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Local Jobs Grant Program <br />• Financial incentives for "Targeted Industries" to locate or expand <br />within Indian River County — Policy 2 5 <br />• $3,000 for each new job that pays 75% to 99.99% of County <br />average annual wage ($28,412 to $37,881) <br />• $5,000 for each new job that pays 100% to 149.99% of County <br />average annual wage ($37,882 to $56,822) <br />• $7,000 for each new job that pays 150% or more of County average <br />annual wage ($56,823). <br />• Paid out in installments over 3 years, after new job in place ("pay for <br />performance") <br />-Target Industry Classification <br />• Project Treadstone is in the Financial Services Industry <br />• Applicant qualifies for the jobs grant program under the County's <br />"Financial/Professional Services — Corporate/Regional Headquarters" <br />Target Industry Category <br />• Location will be in Indian River County — Specific site is yet to be <br />determined <br />111-2 <br />