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Carolyn Corum, Dolores Street, sought and received information regarding where the <br />Grant money was coming from. <br />The Chairman CALLED THE QUESTION and the <br />Motion carried. The Board unanimously approved a Local <br />Jobs Grant of up to $36,000 for AlgaGen LLC, and <br />authorized the Chairman to execute the Jobs Grant <br />Agreement same after approval of the Agreement by <br />appropriate County staff and the County Attorney's office, <br />as recommended in the memorandum of August 3, 2010. <br />AGREEMENT ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />12.A.2. CONSIDERATION OF EUREKA GROWTH CAPITAL'S REQUEST FOR A <br />LOCAL JOBS GRANT <br />Helene Caseltine introduced Eureka Growth Capital. She stated that the new company is <br />a computer network monitoring and software development company that is currently looking at <br />several locations in Florida, and that they would create 57 new jobs. <br />Tim Keithahn, Chief Financial Officer for Eureka Growth Capital, briefly described his <br />company and the technology opportunities the company would bring if it were to locate in Indian <br />River County. <br />Director Keating described the details of the jobs grant, the constraints on naming the <br />company at this time, the formation of the company, the jobs it would generate, and how the <br />Grant money would be paid. <br />30 <br />August 17, 2010 <br />