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2017-146
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2017-146
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Last modified
10/10/2017 2:31:15 PM
Creation date
10/6/2017 1:13:44 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/03/2017
Control Number
2017-146
Agenda Item Number
12.A.1.
Entity Name
ACS Financial LLC
Subject
Jobs Grant Agreement
Area
Tax Resolution Service
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EXHIBIT "B" TO THE JOBS GRANT AGREEMENT <br /> BETWEEN INDIAN RIVER COUNTY & ACS FINANCIAL LLC <br /> I. 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 /> "Finance and Insurance—Administrative Management and General Management Consulting <br /> Services",NAICS Code #541611. <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) 16 # 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) 5 # 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) 9 # 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 16 $3,000 $48,000 <br /> 100%of COUNTY average wage 5 $5,000 $25,000 <br /> 150%of COUNTY average wage 9 $7,000 $63,000 <br /> Sub-Total Grant Amount $136,000 <br /> *The actual amount of the grant will depend upon the actual number of jobs provided and the salary paid for those jobs. <br /> In no case shall the total amount of the grant exceed$136,000. <br /> F'\Community Development\Users\EDplannr\INCENTIVES&FUNDING\JOBS GRANT PROGRAM\ACTIVE JOBS GRANTS\Confidential Company 2017- <br /> 2\Agreement\Proposed Jobs Grant Agreement-Name Included.doc <br /> -12- <br />
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