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2016-087
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2016-087
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Last modified
6/14/2016 10:55:46 AM
Creation date
6/14/2016 10:42:09 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
06/07/2016
Control Number
2016-087
Agenda Item Number
12.A.1
Entity Name
Tocqueville Asset Management LP
Subject
Jobs Grant Agreement
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EXHIBIT "B" TO THE JOBS GRANT AGREEMENT <br /> BETWEEN INDIAN RIVER COUNTY & <br /> 1. Target Industry Categories eligible for application: <br /> COMPANY qualifies for the Jobs Grant Program under the"Financial/Professional Services <br /> — Corporate/Regional Headquarters" category. Under the North American Industrial <br /> Classification System (NAICS), COMPANY's activities are classified in the category of <br /> "Portfolio Management", NAICS Code #523920. <br /> II. Employment Commitment: <br /> The COMPANY is receiving this Grant based upon its representation that it will bring the <br /> following employment opportunities to COUNTY: <br /> 1) 0 # of new, full-time employees whose annual wages are between 75% and <br /> 99.9% of Indian River County's average annual wage. <br /> 2) 0 # of new, full-time employees whose annual wages are between 100% and <br /> 149.99% of Indian River County's average annual wage <br /> 3) 25 # of new, full-time employees whose annual wages are 150% or greater of <br /> Indian River County's average annual wage <br /> III. Grant Amount <br /> Category Qualified Jobs Amount per Job Total <br /> 75%of COUNTY average wage 0 $3,000 $0 <br /> 100%of COUNTY average wage 0 $5,000 $0 <br /> 150%of COUNTY average wage 25 $7,000 $175,000 <br /> Sub-Total Grant Amount $175,000 <br /> *The actual amount of the grant will depend upon the actual number ofjobs provided and the salary paid for those jobs. <br /> In no case shall the total amount of the grant exceed$175,000. <br /> BCommunity Development\Users\EDplannr\INCENTIVES R FUNDINGVobs Grant Program\Project Treadstone\Agreement\Project Treadstone Jobs Grant <br /> Agreement-RNAL WITH NAME SHOWN.doc <br /> -12- <br />
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