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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 />Payout Amount <br />Per Job <br />Qualification Category <br />Wage Range <br />$3,000 <br />75% of county average wage <br />$29,542 to $39,389 <br />$5,000 <br />100% of county average wage <br />$39,390 to $59,084 <br />$7,000 <br />150% of county average wage <br />>/= $59,085 <br />• Paid out in installments over 3 years, after new job in place ("pay for <br />performance") <br />Target Industry Classification <br />• Applicant Company 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 />r <br />