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12. DEPARTMENTAL MATTERS <br />12.A. COMMUNITY DEVELOPMENT <br />12.A.1. CONSIDERATION OF ALGAGEN LLC'S REQUEST FOR A LOCAL JOBS <br />GRANT <br />(Clerk's Note: Items 12.A.1. and 12.A.2. were heard following the Consent Agenda and <br />are placed here for continuity.) <br />Helene Caseltine, Economic Development Director for the Indian River County <br />Chamber of Commerce, voiced support for the two applications for Jobs Grants - AlgaGen LLC <br />and Eureka Growth Capital. <br />Bill Cox, AlgaGen Representative, provided a PowerPoint Presentation (on file) to <br />outline the company's goals and objectives. He said that AlgaGen has been in business for eight <br />years, wants to expand their market, hire ten new employees, and is Florida's only bulk plankton <br />producer. He spoke about the products his company grows and produces, the history of the <br />company, the Florida market, and moving forward. <br />Director Keating provided the specifics of the company, the new jobs that would be <br />created, and how the grant money would be paid. <br />The Commissioners voiced their support for AlgaGen and the Jobs Grants. <br />MOTION was made by Commissioner Flescher, <br />SECONDED by Commissioner Davis, to approve staff's <br />recommendation. <br />29 <br />August 17, 2010 <br />