Laserfiche WebLink
JOBS GRANT AGREEMENT BETWEEN INDIAN RIVER COUNTY <br /> AND <br /> TREASURE COAST DIAGNOSTIC LABORATORY, INC. <br /> THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT ("Agreement") is made as of thel4th <br /> day of January 2025 (the "Effective Date") by and between Indian River County, a political subdivision <br /> of the State of Florida, by and through its Board of Commissioners, hereinafter referred to as COUNTY, <br /> and Treasure Coast Diagnostic Laboratory Inc. a Florida for profit corporation, hereinafter referred to <br /> as COMPANY. <br /> BACKGROUND RECITALS: <br /> WHEREAS, it is the policy of COUNTY to stimulate economic growth in COUNTY by either <br /> attracting new businesses to COUNTY or by encouraging the expansion of existing businesses within <br /> COUNTY; and <br /> WHEREAS, the creation of new employment opportunities for residents of COUNTY and the <br /> increased tax revenues resulting from such business expansions or relocations within COUNTY is <br /> beneficial to the local economy; and <br /> WHEREAS, COUNTY has determined that offering a Jobs Grant Program encourages businesses <br /> to expand within or new businesses to locate in COUNTY and thereby creates new employment <br /> opportunities for the residents of COUNTY; and <br /> WHEREAS, COUNTY, through its Board of County Commissioners, has created a local Jobs Grant <br /> Program; and <br /> WHEREAS, COMPANY, in accordance with the COUNTY's Jobs Grant Program criteria, is an <br /> existing business that will expand its business into the COUNTY to create 5 additional full-time jobs <br /> which pay at least 75% of COUNTY's average annual wage level; and <br /> WHEREAS, COUNTY has determined that COMPANY is eligible to receive a Jobs Grant; and <br /> WHEREAS, COMPANY acknowledges that this Agreement shall be based upon compliance with <br /> COUNTY Jobs Grant Program requirements; and, <br /> WHEREAS, COUNTY finds and declares that it is in the public interest to award a Jobs Grant to <br /> COMPANY pursuant to the terms of this Agreement. <br /> NOW, THEREFORE, in consideration of the premises and mutual covenants hereinafter <br /> contained, the parties do agree as follows: <br /> 1. Definitions. As used in this Agreement, the following terms shall mean: <br /> a. "Adjacent Counties" means Brevard, Osceola, St. Lucie, Okeechobee, and Martin <br /> Counties. <br /> -1- <br />