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ANALYSIS Company Kessel Medical, Inc is a medical device manufacturer specializing in in vitro diagnostics and neurosurgical implants. The company was founded in 2021 and currently manufactures permanent implants used in the repair of severed (peripheral) nerves (FDA cleared device) as well as wearable sensors for the detection of sleep apnea in support of ongoing clinical studies. Kessel Medical, Inc will expand their existing business in Indian River County and will create twenty (20) new jobs. All twenty (20) of the proposed jobs meet the minimum annual wage requirements under the Indian River County Local Jobs Grant Program. Due Diligence As part of the process of evaluating Kessel Medical for participation in the County's Local Jobs Grant Program, County staff and Chamber of Commerce staff conducted research on Kessel Medical, Inc., its officers, and agents. Actions taken as part of this due diligence process included: • Obtaining and evaluating a Dun and Bradstreet credit/financial report for Kessel Medical • Conducting a general internet search for Kessel Medical. and its officers using key words such as but not limited to "foreclosure" "lawsuit" "crime" "criminal" and "defendant"; • Checking the Florida Department of State Division of Corporations website for corporate registrations and liens; • Searching County official records for tax liens, judgments, and pending litigation; • Using Public Access to Court Electronic Records (PACER) to search for federal civil and federal bankruptcy actions; and • Other searches as needed Staff focused its due diligence research on the main sources of data readily available. Based upon that research and an evaluation by the Chamber's project review committee, Kessel Medical appears to be financially acceptable and appears not to have significant legal problems among its principals and officers that might raise concerns for providing Kessel Medical with public funds through the Local Jobs Grant Program. Under the jobs grant program, public funds are expended only after performance is verified (new jobs created at adequate wage levels). Local Jobs Grant Eli ig bili Review ➢ Industry Classification of Business To qualify for the County's Local Job Grant Program, a company must be one of the county's targeted industries. Under the County's target industry list, Kessel Medical, Inc. qualifies for the jobs grant program under the "Manufacturing/Warehouse/Distribution — Surgical Appliance and 78