> Manufacturing , Plumbing Fixture Fitting and Trim Manufacturing , and Other Metal Valve <br /> and Pipe Fitting Manufacturing . NAICS 9423840 includes valves merchant wholesalers . <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 ) 17 # of new , full - time employees whose annual wage is between 75 % and <br /> 99 . 9 % of Indian River County ' s average annual wage . <br /> 2 )1 # 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 )2 4 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 and Outside of <br /> Vero Beach/Indian River County Enterprise Zone <br /> Category ualified Jobs Base Grant Amount Per Job Total Grant <br /> 75 % to 99 . 9 % of Indian River17 $ 3 , 000 $ 51 , 000 <br /> County Average Annual Wage <br /> 100 % to 149 . 99 % of Indian River 1 $ 5 , 000 $ 5 , 000 <br /> Count Average Annual Wage <br /> 150 % or greater of Indian River 2 $ 7 , 000 $ 7 , 000 <br /> Count Average Annual Wage <br /> Total 20 $ 704000 * <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 $ 70, 000 if COMPANY locates within Indian River County but <br /> outside of the City of Vero Beach /Indian River County Enterprise Zone. <br /> - 12 - <br />
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