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Possible New Incentives for the Enterprise Zone Analysis of Potential Costs for Previous Local Jobs Grant Recipients ompany Name Communications Comments/Notes Int'I. Estimated New Jobs (full-time) 12 Expansion of existing business in County Current Incentives Available/Previously Provided Existing Incentive/ Funding Agency Estimated Cost Comments/Notes Local Jobs Grant (County) $68,000 Total Current Incentives Available/Previously Provided $68,000 Possible New Incentives-Estimated Impact Item # Description Estimated Cost Comments/Notes 1 Subsidize County Impact Fees $0 Company continued to use existing facilities, so no impact fees were paid. Finance Impact Fees on More Company continued to use existing facilities, so no 2 Favorable Terms $0 impact fees were paid. Therefore, no savings from financing impact fees 3 Waive or Subsidize Development $0 Company continued to use existing facilities, so no Fees development fees were paid. 4 Subsidize Water& Sewer $0 Company continued to use existing facilities, so no Connection Charges water connection fees were paid. Infrastructure Improvement No known infrastructure improvements were S Program $0 funded by the employer that would have been _ applicable to this incentive. Increase Bonus in Local Jobs This is based upon a 50% bonus for the EZ 6 Grant Program for Enterprise $27,200 compared to the current 10%. A 20% bonus would Zone Jobs cost$6,800. Waive Local Business Tax for This estimated assumes a 5-year period. A 3-year _ 7 _Limited Period $200 _waiver would equal $120 ($40/yr.) Waive Franchise Fees in Based upon estimated electric consumption for a 8 Enterprise Zone $6,861 10,000 sq. ft. office building for 5 years Total Possible New Incentives $34,261 F:\Budget\Jason\Economic Development\Enterprise Zone Additional Incentiv2'Xn31RS f 1t.XIsX 21/21