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• 11.A. COUNTY LOCAL JOBS GRANT PROGRAM - REQUEST TO MODIFY The Board reviewed a Memorandum of October 16, 2000: TO: James E. Chandler; County Administrator N HEAD CONCURRENCE Robert M. Keating, AICP; ommr�evelopment Director THROUGH: Sasan Rohani, AICP; Chief, Long --Range Planning S 4 FROM: Peter J. Radke; Economic Development Planner DATE: October 16, 2000 RE: Request To Modify The County's Local Jobs Grant Program It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of October 24, 2000 In 1996, the Board of County Commissioners established a package of economic development incentives in order to attract businesses to the county and to encourage existing businesses to expand their operations within the county. Included in that package of incentives was a local jobs grant program. This program was designed to improve the county's economic base by providing a financial incentive for businesses that create jobs in Indian River County. Since the jobs grant program was established in 1996, staff has met with several businesses that were interested in the incentive; however, the county has received only one application for the incentive over the last four years. Given the low use of the jobs grant program incentive, county staff has reviewed the existing program as well as the jobs grant program in St. Lucie County. St. Lucie County's program was used as a guideline in 1996, when Indian River County developed its own program. For a business to become eligible to receive a local jobs grant in Indian River County, that business must meet the following criteria: be a manufacturing industry as defined by the Standard Industrial Classification (SIC) system or be in an industry targeted by the county; create at least 20 new jobs; and provide a salary or wage for each new job that is equal to 100% of the county's OCTOBER 24, 2000 -95- BK 115 s.' '! •