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State Qualified Target Industry (QTI) <br />Refund Program <br />Applicant also applying for this from State of Florida <br />• Program pays between $3,000 and $8,000 per eligible job <br />• Requires a 20% local match <br />• Local match from County's Local Jobs Grant Program paid <br />to State, State provides QTI payments to applicant <br />• Reduces local jobs grant payments made to applicant, but <br />increases overall benefit paid (QTI + Local Jobs Grant) <br />• QTI Requires Board of County Commissioners to adopt <br />resolution of support <br />RECOMMENDATION <br />EDC (by consensus) and staff recommend that the Board of County <br />Commissioners: <br />1. Approve a local jobs grant of up to $175,000 for Project Treadstone <br />2. Authorize chairman to sign the Jobs Grant Agreement with the entity <br />referred to as "Project Treadstone" <br />Authorize the chairman to sign the resolution of support for the entity's <br />state QTI application <br />