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ANALYSIS <br />Company <br />Mod Units LLC is a manufacturer of affordable steel -reinforced modular units for the construction <br />of affordable multi -family housing complexes. Mod Units LLC will expand their existing business in <br />Indian River County and will create twenty-four (24) newjobs. All twenty-four (24) of the proposed <br />jobs will meet the minimum annual wage requirements under the Indian River County Local Jobs <br />Grant Program. <br />Due Diligence <br />As part of the process of evaluating Mod Units for participation in the County's Local Jobs Grant <br />Program, County staff and Chamber of Commerce staff conducted research on Mod Units LLC, its <br />officers, and agents. Actions taken as part of this due diligence process included: <br />• Obtaining and evaluating a Dun and Bradstreet credit/financial report for Mod Units; <br />• Conducting a general internet search for Mod Units and its officers using keywords such as, <br />but not limited to, "foreclosure", "lawsuit", "crime", "criminal", 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, Mod Units appears to <br />be financially acceptable and appears not to have significant legal problems among its principals <br />and officers that might raise concerns for providing Mod Units with public funds through the Local <br />Jobs Grant Program. Under the jobs grant program, public funds are expended only after <br />performance is verified (new jobs created at adequate wage levels). <br />Local Jobs Grant Eligibility Review <br />➢ Industry Classification of Business <br />To qualify for the County's Local Job Grant Program, a company must be one of the County's <br />targeted industries. Under the County's target industry list, Mod Units LLC qualifies for the jobs <br />grant program under the "Manufacturing/Warehouse. <br />➢ Job Creation Threshold <br />2 <br />170 <br />