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Due to the significant variance in infrastructure improvement needs for individual sites, it is <br /> difficult to estimate the countywide impact of this incentive whether implemented in the <br /> Enterprise Zone only or on a countywide basis. Furthermore, the cost would also depend upon <br /> the number of applicants applying for this incentive. Please see the table above for the impact <br /> that this incentive would have generated for each of the three local jobs grant applicants. <br /> 6. Modify Jobs Grant Program to Increase the Bonus for Jobs Created in the <br /> Enterprise Zone <br /> The County currently grants a 10% "bonus" for jobs created in the Enterprise Zone. The <br /> proposal is to increase this bonus to a higher amount ranging from 20% to 50%. The County has <br /> had one applicant for the local jobs grant within the Enterprise Zone—Girard Equipment Inc. In <br /> 2011, Girard received approval for a jobs grant covering an estimated 20 additional jobs. Girard <br /> received a $77,000 local jobs grant, which included $7,000 for the 10% Enterprise Zone <br /> "bonus". The applicant would have been eligible for an additional bonus ranging from $7,000 to <br /> $28,000 based upon the proposed bonus of 20% to 50%. Thus, the countywide impact for this <br /> increased incentive would have been $7,000 to $28,000 over the last four years within the <br /> Enterprise Zone. The additional bonus would not necessarily apply to the countywide <br /> implementation scenario as that would be more appropriately handled by simply increasing the <br /> local job grant amounts. It should be noted that the County has provided local job grants totaling <br /> $2,483,000 to fourteen (14) employers representing an estimated 376 additional jobs since 2009. <br /> The EZDA consensus was to recommend approval of this proposed incentive. <br /> Please see the table below for the impact that this incentive would have generated for each of the <br /> three local jobs grant applicants. While the job grant applicants are not located in the Enterprise <br /> Zone, it was assumed that they were for the purposes of this analysis in order to be eligible for <br /> the Enterprise Zone jobs grant"bonus". <br /> 6.Jobs <br /> Estimated <br /> Additional <br /> Company Name Incentive Comments/Notes <br /> Based upon a 50%bonus for the EZ <br /> INEOS New Planet BioEnergy LLC $124,000 compared to the current 10%. A 20% <br /> bonus would provide $31,000. <br /> Based upon a 50% bonus for the EZ <br /> SpectorSoft Corporation $83,200 compared to the current 10%. A 20% <br /> bonus would provide $20,800. <br /> Based upon a 50% bonus for the EZ <br /> Communications International Inc. $27,200 compared to the current 10%. A 20% <br /> bonus would provide $6,800. <br /> Total $234,400 <br /> 7. Waive or Subsidize the Local Business Tax Receipt for a Limited Period of Time. <br /> All businesses pay this tax of $40 per year. The proposal is to waive or subsidize this tax for <br /> new businesses for a limited period of time—perhaps three (3) to five (5) years. Initially, the <br /> proposal was to cover the Enterprise Zone. It is important to point out that the County only <br /> 118 <br />