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4-224 <br />jg.p\.f. <br />JOBS GRANT AGREEMENT BETWEEN INDIAN RIVER COUNTY <br />AND <br />TRUEAERO,LLC <br />THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT ("Agreement") is made <br />as of the 22nd day of April, 2014 (the "Effective Date") by and between Indian River County, a <br />political subdivision of the State of Florida, by and through its Board of Commissioners, hereinafter <br />referred to as COUNTY, and TrueAero, LLC, a company authorized to do business in the State of <br />Florida, hereinafter referred to as COMPANY. <br />BACKGROUND RECITALS: <br />WHEREAS, it is the policy of COUNTY to stimulate economic growth in Indian River <br />County by either attracting new businesses to Indian River County or by encouraging the expansion <br />of existing businesses within Indian River County; and <br />WHEREAS, the creation of new employment opportunities for residents of Indian River <br />County and the increased tax revenues resulting from such business expansions or relocations within <br />Indian River County is beneficial to the local economy, and <br />WHEREAS, COUNTY has determined that offering a Jobs Grant Program encourages <br />businesses to expand within or new businesses to locate in Indian River County and thereby creates <br />new employment opportunities for the residents of Indian River County; and <br />WHEREAS, Indian River County, through its Board of County Commissioners, has created <br />a local Jobs Grant Program; and <br />WHEREAS, COMPANY currently has 6 full time employees employed within Indian River <br />County, and <br />WHEREAS, COMPANY, in accordance with the county's Jobs Grant Program criteria, will <br />expand its business in Indian River County to create 13 additional full time Jobs which pay at least <br />75% of Indian River County's average annual wage level; and <br />and <br />WHEREAS, COUNTY has determined that COMPANY is eligible to receive a Jobs Grant; <br />WHEREAS, COMPANY acknowledges that this Agreement shall be based upon <br />compliance with County jobs grant program requirements and, <br />WHEREAS, COUNTY finds and declares that it is in the public interest to award a Jobs <br />Grant to COMPANY pursuant to the terms of this Agreement. <br />• <br />