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Board of County Commissioners Meeting Minutes - Final January 14, 2025 <br />13.1.1. 25-0161 Consideration of Treasure Coast Diagnostic Laboratory, Inc.'s Request for a <br />Local Jobs Grant <br />Recommended Action: Staff and the Economic Development Council recommends that the Board of <br />County Commissioners: 1. Approve a local job grant of up to $27,000.00 for <br />Treasure Coast Diagnostic Laboratory, Inc. 2. Authorize the Chair to sign the <br />Jobs Grant Agreement for Treasure Coast Diagnostic Laboratory Inc. after <br />approval of the agreement by appropriate county staff and the county attorney's <br />office (draft agreement included). <br />Attachments: Staff Report <br />Jobs Grant Application <br />Draft Jobs Grant Aqmt TC Diagnostic Lab, Inc. <br />Planning and Development Services Director Chris Balter used a PowerPoint <br />presentation to outline a grant application for Treasure Coast Diagnostic <br />Laboratory Inc., which was seeking local job creation incentives in Indian River <br />County. The grant proposal included financial awards of $3,000, $5,000, and <br />$7,000 based on the percentage of the County's average wage for the jobs <br />created. The laboratory, which would be located in Vero Beach and classified in <br />the Life Sciences Industry, requested a total of $27,000 to support the creation of <br />seven jobs. These jobs were planned to be established in two phases, with five <br />jobs anticipated in 2024 for a total of $19,000 and an additional two jobs by <br />January 15, 2025, amounting to $8,000. Payments from the grant would be made <br />in two installments of $13,500 each, distributed after the jobs had been in place <br />for one year, covering fiscal years 2025-26 and 2026-27. The Economic <br />Development Council recommended unanimous approval of this grant application. <br />Economic Development Director at Indian River County Chamber of Commerce <br />Helene Caseltine stated that Treasure Coast Diagnostic Laboratory was expected <br />to make official employee offers soon, in collaboration with CareerSource <br />Research Coast. While discussions had taken place, no offers had been made. <br />Ms. Caseltine emphasized that, despite its small size, the company would have a <br />significant economic impact, contributing to the local economy and benefiting <br />businesses. <br />A motion was made by Commissioner Adams, seconded by Commissioner <br />Moss, to approve staffs recommendation. The motion carried by the <br />following vote: <br />Aye: 5- Chairman Flescher, Vice Chairman Loar, Commissioner Adams, Commissioner <br />Earman, and Commissioner Moss <br />J. Public Works <br />Indian River County, Florida Page 14 <br />