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2022-107
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Last modified
7/13/2022 3:12:12 PM
Creation date
6/24/2022 12:18:49 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
06/07/2022
Control Number
2022-107
Agenda Item Number
12.A.1.
Entity Name
Lemnature Aquafarms USA, Inc.
Subject
Local Job Grant Agreement
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EXHIBIT "B" TO THE JOBS GRANT AGREEMENT <br />BETWEEN INDIAN RIVER COUNTY & LEMNATURE AQUAFARMS USA, INC <br />I. Target Industry Categories eligible for application: <br />COMPANY qualifies for the Jobs Grant Program under the <br />"Manufacturing/Warehouse/Distribution" category. Under the North American Industrial <br />Classification System (NAICS), COMPANY's activities are classified in the category of <br />"Beverage Manufacturing", NAICS Code #3121. <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) 23 # 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) 15 # 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) 8 # of new, full-time employees whose annual wages are 150% or greater of <br />Indian River County's average annual wage <br />III. Maximum Potential Grant Amount <br />Category <br />Qualified Jobs <br />Amount per Job <br />Total <br />75% of county average wage <br />23 <br />$3,000 <br />$69,000 <br />100% of county average wage <br />15 <br />$5,000 <br />$75,000 <br />150% of county average wage <br />8 <br />$7,000 <br />$56,000 <br />Sub -Total Grant Amount <br />$200,000 <br />*The actual amount of the grant will depend upon the actual number of jobs provided and the salary paid for those <br />jobs. In no case shall the total amount of the grant exceed $200,000. As noted in the agreement, incremental payments <br />will be made for qualified jobs based upon phase dates and actual company performance in meeting local jobs grant <br />requirements. <br />FXommunity Development\Users\EDplannr\INCENTIVES & FUNDINGUOBS GRANT PROGRAWACTIVE JOBS GRANTS\Project Green\Approved Jobs <br />Grant Agreement - Lemnature.docx <br />-13- <br />
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