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10.C. PUBLIC NOTICE ITEMS - NONE <br />11. COUNTY ADMINISTRATOR MATTERS - NONE <br />12. DEPARTMENTAL MATTERS <br />12.A. COMMUNITY DEVELOPMENT <br />12.A.1. CONSIDERATION OFA REQUEST FORA LOCAL JOBS GRANT BY <br />MANUFACTURING COMPANY <br />Community Development Director Bob Keating presented background and description <br />relating to a request for a Local Jobs Grant by a manufacturing company interested in relocating <br />to the Vero Beach/Indian River County Enterprise Zone. He reported that the company had <br />requested to keep its name confidential (under State laws that grant such for economic <br />development), and is proposing to move its assembly, shipping, and research and development <br />(R&D) activities to Indian River County, bringing about 52 new jobs to the County. He <br />reviewed the terms of the Jobs Grant, and presented the recommendations of staff and the <br />Economic Development Council (EDC) to approve the Local Jobs Grant Agreement of up to <br />$294,800.00 if the Company locates within the County/Vero Beach Enterprise Zone, or <br />$268,000.00 if it locates within the County but outside of the Enterprise Zone; however, he <br />requested that the Board not approve the resolution supporting the Qualified Target Industry <br />(QTI) Grant since the company has not finished the process. <br />Helene Caseltine, Economic Development Director for the Indian River County <br />Chamber of Commerce, provided the Company's statistics, noted the County's return on <br />investment, and expressed delight that the new Company is considering relocating part of its <br />operation to the Enterprise Zone. <br />BK 142 PG 526 <br />June 5, 2012 9 <br />