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Possible New Incentives for the Enterprise Zone <br /> Analysis of Potential Costs for Previous Local Jobs Grant Recipients <br /> SpectorSoft Comments/Notes <br /> ompany Name Corporation <br /> Estimated New Jobs (full-time) 34 <br /> Current Incentives Available/Previously Provided <br /> Existing Incentive/Funding Agency Estimated Cost Comments/Notes <br /> Local Jobs Grant (County) $208,000 <br /> Total Current Incentives $208,000 <br /> Available/Previously Provided <br /> Possible-New Incentives=Estimated-Impact <br /> Item # Description Estimated Cost Comments/Notes <br /> Company leases office space, so no impact fees <br /> 1 Subsidize County Impact Fees $0 were paid. <br /> Company leases office space, so no impact fees <br /> Finance Impact Fees on More $0 were paid, therefore, no savings would be realized <br /> 2 Favorable Terms <br /> through financing fees. <br /> Waive or Subsidize Development $0 Company leases office space, so no development <br /> 3 Fees fees were paid. <br /> Subsidize Water& Sewer Service fee of$25. No meter install fee charged as <br /> 4 $25 company leased in existing building. <br /> Connection Charges <br /> — No known infrastructure improvements were <br /> Infrastructure Improvement $0 funded by the employer that would have been <br /> 5 <br /> Program g applicable to this incentive. <br /> Increase Bonus in Local Jobs This is based upon a 50% bonus for the EZ <br /> 6 Grant Program for Enterprise $83,200 compared to the current 10%. A 20% bonus would <br /> Zone Jobs cost$20,800. <br /> Waive Local Business Tax for This estimated assumes a 5-year period. A 3-year <br /> $200 waiver would equal $120 ($40/yr.) <br /> Limited Period __ __ - <br /> Waive Franchise Fees in Based upon estimated electric consumption for a <br /> 8 $6,861 10,000 sq. ft. office building for 5 years <br /> Enterprise Zone <br /> Total Possible New Incentives $90,286 <br /> v <br /> F:\Budget\Jason\Economic Development\Enterprise Zone Additional Incentiv n I I .xlsx <br />