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04/23/2024
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04/23/2024
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Last modified
7/22/2024 3:27:33 PM
Creation date
5/16/2024 2:48:31 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/23/2024
Meeting Body
Board of County Commissioners
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EXHIBIT "B" TO THE JOBS GRANT AGREEMENT <br />BETWEEN INDIAN RIVER COUNTY & MOD UNITS, LLC <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 />"Prefabricated Metal Building and Component Manufacturing", NAICS Code #332311. <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) 0 # 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) 20 # 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) 4 # 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 />0 <br />$3,000 <br />$0 <br />100% of county average wage <br />20 <br />$5,000 <br />$100,000 <br />150% of county average wage <br />4 <br />$7,000 <br />$28,000 <br />Sub -Total Grant Amount <br />$128,000 <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 $128,000. As noted in the agreement, incremental <br />payments will be made for qualified jobs based upon phase dates and actual company performance in meeting local <br />jobs grant requirements. <br />S[1 <br />U_IVIIIIL[41:1► I401WA <br />193 <br />
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