Laserfiche WebLink
members present was to recommend that the Board of County Commissioners approve the proposed <br />jobs grant. <br />The BCC must now consider approving the proposed jobs grant of up to $150,000. <br />ANALYSIS <br />Company <br />Diamond Drinks of Florida, Inc. is planning to expand in Indian River County and create 50 new <br />jobs at 7355 91h Street SW, Vero Beach FL 32968. All fifty of the proposed jobs meet the minimum <br />annual wage requirements under the Indian River County Local Jobs Grant Program. <br />Due Diligence <br />As part of the process of evaluating Diamond Drinks of Florida, Inc. for participation in the County's <br />Local Jobs Grant Program, County staff and Chamber of Commerce staff conducted research on <br />Diamond Drinks of Florida, Inc., its officers, and agents. Actions taken as part of this due diligence <br />,process included: <br />• Obtaining and evaluating a Dun and Bradstreet credit/financial report for Diamond Drinks of <br />Florida, Inc.; <br />• Conducting a general internet search for Diamond Drinks of Florida, Inc. and its officers <br />using key words such as, but not limited to, "foreclosure", "lawsuit", "crime", "criminal", <br />and "defendant"; <br />• Checking the Florida Department of State Division of Corporations website for corporate <br />registrations and liens; <br />• Searching County official records for tax liens, judgments, and pending litigation; <br />• Using Public Access to Court Electronic Records (PACER) to search for federal civil and <br />federal bankruptcy actions; and <br />• Other searches as needed <br />Staff focused its due diligence research on the main sources of data readily available. Based upon <br />that research and an evaluation by the Chamber's project review committee, Diamond Drinks of <br />Florida, Inc. appears to be financially acceptable and appears not to have significant legal problems <br />among its principals and officers that might raise concerns for providing Diamond Drinks of Florida, <br />Inc. with public funds through the Local Jobs Grant Program. Under the jobs grant program, public <br />funds are expended only after performance is verified (new jobs created at adequate wage levels). <br />Local Jobs Grant Eligibility Review <br />➢ Industry Classification of Business <br />2 <br />46 <br />