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JOBS GRANT AGREEMENT BETWEEN INDIAN RIVER COUNTY <br />AND <br />THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT ("Agreement") is made <br />as of the 7"' day of June, 2016 (the "Effective Date") by and between Indian River County, a political <br />subdivision of the State of Florida, b and throu its Board of Commissioners, hereinafter referred <br />to as COUNTY, and , a company authorized to do business in the <br />State of Florida, hereinafter referred to as COMPANY. <br />BACKGROUND RECITALS: <br />WHEREAS, it is the policy of COUNTY to stimulate economic growth in COUNTY by <br />either attracting new businesses to COUNTY or by encouraging the expansion of existing businesses <br />within COUNTY; and <br />WHEREAS, the creation of new employment opportunities for residents of COUNTY and <br />the increased tax revenues resulting from such business expansions or relocations within COUNTY <br />is beneficial to the local economy; and <br />WHEREAS, COUNTY has determined that offering a Jobs Grant Program encourages <br />businesses to expand within or new businesses to locate in COUNTY and thereby creates new <br />employment opportunities for the residents of COUNTY; and <br />WHEREAS, COUNTY, through its Board of County Commissioners, has created a local <br />Jobs Grant Program; and <br />WHEREAS, COMPANY, in accordance with the COUNTY's Jobs Grant Program criteria, <br />will expand its business in COUNTY to create 25 additional full time jobs which pay at least 75% of <br />COUNTY's average annual wage level; and <br />WHEREAS, COUNTY has determined that COMPANY is eligible to receive a Jobs Grant; <br />and <br />WHEREAS, COMPANY acknowledges that this Agreement shall be based upon <br />compliance with COUNTY Jobs Grant Program requirements; and, <br />WHEREAS, COUNTY finds and declares that it is in the public interest to award a Jobs <br />Grant to COMPANY pursuant to the terms of this Agreement. <br />NOW, THEREFORE, in consideration of the premises and mutual covenants hereinafter <br />contained, the parties do agree as follows: <br />Definitions. As used in this Agreement, the following terms shall mean: <br />-1- <br />Attachment 2 <br />94 <br />