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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 />Current Wage Range <br />$35000 <br />75% of county average wage <br />$29,542 to $39,389 <br />$500 <br />100% of county average wage <br />$39,390 to $59,084 <br />$700 <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 />• Up to 3 Phases (3 separate 3 year time periods tracked) <br />