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Jobs Grant Program, County staff and Chamber of Commerce staff conducted research on Marotech USA, 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 Marotech USA, Inc.; • Conducting a general internet search for Marotech USA, Inc. 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, Marotech USA, Inc. appears to be financially acceptable and appears not to have significant legal problems among its principals and officers that might raise concerns for providing Marotech USA, Inc. 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 Eligibility Review ➢ Industry Classification of Business To qualify for the County's Local Job Grant Program, a company must be in one of the county's targeted industries. Under the County's target industry list, Marotech USA, Inc. qualifies for the jobs grant program under the "Manufacturing/Warehouse/Distribution." ➢ Job Creation Threshold As structured, the county's jobs grant program provides $3,000 for each new position created that pays from 75% to 99.99% of the County's average annual wage; $5,000 for each new position created that pays from 100% to 149.99% of the County's average annual wage; and $7,000 for each new position created that pays 150% or more of the County's average annual wage. Currently, the County's average annual wage is $50,454. It is anticipated that Marotech USA, Inc. will create 10 new jobs in Indian River County, and all 10 of the proposed jobs will meet the minimum job grant qualification of having wages that are above 75% of the County's average annual wage ($37,840.50). Grant Calculation The following table indicates the number of proposed jobs in each wage category, the amount of