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2012-101
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Last modified
12/28/2015 1:26:38 PM
Creation date
10/1/2015 4:25:23 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
05/22/2012
Control Number
2012-101
Agenda Item Number
12.A.1
Entity Name
Nylacarb Corporation
Subject
Local Jobs Grant Agreement
Supplemental fields
SmeadsoftID
11172
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EXHIBIT " B " TO THE JOBS GRANT AGREEMENT <br /> BETWEEN INDIAN RIVER COUNTY & NYLACARB CORPORATION (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 " Injection molding machinery for plastic manufacturing" (NAICS <br /> #333220 ) . <br /> IL 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 ) 1 1 # 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 ) N /A # 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 Qualified Jobs Base Grant Amount Per Job Total Grant <br /> 75 % to 99 . 9 % of Indian River 1 1 $ 3 000 $ 33 . 000 <br /> Count Average Annual Ware <br /> 100 % to 149 . 99% of Indian River 1 $ 500 $ 59000 <br /> County Average Annual Wage <br /> 150 % or greater of Indian River <br /> --- - - --- - -- ----- <br /> County Average Annual Ware <br /> Total 12 $38,000 <br /> * The actual amount of the grant will depend upon the actual number ofjobs provided and the salary paid for those jobs . <br /> In no case shall the total amount of the grant exceed $ 38 .000 . <br /> F \ConnnunI DevelopmentAUsers\MplannrAIncentives & FundingUobs Grant I'rograntANylacarbAJobs Grant Agreement. doc <br /> - II - <br />
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