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INMAN DIVER COVNTY <br />AAk J! GRANTP5M' <br />Ap'[' LICA1y _ <br />TO attract MW b s"at» sSa to Wi tc in tMu"ki r County errd to cocourso w4sftbw1lncmm <br />to expand locally. the I loard,of C'owty Covamialaftmithe Coattni ssionj WaWlillmd dw Icat <br />Jolts Grant pro4pilt. 'M' program olTers ell pme ht MM (thosc w"the Cm's " <br />Indiotry 119) financial incentives liar avating new t"1WVW jobomAdAwOm Cly wW <br />tnaintairang 11kW jobsimr, n'<u a0c, yeam <br />Targeted businesses that ctcttte # or tncxrrc" within .. Colinl paging at least 7S% <br />Of the cutR+ait° axcr;e 8M1WWage ate digrGblrt to apply.: l,tbeti 111 /2022, the cvutrtty <br />uses the State's 2020 A rage Amuai Wage aw, isc of$46,289., Qulitliiying businesses will be <br />paid per job in aecolodanco w he tablebelow. An v itional ltd!. bonus is ava all for ► <br />business that locates within the Indian Itiver.ComAyMily of Vero Beach Fnterpriw AM of <br />Gifford. <br />Percent of Average Wage% of New Qualified Jobs <br />Grant Amount per New Job Created <br />75% to 99.99% of county average annual wage <br />100% to 149.99% of county average annual wage <br />$3,000 per Job <br />$5,000 per job <br />150% or more of county average annual wage <br />$7,000 per job <br />Average Annual merge IMIUdes Balmy, bonuses, and commissions (excluding benefits). <br />Local Jobs Grant payments are provided on a per jo'b: basis, with 113" t of the designated payment <br />being made 1 year after the job is in plaM 1 lJ d of *e designated payment being m 2 ,its <br />after the joh is in place, and 1&0 oftic designated payment being made 3 years after the job is in <br />per- <br />AppligMion Review process <br />Generally, the Local Jobs Grant application and award process takes .3043 Vis. i3ccaW dw 1 <br />Grant program is an economic development incentive, jobs provided by a comps ypAw Intl <br />jobs grantapplication review and approval are not eligible and should not be iii W a Local <br />Jobs Grant application. <br />Appikations ate first reviewed simulianwoly by Ow ladimAhwCly Chamber + tee <br />and the Indian River County Commwk DvMop=M Department to verify that the business <br />meets -eligibility criteria and first ft applieallion ins complete. Once that determination is made, the <br />Local Jobs.. Grant' applicratilon is wheduled for. r.oview by the Indian River County Economic <br />Development C (EDC). <br />l <br />173 <br />