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HomeMy WebLinkAboutAgenda 012204 - EDOC Meetingtlp9eip ikfi +Iia®aY1�1 4 ea e i .� Ytrwlte r. r +ec4ee ®�r��, +� +®°°ems• To: Patty Snider From: Janice Massie cc: Dolores Key CITY OF PALM BEACH GARDENS MEMORANDUM DATE: January 22, 2004 Re: Economic Development Oversight Committee Meeting of January 22, 2004 Attached please find two (2) copies of the information that was distributed at the above - referenced meeting. Economic Development Oversight Committee PALm BEACH GARDENS Economic Development Oversight Committee Meeting Thursday — January 22, 2004 - 8:30 a.m. Council Chambers — City Hall Meeting Agenda 1. Welcome Ed Sabin, Chair 2. Review of Minutes (10/23/03) Members 3. Staff Report Dolores Key • Targeted Expedited Permitting Program (see handout) • Economic Development Financial Incentives (see handout) • The Honda Classic (see handout) o Sky box, Corporate booth o Television spot 4. Discussion • The Scripps Research Institute Background Data (see handout) 5. Next Meeting Topic 6. Next Meeting Date 7. Adjourn Ed Sabin, Chair Christine Tatum, City Attorney Ed Sabin, Chair February 26, 2004 — 8:30 a.m. w Economic Development Oversight Committee Economic Development Oversight Committee Minutes October 23, 2003 Meeting was called to order at 8:30 am on October 23, 2003. Members present: Elaine Beers Dan Clark Kelly Fanelli Lou Gaeta Jim Griffin Eric Habecher Members absent (Excused): Frank Compiani Neil Merin Staff present: Dolores Key 4 qv�p r" i GARDE Dave Haysmer Ed Sabin Joe Russo, City Council Annie Marie Delgado, City Council Casey Steinbacher Kenneth Kahn Ron Ferris ■ Minutes of the September 25, 2003 EDOC Meeting reviewed and approved. ■ Staff Report Presented by Dolores Key o Economic Development collateral and Wildlands map was presented to the group 1. Discussion regarding color coding of land values. Staff informed group that individual parcel lines had been eliminated in order to present a cleaner snap- shot. 2. Land values are based on County appraised value which is generated by the tax roles. 3. Discussion regarding market value versus appraisal value. It was stated that the target market (a relocating company) understands the difference between appraised value and market value. Appraised value is appropriate as the collateral was developed to promote a municipality. Open Discussion — Targeted Expedited Permitting Program • As one of the qualifiers in industrial areas, the group felt that the areas of Biotech and Corporate Headquarters should be added. • Within the definition of value added employment, the term "salary" should be changed to "compensation package ". • There are inconsistencies in the rules between the state and county for economic development projects for financial incentives. • The start date for filling newly created positions should be changed from thirty (30) days to six (6) months after a company receives a Certificate of Occupancy by the City's Building Department. • Discussion regarding average wages — what parameters should be used. • It was determined that if a company qualifies under the criteria of the Business Development Board or Enterprise Florida (official economic development organizations at the County / State level), it would also qualify in the City of Palm Beach Gardens. If a company does not qualify under the guidelines of the Business Development Board or Enterprise Florida, it would then need to meet the criteria of the City of Palm Beach Gardens. Dolores Key, Economic. Development & Marketing Administrator �t s Economic Development Oversight Committee PALM BEACH GARDENS o The City of Palm Beach Gardens should allow companies who have created 50 jobs within the last year, and expansion is a result of outgrowing their facility, to qualify for the fast track program. Meeting adjourned at 9:40 am. Note: The next meeting is scheduled for January 22, 2004 Dolores Key, Economic Development & Marketing Administrator 3rd Draft Targeted Expedited Permitting Program The City of Palm Beach Gardens seeks to diversify its economic base and provide the citizenry value -added employment opportunities through the recruitment and expansion of targeted industry groups. To accomplish this goal, the City of Palm Beach Gardens offers a Targeted Expedited Permitting Program to expedite the planning, zoning, and building permitting process. The Targeted Expedited Permitting Program is available to companies that are expanding operations or moving into the City so that employment may be created at a faster pace. Companies must meet specific criteria, as established by the City Council, in order to qualify for the Targeted Expedited Permitting Program. The Targeted Expedited Permitting Program provides qualifying projects an efficient process to resolve issues in a timely manner through face to face meetings with a City representative without sacrificing any requirements as established by the City's Codes of Ordinances. As with any project, the City of Palm Beach Gardens reserves the right to deny a proposal that is deemed to be detrimental to the quality of life of the citizens. Qualifiers for the Targeted Expedited Permitting Program • Appling companies must fall into specific industry clusters as recommended by the Economic Development Oversight Committee and approved by City Council. Industry areas: . • Aerospace / Engineering • Medical / Pharmaceutical / RD • Business / Financial Services • Information Technology • Education • Corporate Headquarters ■ Companies must create at least fifty (50) new positions in the City of Palm Beach Gardens within first two (2) years of operations OR expanding operations as a result of creating same amount of positions in the past two (2) years. ■ Positions created must be considered value -added employment. ■ Value added employment is defined when the average compensation package of positions created are at least 10% higher than the currant per capita income level in Palm Beach Gardens. This equates to $47,272 / year as of September 2003. ■ Positions must be sustainable for a five (5) year period of time. ■ Companies must pass the City's due diligence process to establish solvency and credibility prior to acceptance into the program. ■ Due diligence may include Dun & Bradstreet report. ■ Due diligence reports must be reviewed by the Economic Development Oversight Committee, City Manager, Economic Development Administrator and / or Financial Administrator for the City of Palm Beach Gardens. 3rd Draft Companies must receive endorsement from the Economic Development Oversight Committee and approval of the City Council to qualify or qualify for State of Florida or Palm Beach County economic incentives as administer by the official economic development agencies at either the State or County level. Company must appoint a Project Managerfor communication purposes. Start date for filling newly created positions will be considered within 6 months after company receives a Certificate of Occupancy by the City's Building Department. m • Companies may qualify for Targeted Expedited Permitting Program if the company is a sanctioned project by the State of Florida or Palm Beach County economic development agencies (OTEP, Enterprise Florida, Business Development Board of Palm Beach County). Benefits of the Targeted Expedited Permitting Program Companies that have been accepted into the Targeted Expedited Permitting Program will receive: • A single Point of Contact for the approval process as appointed by the City Manager or Economic Development Administrator. • Establishment of necessary steps required for project approval in pre - application meeting with Growth Management Division. • Itemized completion timetable. • Priority at every juncture of the review process by City staff and contracted engineering firm, including face to face meetings. • Review by City staff and engineering firm conducted within five (5) business days of submission. • If problems are identified, a face -to -face meeting of all concerned parties will be called within two (2) business days so that a resolution may be found in a timely and efficient manner. • City appointed Point of Contact will be kept apprised of all developments regarding a project by City's Engineering, Growth Management, and Building Departments in order to trouble -shoot and keep sanctioned projects on track. • City's Point of Contact will provide a weekly status report (minimally) to Company's Project Manager. ■ An economic impact report that will be included with project presentations to Planning and Zoning Commission and City Council. 2 IR_II­"'__"'_'I­-7 UIS'Ut S ]Dervvelolp"'Me; �Ircl PALM BEACH COUNTVS BUSINESS RESOURCE GRANTS & TAX INCENTIVES The following is a brief summary of the eligibility requirements for Palm Beach County business grants and tax abatements. Additional information and applications can be obtained by contacting the Business Development Board. Palm Beach County Grant/Tax Exemption Job Growth Incentive Fund Grant A. Expansion must create 50 or more new full -time, non - retail jobs in PBC in a maximum period of 24 months. B. Must apply prior to making decision to expand in Palm Beach County (PBC). C. New full -time jobs must pay an average of $35,080 /year or the average wage of the applicable industry cluster. D. Company must be able to provide independent CPA audited financial statements for most recent three years. E. The base award is from $500 to $2,000 per job created. Ad Valorem Tax Exemption Companies applying for this exemption must meet the definition of a new or expanding business. A. New business is defined as one of the following- -Manufacturing businesses creating at least 10 full -time jobs -Any business establishing 25 or more jobs with at least 50% of sales outside of Florida. -Any office space in this state owned and used by a corporation newly domiciled in this state; provided such office spaces houses 50 or more full -time employees of such corporation; or -Any business located in an enterprise zone. Any new business must first begin operation on a site clearly separate from any other commercial or industrial operation owned by the same business. B. Expansion of an existing business is defined as meeting one of the following- - Manufacturing business creating at least 10 full -time jobs. - Any business establishing 25 or more jobs with at least 50% of sales outside of Florida. -,Any business located in an enterprise zone. - Any expansion of an existing business must increase operations on a site collocated with a commercial or industrial operation owned by the same business, resulting in a net increase in employment or not less than 10% or an increase in productive output of not less than 10 %. The 10% requirement does not apply to enterprise zones. C. For eligible new businesses, up to 100% of assessed value of all improvements and all tangible property for up to 10 years may be exempted. For expanding businesses, up to 100% of assessed value of all improvements to real property and net increase in tangible personal property acquired. Property acquired to replace existing plant or equipment does not qualify. D. Exemption shall not accrue to improvements included on tax rolls prior to the effective date of the ordinance specifically granting a business an exemption. E. Exemption applies only to taxes levied by Palm Beach County. F. $500 non - refundable filing fee Enterprise Zones An Enterprise Zone, designated by the State of Florida, is an area targeted for economic revitalization. Palm Beach County has several areas designated as Enterprise Zones: portions of Riviera Beach, West Palm Beach, South Bay, Belle Glade and Pahokee. S Business Development Board Services The following services are provided free of charge to companies expanding in Palm Beach County: Permitting assistance Information on available land, industrial and office space as well as confidential site tours Assistance in applying for county and state grants and tax abatements Introductions to county /city officials and business leaders Complete coordination of request for proposals prepared to link your expansion project to the appropriate vendors. Link to receiving free technology assistance through NASA /Kennedy Space Center Local statistical research and demographic information For applications and additional information, contact: Tim Dougher .Vice President, Business Retention, & .Expansion Business Development Board of Palm Beach County, Inc. 222 Lakeview Avenue; Ste.; 1200 West Palm Beach, FL'33401 561.835:1008 Fax 561:.835`.1160 ACH 0 2 AL 0 RIB/ USE OF FUNDS PALM BEACH COUNTY JOB GROWTH INCENTIVE GRANT PROGRAM ELIGIBLE REIMBURSABLES JGI grant funds may be used to reimburse a company for the following expenses associated with the expansion of an existing local business and/or relocation of a company to Palm Beach County. Invoices submitted for reimbursement must be accompanied by copies of canceled checks, with the front and back sides of the canceled checks copied. I . Payment of Impact Fees and Special Assessments (a) Impact fees assessed by Palm Beach County include fees for roads, parks, fire- rescue, libraries, law enforcement, and public. buildings. (b) Impact fees assessed by local governments and special assessments by special districts. 2_ Land Improvement Costs (a) Off -site land improvements. (b) Road improvements. (c) Construction of recreational facilities open to the public. (d) Reimbursement for any government required dedications. (e) Water and sewer connection fees. (f) Telecommunication connection fees and costs_ (g) Infrastructure design and construction plan preparation. (h) Drainage facilities in conjunction with new roadway construction or on -site improvements. (1) Construction of new curbs, curb cuts, medians, shoulders and sidewalks. 0) Relocating utilities to accommodate new roadway construction. (k) Facade redevelopment in eligible community redevelopment agency or downtown development authority designated areas subject to prior approval of all governing bodies. (l) Landscaping and road beautification costs. (m) All fees and dedications required by entities other than Palm Beach County (subject to prior approval by the Palm Beach County Economic Development Office). (n) Palm Beach County permitting, licensing, or other approval costs associated with land improvements_ I of 2 3. Environmental Compliance (a) Costs associated with design and installation of equipment needed for compliance with existing federal, state, and local environmental standards - (b) Costs associated with asbestos removal. 4. Leasehold Improvements (a) Costs of improvements to leased property required by expansion or relocation, including wiring and other installation costs involving communication and computer systems. Construction and Renovation Costs (a) Costs of constructing or renovating the real property for which a company must possess title, with such costs directly related to the expansion or relocation. (b) Architect, design and technical fees associated with the expansion or relocation. 6. Employee Hiring and Training (a) Costs associated with providing for employee hiring and training, such as advertising, job fairs, and reasonable hotel and transportation costs for employee. tral ming. All out of town travel by trainers and trainees (new employees) directly necessitated by the expansion or relocation must be fully documented and will be reimbursed in accordance with the provisions of Florida Statute, Chapter 112, Part I, 112.061; www.leg.state.fl.us (select: Statutes & Constitution). Relocating Company Assets (a) Costs associated with relocation of company assets required by expansion or relocation. Day Care (a) Improvement costs associated with establishing a company sponsored day care facility for children of employees filling new jobs, with facility physically located on or adjacent to site of relocation or expansion project. 9. Local Match for State Tax Refund Program (a) Up to 20% of State Tax refund subject to State Law and procedures established pursuant to this Job Growth Incentive Grant Program. H-\WPDATA`JGIF \JGI APPLICATION PACKET rev. 4- 5- 2002.doc 2of2 Y a n7b47- ORI94i' PALM BEACH COUNTY JOB GROWTH INCENTIVE GRANT PROGRAM PROGRAM CRITERIA & PROCESS 1. FUND AMOUNT: The total funds allocated to the Job Growth Incentive (JGI) Grant Program will be identified in the economic development program budget for the fiscal year, contingent on the availability of funds and approval by the Palm Beach County Board of County Cormnissioners (BCC). I1. OVERALL GOAL: Provide economic stimulus for Palm Beach County toward achieving an appreciable long term expansion of the local economy, enhancing the prospects for business growth, and providing additional full time employment opportunities for the residents of Palm Beach County. ELIGIBILITY CRITERIA 111. APPLICATION SELECTION CRITERIA: Incentive Intent ofIncentive Intent of Program: Relocation of industrial business /agricultural- related entities to Palm Beach County; or expansion of same, provided the JGI applicant can adequately demonstrate that such relocation or expansion would otherwise take place outside of Palm Beach County; and 2. Job & Salary Commitments: Relocation/expansion project will be required to: a) create and /or relocate 50 or more new full time non - retail jobs in Palm Beach County-, and b) pay an average annual salary at or above the current average annual salary for all privately owned businesses in Palm Beach County or an industry average wage per aimum_ OtherOther Important - Considerations: - Considerations: Proposed project will: a) involve a targeted cluster industry (identified in list on last page); b) locate /expand in areas of Palm Beach County designated for economic development/redevelopment-, C) diversify the local economy; d) increase the lax base of Palm Beach County; and C) involve a major investment, such as construction or renovation of a facility. 3. JGI Grant Average Annual Salary Identification Annual Salary Identification: The applicant will identify and commit to providing an average annual salary for the new jobs which will be at or above the current average annual salary in Palm t Beach County (average of all local privately -owned businesses) or an industry average wage per annum. An important consideration to Palm Beach County is whether an applicant will commit to paying a high or 1 of 10 very high average annual salary for the newly created/relocated jobs which exceeds or preferably far exceeds the County's average annual wage (pertains to private sector only). A business proposing to pay a high or very high salary for the new jobs might possibly increase the prospects that County Administration will support increasing the amount of the award per job and thereby the total grant amount. The applicant will be required in the JGI application to identify two average annual salaries for the new jobs: a) All New Jobs. Identify the average annualized salary for all new jobs Include all exemp and non- exempt employees and all officers and senior corporate executives that will represent the total number of new lull time jobs to be created/relocated in Palm Beach County. b) Low and Mid Echelon New Jobs Only. Identify the average salary per annum of the new exempt and non - exempt employees only; exclude ,from these calculations the average annual salary of the officers and senior corporate executives which are included in (a) above. The salary figure (excluding benefits) for (a) above will be the salary commitment in the agreement and is derived according to (c) below: C) Detennining Average Annual Salary of New Jobs: The salary commitment that the applicant identifies in the application will be based on the wage criteria of the Covered Employment and Wages Program, commonly referred to as the ES -202 Program ( *see below). Include total pay for work, earned wages and remuneration on an annual basis: direct actual salaries, tips, bonuses, commissions, overtime, stock options, drawing accounts (against future earnings), paid leave, sick pay, vacation pay, and other payments such as cash value of meals and lodging, and employer contributions to deferred compensation plans including 401(k) plans. Exclude benefits: employer contributions to Old -age, Survivors', and Disability Insurance (OASDI), health, life and unemployment insurance, worker's compensation, private pension and welfare funds. ( *) The ES -202 Program is a cooperative program involving the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor and at the state level the State Employment Security Agencies (SESAs). In Florida, the ES -202 Program is under the jurisdiction of the Agency for Workforce Innovation (AWI). U.S. Bureau of Labor Statistics: www.bls_gov /cew /cewover.htm Phone: (202) 691 -6567 Fla. Agency for Workforce Innovation: www2.myflorida.com/awi/ Phone: (850) 921 -6966' Fla. Labor Market Statistics: www.labormarketinfo.com 4. New Job Performance Maintenance & Verification: a) The required number of jobs will be provided and filled (i.e., any position or job classification identified on the payroll that is actually filled by a new employee) within an agreed to number of months of the commencement date of the grant agreement. b) The company and Palm Beach County will negotiate a job creation/relocation timeframe, which generally can range from 12 months to 36 months (e.g., 17 months, 22 months, 34 months, etc.). 2of10 C) Section VII below elaborates on the requirements for the audit that the independent Certified Public Accountant (CPA) must adhere to in order for the performance audit that is completed by the CPA to be deemed satisfactory and acceptable to Palm Beach County; and d) The new jobs will be maintained at minimum for an additional 24 months, commencing upon the company providing Palm Beach County with an independent audit providing verification of compliance by the company with the performance standards of the grant agreement. 5. Exceptions to Criteria: The EDO may apply criteria to a particular application that differs from the standard criteria set forth above in order to insure compliance with the goals and mandates of the JGI Grant Program. County Administration must initially review and support any exceptions to the program criteria. This is in order for EDO at a later date to present a JGI grant agreement to the BCC which recommends that the Board: a) waive a standard criteria of JGI Program (note: waiver is rarely considered or justified); and b) approve the grant agreement. IV_ GRANT LIMITS: Base Award Per Job: The base award per application will be from $500 to $2,000 per job created. The EDO may recommend deviations from this base award amount as circumstances warrant. EDO submits its recommendation to County Administration which will agree with or alter the amount of the base award per job. 2. Maximum Grant Award: The maximum award per application is $500,000, with the potential for a larger award upon recommendation of the EDO. The final determination on the recommendation with respect to the total award amount can only be made by County Administration to whom EDO reports. 3. Minimum Grant Award: The minimum award per application is $25,000. V. ELIGIBLE FUND USES: Grant funds will be disbursed as reimbursement for expenses related to the relocation/expansion as follows: a) Payment of impact fees and special assessments; b) Land improvement costs, C) Environmental compliance, d) Leasehold improvements; e) Construction and renovation costs-, f) Employee hiring and training; g) Relocating company assets; h) Day care (for employees children during work hours); i) Local match for state tax refund program_ Irrespective of the documented reimbursable expenses submitted to OFMB, disbursements will be limited to the verified per job grant award times the number of jobs created as documented in the independent accountant's performance report. 3of10 VI. DEFINITIONS: a New Job: A full time or equivalent job (minimum of 2,080 hours annually) that is created in or relocated to Palm Beach County which adds to the County's total job base; adds incrementally to the company's payroll, results in a net increase in the number of employees, and involves only a new employee working on -site at the cowan)�s facility thW is located in Palm Beach County. A full time or equivalent job may include permanent salaried, part - time, leased employees, and contractors and subcontractors. Excludes an existing employee on current payroll of a business located in a county adjacent to the borders of this County or in the InternetCoast (counties of Dade, Broward and Palm Beach) who is to be transferred to a Palm Beach County facility. Relocating Employee: A full time or equivalent employee currently identified on the company's payroll that is being relocated to Palm Beach County. Excludes an existing employee of a JGI applicant located in a county adjacent to the borders of this County or in the InternetCoast (counties of Dade, Broward and Palm Beach) who is to be transferred to a Palm Beach County facility. APPLICATION PROCESS & REQUIREMENTS VI1. PROGRAM PROCESS: JGI Fund: BCC establishes funding for JGI Grant Program through the annual budget process. 2. Business Development Board Assistance: The company is encouraged to request assistance from the Business Development Board (BDB) of Palm Beach County, Inc. to help determine whether the company will qualify under the JGI Program's eligibility criteria. a) The BDB will assist the company to completely and satisfactorily fill out the application and submit it (enclosing all required documentation) to County Administration for processing by EDO. b) The application will identify the total number of new full time jobs and the average annual salary (excluding benefits) of the new jobs. C) For an expansion project of a business currently located in Palm Beach County, the BDB will ensure that the applicant provides a certified or notarized letter by an officer of the company verifying the current number of full time employees on its payroll in Palm Beach County at the time of application. d) The BDB's involvement in the application process provides Palm Beach County with additional input on an application which is helpful recognizing that there is competition among applicants for funding assistance. JGI funds may be limited. C) An applicant choosing not to seek BDB's assistance and instead filing the application directly with the County may do so but the application would lack the BDB input/recommendation desired by the t County. M• ! Application Submittal with Audited Financials: a) FINANCIAL AUDIT: The Business or BDB on behalf of the company submits the JGI application to County Administration for processing by EDO with independent CPA audited financial statements for the most recent three (3) years included. Exception_ Business has existed less than three (3) years. r -� b) In instances where independently audited financial statements for most recent three (3), two (2) or one (1) years are submitted by a business for its subsidiary, with the subsidiary business identified as the JGI applicant on the application form, the parent or holding company of the subsidiary applicant must therefore agree to be a party to and co- signee of a JGI grant agreement along with the subsidiary applicant signing (and thereby obligated per) the agreement. C) Tax returns for the most recent three (3) years may be submitted in lieu of independent audited statements for most recent three (3) years for a business which is not required by federal, state or financial institution regulatory requirements or policies to have audited statements prepared for its business and operations. The applicant must however explain in writing when the JGI application is submitted to County Administration which federal, state or financial institution regulatory requirements or policies do not require the company to have audited statements prepared. The applicant must identify whether it is a publicly held company or a privately held company. d) In the event the date of the most recent audited statements indicate that more than six (6) months will have elapsed since their preparation and the anticipated date of the completion/submittal of the JGI application to EDO, the applicant may be required to provide to the County interim financial statements that may be prepared internally. e) The audit at the tune of application, which must be performed by an independent CPA and provided on the CPA's letterhead, must be an audit for which the auditor did "examine" the applicant company's financial statements and expresses a written "opinion" on the financial statements, (i.e., "in our opinion "). f) The examination must be conducted in accordance with standards established by the American Institute of Certified Public Accountants. g) The applicant's annual report to stockholders, including an independent accountant's report is acceptable, provided audited financial data for three (3) years is included. h) A report by an independent CPA that is a "review or agreed -upon procedures report" on the financial statements is unacceptable to Palm Beach County, and will result in the following: i) Applicant is informed by staff that the application cannot be processed unless the company provides Palm Beach County with the appropriate audited documentation specified above. ii) Upon receipt of the appropriate audited documentation, processing can continue_ iii) Within a reasonable and mutually agreed to period of time, if the applicant either cannot or does not provide County staff with the appropriate audited documentation, processing of the application will cease. Application will be considered null and void. i) EDO reviews and screens application. EDO may, if it is deemed necessary for a complete review, 5of10 forward an application to an appropriate designee having expertise in a given industry. J) All financial statements and application are forwarded to OFMB for review and comment. k) Whenever the financials or consolidated financials of a parent or holding company are submitted with the application on behalf of and in lieu of financials of the-.actual applicant f,uthich is a subsidiary of the parent/holding company, the parent /holding company must be party (i.e., additional signee) to any future agreement. Under these circumstances, the name of the business entity for whom the financials pertain and the name of the applicant business will both appear in the grant agreement. 4. Review Completion & Application Disposition: a) After EDO's initial screening of the application, and OFMB's review of the applicant's financials, EDO and County Administration will meet to review the application and OFMB's comments in order to determine whether County Administration will issue. a Letter of Intent recommending that the BCC approve a JGI grant award for the applicant or release a Letter of Denial to the company. b) In the event of a Letter of Denial, County Administration will give the company additional time to provide any pertinent documentation and /or clarification that the company believes might alter County Administration's disposition to not support the application and to not recommend a grant award. 5. Notice of Intent: a) Following County Administration's issuance of a written notice of intent (with negotiated grant agreement enclosed) to recommend approval of a JGI application, the company has 60 days to finalize (execute and return) the agreement for processing for BCC action. b) Failure to complete the agreement within this 60 day period will nullify the recommendation. However, the company may request a time extension on executing the agreement. The request should be submitted in writing prior to expiration of the 60 day period. C) County Administration will review the request and determine whether to grant a time extension for the company to execute the agreement and return same to the EDO_ d) A notice of intent issued without a grant agreement enclosed, which normally occurs due to timing considerations, will require that the company and EDO immediately begin negotiating an agreement. 6. Grant Submittal to BCC: I a) Upon receipt of an executed grant agreement from the company, EDO prepares an agenda item on the JGI grant agreement for presentation to the BCC for approval and execution. b) BCC, at its sole discretion, may accept, reject or modify any grant agreement. 6of10 7_ Grant Performance Compliance & Reimbursement Procedure: a) Upon the company satisfying the new job and salary commitments of the JGI grant, the company may seek reimbursement for eligible costs. b) Pursuant to the agreement, the company submits the reimbursement request to the EDO, which must be accompanied by the CPA's report on the jobs created/relocated, the average annualized salary of the new jobs and the invoices, as specified in (c) and (d) below: C) INVOICE DOCUMENTATION: OFMB reviews invoices and supporting documentation from a grantee, checks the invoices for compliance with grant agreement and JGI Grant Program. i) The grant funds will be provided only for reimbursement of expenses set forth in the list of Eligible Reimbursables, which will be identified in the JGI agreement. ii) Reimbursable expenses must not occur and thus must not be dated prior to the commencement date of the JGI agreement, and must be directly related to the applicant's relocation/expansion project in Palm Beach County. iii) All requests for payment of eligible "out -of- pocket" expenses for reimbursement, not otherwise reimbursable by the company's insurance provider, must include copies of paid receipts, canceled invoices, or other documentation acceptable to the Palm Beach County Office of Financial Management & Budget (OFMB) and the Finance Department of the Clerk of the Circuit Court. iv) All. reimbursement requests must adequately describe the expenses and establish that the expense was actually incurred by the company in association with the applicant's relocated or expanded business operations in Palm Beach County. V) Refer to #10 below in the event any grant funds will be reserved for a local match requirement. d) PERFORMANCE AUDIT: Reimbursement requests must be submitted to EDO and accompanied by documentation satisfactory to Palm Beach County, including an examination by an independent CPA as set forth below. i) The JGI agreement will require that there be an independent examination by a CPA to verify the accuracy of the number of the new full time jobs which were created and/or relocated pursuant to the JGI agreement, and the average annual salary (excluding benefits) of those new jobs. ii) This audit must be performed by an independent CPA, must be provided on the CPA's letterhead, and must be an audit for which the auditor did "examine" the grantee's representations for the facility located in Palm Beach County_ The CPA must express a written "opinion" on the attached schedule(s) of new jobs created/relocated and the average annualized salary for the jobs created/relocated. iii) The examination must be conducted in accordance with standards established by the American Institute of Certified Public Accountants and include examining evidence supporting the company's schedules of new jobs and average annualized salary of the new jobs. iv) An audit by an independent CPA that is a "review or agreed -upon procedures report" concerning the company's schedules is unacceptable to Palm Beach County_ v) Applicant is informed by staff that the review of the audit and reimbursement request cannot 7of10 move forward until the company provides Palm Beach County with the appropriate audited documentation specified above. vi) Upon receipt of the appropriate audited documentation, processing can continue. vii) Within a reasonable and mutually agreed to period of time, if the grantee either cannot or does not provide County staff with the appropriate audited documentation, processing of the audit and reimbursement request will cease. Pursuant tQ. he tgrms of the,—IGI grant agreement, the agreement will automatically terminate if the grantee is unable to comply with the audit and timeframe provisions of the grant agreement. viii) Thus, OFMB will not forward invoices to Clerk of the BCC (Finance Department) for payment until grantee meets the agreed upon performance measures as verified by an independent audit. 8. Clerk's Office Payment: OFMB submits approved invoices to Clerk for pre -audit and payment. Clerk will reserve and not release any funds from the grant directly to the company that may be required as the local match under the State of Florida Qualified Industry Tax Refund Program, as explained below. 9. Eligible Costs Dispute & Resolution. If there is any dispute over the eligibility of costs submitted for reimbursement, such dispute shall be submitted to the EDO for final resolution. 10. Qualified Target Industry Tax Refund Program: In the event the company enters into an agreement with the State of Florida to receive State tax refunds pursuant to the State of Florida Qualified Target Industry (QTI) Tax Refund Program as set forth in Chapter 288, Florida Statutes, as may be amended, the following shall apply: a) Maximum Match Amount. Any grant funds provided for under a JGI agreement may be used by Palm Beach County as reimbursement toward the required QTI local match of up to 20 %, with the total match amount of the County not to exceed the total JGI grant amount. b) Match Payment Procedure. The grant funds paid by the County on behalf of the company as part of the required QTI local match, and as provided for under an agreement, shall be paid directly by the County to the State of Florida Economic Development Trust Fund in accordance with the QTI Program. C) QTI Commitment Nullified. If the company does not satisfy all of its QTI contractual obligations with the.State of Florida, which results in the termination of the QTI agreement, but complies fully with its grant commitments with the County, the company shall be entitled to seek reimbursement of expenditures of funds pursuant to its JGI grant. However, any funds that may have been provided to the State of Florida toward the QTI match shall be subtracted from the total grant amount. 1 l.. Grant Maintenance Compliance: N a) MAINTENANCE REPORT: The JGI agreement will require the submittal of an agreed -upon procedures report to the EDO to verify that the number of new full time jobs which were created and /or relocated (for which the company was reimbursed based on the specified award per job) have been maintained for an additional 24 months, and at the average annual salary identified in the performance audit. b) The 24 month job maintenance period will immediately commence upon the company having been 8of10 reimbursed by the Clerk's Office following the Clerk's detennination as to the extent of the grantee's compliance with the JGI agreement. C) The agreed -upon procedures report must be performed by an independent CPA, provided on the CPA's letterhead, involve the auditor's testing of the grantee's payroll records and representations on the positions maintained at the required wage level for the facility located.,.in Palm Beach County pursuant to the JGI contractual obligations, and identify the procedures performed by the CPA in accordance with standards established by the American Institute of Certified Public Accountants. Procedures will include testing of not less than eight (8) payrolls to determine the number of maintained employees in Palm Beach County and the average annual salary during the maintenance period_ The report must be satisfactory to the County in its sole discretion. d) The company will be informed by County staff whenever the review of the job maintenance report cannot move forward until the company provides Palm Beach County with additional, appropriate documentation, as specified above. e) Upon receipt of the appropriate documentation, processing of the report can continue. f) Within a reasonable and mutually agreed to period of time, if the grantee either cannot or does not provide County staff with the necessary and appropriate documentation, processing of the report will cease. Pursuant to the terms of the JGI agreement, the agreement will automatically terminate if the grantee is unable to comply with the job maintenance provisions of the agreement. g) Under the circumstances of (f) above and according to the terms of the JGI agreement, the County will seek a refund from the grantee of the funds provided to the grantee based on the performance audit and the amount of the award per job. Calculation: total refund amount is number of jobs not maintained times actual amount of award per job. h) EDO will inform the grantee, the pertinent County departments and the BDB as to the final outcome and disposition of the maintenance report following staff completing its review of the report. 12. Business Survey_ EDO will periodically distribute a Business Survey to the recipients of a JGI grant award to determine the ongoing economic impact of the relocation or expansion. The results of the survey will be forwarded to County Administration. VIII. PROGRAM INQUIRES: Please direct inquiries on the Job Growth Incentive Grant Program, including obtaining a complete application packet, to either of the following agencies. In addition, questions concerning the State of Florida Qualified Target Industry (QTI) Tax Refund Program, and the possible use of the County's JGI grant funds toward the required local match under the State's QTI Program, may be handled by either agency: Palm Beach County Economic Development Office P.O. Box 1989, West Palm Beach, FL 33402 -1989 301 N. Olive Avenue, West Palm Beach, FL 33401 - I Oth Floor (561) 355 -3624 FAX (561) 355 -6017 www.pbcgov.com 9of10 Business Development Board of Palm Beach County, Inc. 222 Lakeview Avenue, Suite 1200, West Palm Beach, FL 33401 (561) 835 -1008 FAX (561) 835 -1160 www.bdb.org NOTE: The Job Growth Incentive Grant Program was approved by the Board of County Commissioners on November 16, 1993 (R93- 1519), and subsequently amended (R94 -45, R94 -198, R95- 1104D, R96 -302D, and R -97- 1267D). In addition to satisfying the above identified requirements of the JGI Program Criteria and Process, the applicant is advised: Not to employ or retain any company or person, other than a bona fide employee working solely for the applicant, to solicit or secure the grant award, and not pay or agree to pay any person, company, corporation, individual or firm, other than a bona fide employee working solely for the applicant, any fee, commission, percentage, gift, or any other consideration contingent upon or resulting from the award or making of the grant award. Targeted Cluster Industry $ aerospace / engineering $ agribusiness / equine $ business / financial services $ communications / information technology $ medical / pharmaceutical / health care $ tourism / recreation / entertainment Acronyms BCC Board of County Commissioners BDB Business Development Board of Palm Beach County, Inc. CPA Certified Public Accountant EDO Palm Beach County Economic Development Office (County Administration) ES Employment Statistics JGI Job Growth Incentive Grant Program OFMB . Office of Financial Management & Budget QTI Qualified Target Industry Tax Refund Program (State of Florida) I-1: \WPDATAJGIFUGI APPLICATION PACKL-T rev. 4- 5- 2002.doc JGI Criteria as of April 5, 2002 10 of 10 w 2 �L ORI�4' PALM BEACH COUNTY :JOB GROWTH INCENTIVE GRANT PROGRAM APPLICATION Prior to filling out this application please read the PROGRAM CRITERIA & PROCESS handout for the program's eligibility requirements_ Program Purpose: The Job Growth Incentive (JGI) Grant Program is one of several economic development initiatives established by the Board of County Commissioners which provides funding assistance to attract businesses to Palm Beach County, and to support local expanding businesses. This incentive program is designed to stimulate the creation of new full -time jobs in Palm Beach County, preferably quality, high skill and high salary positions. However, an application involving a large number of new jobs but at a lower skill and average annual salary will also be considered. Application Instructions: The JGI application must be filled out completely and signed in order to be processed. The applicant is welcome to attach additional information. A cover letter must accompany the application that adequately explains the scope of the company's planned expansion or relocation project, and the intended use of funds. Application Date: COMPANY INFORMATION Federal ID #: Applicant Name: Current Mailing Address: Telephone: Fax: Web Site: 2. CONTACT PERSON Name: Mailing Address: Telephone: Fax: Title: E -mail Address: 3_ PRODUCT AND /OR SERVICE Business activities involving the project site in Palm Beach County: 1 of 6 L6, v 4. PROJECT [_] Relocation will result in moving entire business operation to Palm Beach County; or [_) Relocation involves establishing anew branch or subsidjpry facility in this County; or [�) Expansion of an existing local business presently located in Palm Beach County. POTENTIAL LOCATION Are you considering geographic areas other than Palm Beach County? Yes t_1 or No 1_1 The local expanding business or the company not presently located in Palm Beach County is to identify the potential sites of the expansion or relocation, both inside and outside of Palm Beach County. Provide the names of the communities outside of Palm Beach County and elsewhere in the State of Florida or United States. The applicant should adequately demonstrate that there are other alternative locations under serious consideration as the possible site of the relocation or expansion project. 6. STRATEGIC PLAN Provide a brief overview as to the scope of the proposed project in Palm Beach County. 7. REGISTERED WITH STATE OF FLORIDA Expansion Project: An applicant business planning an expansion and currently located in Palm Beach County must be registered with the Florida Department of State, Division of Corporations, in order to conduct activities or business operations in the State of Florida. It is required that the applicant's status be "Active" according to the Division of Corporations' latest record at the time of submittal of the JGI application to Palm Beach County_ Local expansion applicant is registered with State of Florida: Yes 1_1 or No 1_1 Verification of registration must be included with application's submittal. Verification enclosed: Yes f_1 or No 1_1 Relocation Project: In anticipation of commencing business operations in Palm Beach County the newly established business must register with the State of Florida in a timely manner. Florida Department of State, Division of Corporations; Corporate Records Section P.O. Box 6327, Tallahassee, FL 32314 telephone: (850) 488 -9000 web site: www.dos.state.i7.us 2 of 6 4 7 8. Public Company 1 -1 or Non - public Company 1_1 9. TARGETED DEVELOPMENT AREA Relocation or expansion facility will be in an area designated: Development Region 1_1 and/or an Enterprise Zone 1 -1 These are areas targeted for economic development assistance by Palm Beach County and the State of Florida. Staff of the Business Development Board of Palm Beach County, Inc. (561 - 835 -1008) or the Palm Beach County Economic Development Office (561- 355 -3624) can assist the applicant in determining whether the proposed business site in Palm Beach County is situated in or adjacent to a Development Region or in an Enterprise Zone. 10. FACILITY Identify the gross square feet of space that will be necessary for the facility. Project involves occupying an existing facility: or building and moving into a new facility: sq. ft. sq_ ft_ Applicant will: Lease 1_1 or Own 1_1 facility located in Palm Beach County. 11. SCHEDULE Commencement Date: Estimated date to begin filling the new jobs and incurring expenses associated with expansion or relocation: Completion Date: Planned date of having filled all new jobs and incurred all eligible costs related to the applicant's obligations under the JGI Grant: 12. NEW FULL -TIME JOBS Following numbers must involve full -time jobs only_ Current Employees: = existing payroll (total number of filled and unfilled positions) An "expansion" application by a local business in Palm Beach County must provide an affidavit (signed by an officer of the company) to verify the total number of employees on the company's current payroll. JG1 Application Commitment: relocating jobs (employees relocating to Palm Beach County) + = new hirees (excludes relocating employees) = TOTAL NEW JOBS Y 13. LOCAL EXPANSION PROJECTS 3 of 6 Pka Certified Copy of Payroll: The applicant of a business presently located in Palm Beach County must provide a certified copy of the company's payroll as of December 3151 for each of the most recent three year which will identify the total number of full time jobs for each year. Florida Department of Labor Records: Enclose with the application a copy of the employee records that the company filed with the Florida Department of Labor for each of the most recent three ,Years. 14. SALARY Refer to the PROGRAM CRITERIA & PROCESS handout for information on deriving the average annual salary (PART III, 3.) and for the definitions of a new iob and relocating emaloveg (PART VI). Salary for All New Jobs: Identify the average annualized salary for all new jobs without benefits. Include all exempt and non - exempt employees and all officers and senior corporate executives that will represent the total number of new full time jobs to be created /relocated in Palm Beach County. This average annual salary figure will be $ (excluding benefits). It will be the salary commitment identified in the grant agreement. Do not identify a range for this salary figure_ Low and Alid Echelon New Jobs: Identify the average salary per annum of the new exempt and non- exempt employees only; exclude from calculations the average annual salary of officers and senior corporate executives. This average salary per annum will be $ (excluding benefits). It will not be the salary commitment identified in the grant agreement. Do not identify a range salary figure. 15. QTI TAX REFUND In the event that an applicant files an application for the Qualified Target Industry (QTI) '*fax Refund Program with the State of Florida, it requires that a 20% match be provided by the local government. The source for the match funds would be the JGI Grant funds. These match funds are not in addition to the total amount of the grant award. Consideration is being given to filing a QTI application: Yes 1`] or No ]�] If "Yes" is checked above: QTl application was submitted to Enterprise Florida, Inc. on following date: Anticipated date of submitting the QTI application is: 16. CLUSTER INDUSTRY Identify whether your product and/or service places your business under one of the following industries_ Check the appropriate box: 1_1 non - applicable (_) aerospace / engineering (_] communication /information technology agribusiness / equine (] medical /pharmaceutical /health care I__I business / financial services �_] tourism / recreation / entertainment t 17. ELIGIBLE REIMBURSABLES Fund money will be disbursed on a reimbursement basis for one or 4 of 6 L V more of the following eligible types of costs. Check the appropriate boxes: (_ _J impact fees and special assessments (`J land improvement costs (_J environmental compliance (�] leasehold improvements (_] construction and renovation costs 18. AUDITED STATEMENTS (_J employee hiring and training (_] relocating company assets (] day care ( ] local match for FlQjida's Qualified Jarget Industry(QTI) Tax Refund Program It is very important that the applicant read the FINANCIAL AUDIT section (PART VII. 3.) of the PROGRAM CRITERIA & PROCESS handout which identifies the requirements regarding appropriate documentation. Financial statements for the applicant business audited bey independent CPA for the most recent three—U3 gears must be included with the application's submittal. Identify the audited business name (subject of audit): Is the audited business name different than the applicant business name? Yes (_] or No (i] If "Yes "is checked above, provide an explanation and the Federal ID# of that business entity below: 19. NOTICE The applicant is advised not to employ or retain any company or person, other than a bona fide employee working solely for the applicant, to solicit or secure the grant award, and not pay or agree to pay any person, company, corporation, individual or firm, other than a bona fide employee working solely for the applicant, any fee, commission, percentage, gift, or any other consideration contingent upon or resulting from the award or making of the grant award. All documents provided to Palm Beach County are subject to the Public Records Act, State of Florida. 20. QUESTIONS & ASSISTANCE Business Development Board: The JGl applicant is encouraged to contact the Business Development Board (BDB) of Palm Beach County, Inc. to request assistance with the JGI Program requirements and with filling out the application. This would obviously need to be completed in order for the BDB to be able to submit the application to the Palm Beach County Economic Development Office on your behalf. Business Development Board of Palm Beach County, Inc. 222 Lakeview Avenue, Suite 1200, West Palm Beach, FL 33401 (561) 835= 1008FAX (561) 835 -1160 www.bdb.org 5 of 6 Economic Development Office: The JGI application submitted by the BDB to the Palm Beach County Economic Development Office (EDO) will be processed for review. EDO may contact the applicant for a clari6tiatlon regarding the application or to request additional information during the review process. In the event that a JGI Grant Agreement is to be prepared, EDO will communicate with the business during the preparation phase of the agreement and later during the scheduling of the agreement for presentation to and consideration by the Board of County Cornmissioners. Palm Beach County Economic Development Office P.O. Box 1989, West Palm Beach, FL 33402 -1989 301 N. Olive Avenue, West Palm Beach, FL 33401 - 10th Floor (561) 355- 3624FAX (561) 355 -6017 www.pbcgov.com EDO cannot process an application that is incomplete, unsigned or lacking required documentation. 21. AUTHORIZED SIGNATURE The signature appearing below must belong to an employee of the company who is authorized to sign this application on behalf of the company. I attest to the accuracy of the information which is provided hereinabove. (signature) (title) (date) (print name) H: \WPDATAUGIF`JGI APPLICATION PACKET rev.4- 5- 2002.doc 6of6 — w. NcH c G o� 0 Rte% PALM BEACH COUNTY JOB GROWTH INCENTIVE GRANT PROGRAM AWARD PER JOB GUIDELINES The amount of the award per jab identified below is a guideline only. The actual award per job may not necessarily be based solely on the number of jobs indicated below. Other factors can influence setting the amount of the award per job, including but not limited to: applicant company is a targeted industry; relocation/expansion site is in a development region and/or enterprise zone; involves construct 1 on/renovation of a facility; average annual salary of new jobs; limited available funds in JGI Fund; and competition among applicants for the remaining funds_ NUMBER OF JOBS AWARD AMOUNT PER JOB (Guideline Only) 50-99 $500-900 100- 149 $ 1 ,000 - 1,400 150-249 $ 1,500 - 1,900 250- $ 2,000 OTHER FACTORS Targeted Cluster Industry $ aerospace / engineering $ agribusiness / equine $ business / financial services $ communications / information technology $ medical / phannaceutical / health care $ tourism / recreation / entertainment Relocation/Expansign Site in Palm Beach County site is within a development region and/or florida enterprise zone involves major investment, including construction or renovation of a facility Average Salary of New Jobs $ applicant will meet or exceed Palm Beach County's average annual wage of $35,080 (figure excludes benefits) or industry average annual wage or applicant will provide a high to very high average anrival salary (i.e., far in excess of $35,080). H MPDATA`JGIrUGI APPLICATION PACKET rev. 4- 5- 2002.dco Iofl Business Development Board - Palm Beach County's Business Resource Page 1 of 2 Business Assistance Qualified Target Industry Tax Industry Clusters Refund Equestrian W Events The Qualified Target Industry (QTI) Tax Refund Newsmakers incentive is available for companies that create high Moving Up wage, value added jobs in targeted high value -added Press industries such as (but not limited to): Membership Information communications, corporate headquarters, research & 9 development, manufacturing, and electronic Membership Directory equipment. Pre - approved applicants who create jobs Facts & Lifestyle in Florida receive tax refunds of $3,000 per net new Economic & Research Florida full time equivalent job created; $6,000 in an Information Enterprise Zone or Rural County. For businesses Contact Us paying 150 percent of the average annual wage, add 23 $1,000 per job; for businesses paying 200 percent of 25 the average annual salary, 2,000 per job- New 9 Y, $ P j 28 or expanding businesses in selected targeted - -- industries or corporate headquarters are eligible. News National Homeland Security Knowledgebase My Florida Enterprise Florida Nome I In the. News I About-the BDB I Business. Assistance. I Workforce Alliance Clusters I Facts & Lifestyle I Membership InternetCoast SATOP:; Business Assistance Guide �- Brochures and Collaterals BDB Plus e- Newsletter ©2003 Business Development Board - All Rights Reserved. Site Map e and F :s b IThis Site & lL• << December 2003 S M T W T F 1 2 3 4 5 7 8 9 10 11 12 ] 14 15 16 17 18 19 . 21 22 23 24 25 26 1 28 29 30 31 Month at a Glance>> More Events>> DOW S&P500 NASDAQ 30 YR Bond Loc4_StQck5 Most Active! Get a quote: Bank©fAmer.ca� a APL 9 BELLSC?Ui`H IN PM 18T1G' _1i0xlyzk templeto Onown CONVA C I n g U i a WIR6:6.E http: / /www.bdb.org /index.php ?src= gendocs &link =qti &category = business assistance 12/12/2003 Business Development Board - Palm Beach County's Business Resource Page I of 2 Business Assistance Industry Clusters Equestrian . Events Newsmakers Moving Up Press Membership Information Membership Directory Facts & Lifestyle Economic & Research Information Contact Us News National Homeland Security Knowledgebase My Florida Enterprise Florida Workforce Alliance InternetCoast SATOP Business Assistance Guide Brochures and Collaterals BDB Plus e- Newsletter Site Map 1 -- This Site m I�"ufiflcz�trc�r�� Quick Response Training Incentive Quick Response Training (QRT) is a customer - driven training program designed to assist new value -added businesses and provide existing Florida businesses the necessary training for expansion. This program is customized, flexible and responsive to individual company needs. Workforce Florida Inc. is Florida's innovative private - public partnership for competitive workforce incentives. For additional information on these incentives, visit Workforce Florida. Home I In the_News About the.BDB Business.Assistance Clusters i Facts, &_lifestyle I Membership H 1.) f ©2003 Business Development Board - All Rights Reserved. - - _icined and << December 2003 S M T W T F 1 2 3 4 5 7 8 9 10 11 12 1 14 15 16 17 18 19 21 22 23 24 25 26 28 29 30 31 Month at a Glance>> More Events>> DOW SAP5,0.o NASDAQ 3Q- YR_Bond Wcal.5tocks Most Active! Get a quote: 1+ 8ankofAmerica FFL S'4TAC1`TI�STi11 templeto N COMPA e;° Merchant Services tetv ... /index_php ?src= gendocs &link= quick_ response_ training_ incentive &category= business_assi 12/ 12/2003 Business Development Board - Palm Beach County's Business Resource Page 1 of 2 Business Assistance Industry Clusters Equestrian Events Newsmakers Moving Up Press Membership Information Membership Directory Facts & Lifestyle Economic & Research Information Contact Us News National Homeland Security Knowledgebase My Florida Enterprise Florida Workforce Alliance InternetCoast SATOP Business Assistance Guide Brochures and Collaterals BOB Plus e- Newsletter Site Map This Sit �3 e v Economic Development Transportation Fund The Economic Development Transportation Fund, commonly referred to as the "Road Fund," is an incentive tool designed to alleviate transportation problems that adversely impact a specific company's location or expansion decision. These grants are limited to $2 million and are awarded to the local government for public transportation facility improvements. Home I In..the. News I About the. BDB I BusinessAssistance I Clusters l Facts_ & Lifestyle I Memb.efs -- 1:1 1") 13 ©2003 Business Development Board - All Rights Reserved _._f* << December 2003 S M T W T F 1 2 3 4 5 7 8 9 10 11 12 l 14 1.5 16 17 18 19 21 22 23 24 25 26 28 29 30 31 Month at a Glance>> More Events>> DOW 5. &P500 NASDA -Q 30 -YR Bond Local-Stocks Most Active- Get a quote: Bank of America 00,A APL (Da UELLSOUTH: ��T�C:TI�O`rT1i tunpleto wagon & comr>/N SuN uS . /index.php ?src= gendocs& link = economic _development_transportation_ fund &category =bus 12/12/2003 Business Development Board -Palm Beach County's Business Resource Page I of 2 Business Assistance High Impact Performance Industry Clusters Incentive Grant Equestrian W Events The High Impact Performance Incentive Grant (HIPI) Newsmakers is a negotiated incentive used to attract and grow Moving Up major high impact facilities in Florida. Grants are Press provided to pre- approved applicants in certain high - Membership Information impact sectors designated by the Governor's Office of 9 Tourism, Trade and Economic Development. In order Membership Directory to participate in the program, a company must be in Facts & Lifestyle a designated high impact sector; create at least 100 Economic & Research new full -time equivalent jobs (if a research and Information development facility, create at least 75 new full -time Contact Us equivalent jobs) in Florida in a three year period; and 23 make a cumulative investment in the state of at least 25 $100 million (if a research and development facility, 28 make a cumulative investment of at least $75 million) -- in a 3 -year period. News National Homeland Security Knowledgebase My Florida Enterprise Florida Home I In-A e_News I Aboot_ the. BQB I Business Assistance Workforce Alliance Clusters I Facts &..Lifestyle I Membership InternetCoast SATOP Business Assistance Guide Brochures and Collaterals BDB Plus e- Newsletter ©2003 Business Development Board - All Rights Reserved. Site Map 5 rne• a-:d P,-,ioet w_d ,. z L C 1. ccris-oft This Site f-16b11cAFlryns << December 2003 S M T W T F 1 2 3 4 5 7 8 9 10 11 12 1 14 15 16 17 18 19 21 22 23 24 25 26 28 29 30 31 Month at a Glance>> More Events>> DOW S &P500 NASQAQ 30 YR Bond Local -Stocks Most Active: Get a quote: BankofAt tl.Br c '00" FZPL =0 �'4�iG'I°TC7't'I21 ternpleto l l r& CONIIII /N a lerlhlnt Services tiery / index. php? src= gendocs& link= high_impact_performance_ incentive_ grant &category= businl 2/ 12/2003 Business Development Board - Palm Beach County's Business Resource Page t of 2 Business Assistance Capital Investment Tax Credit << December 2003 Industry Clusters S M T W T F Equestrian The Capital Investment Tax Credit is an annual credit 1 z 3 a s 7 g 9 10 11 12 I Events against the project's Florida corporate income tax for Newsmakers up to 20 years. Eligible projects are those in 14 15 16 17 19 19 Moving Up designated, high - impact sectors (currently silicon 21 22 23 2a 25 26 technology, biotechnology, biocertain transportation 2s 29 30 31 Press equipment manufacturing or certain information Membership Information technology facilities) that create at least 100 jobs and Month at a Glance>> Membership Directory invest at least $25 million in eligible capital costs. More Events>> Facts & Lifestyle Eligible capital costs include all expenses incurred in the acquisition, construction, installation and Economic & Research equipping of a project from the beginning of Information construction to the commencement of operations., Contact Us The level of investment and the project's Florida . corporate income tax liability for the 20 years following commencement of operations determines 42v1 SAP5oo the amount of the annual credit. Florida's Corporate NASA_9Q 30 YR_Bond Income Tax Rate is 5.5% of apportioned taxable Local Stocks Most Active: News income. National Homeland Security Knowledgebase Get My Florida a quote:......_ _. Enterprise Florida Workforce Alliance Home I In the _Nevv gbo_Vt the._BDB I Business_Assistan.ce InternetCoast Clusters I Facts_& Lifestyle I Memb-er_ship SATOP, Business Assistance Guide 7 H I_) J-3 Brochures and Collaterals c BDB Plus e- Newsletter Site Map ©2003 Business Development Board - All Rights Reserved. /rte I . AWL This Site TH @ SELL SOUTH �1TtC5HCrvi r� s a�rs.•i,. RSM McGladrey ,inr:nr, L 1_ .. ' Qi TPLM"T TC ... /index.php ?src= gendocs& link= capital_investment_tax_credit &category= business assistancl2 /12/2003 PZATOUR.COM - The Official The Honda Classic Site Page 1 of 4 he Honda classic 4& Home • Players Tourna FEATURES Tournament Home Full leaderboard Local Info Field Tee Times Tickets Sponsorships Course News Results Winners Schedule Charity Scoring • Stats • Shop • Multimedia • Instruction • Travel • Fantasy • Events • TOURCA The Honda Classic Sponsorships r Honda American Honda is the proud sponsor of The Honda Classic at the Country Club at Mirasol. Our special thanks go to the more than 1,200 volunteers, whose devotion of time, energy and enthusiasm throughout the year has ensured the tournament's success. Click on the Honda logo above to learn more about Honda's corporate involvement within your community. Sponsorship Packages -- Call us at 561- 514 -6999 Hospitality Sky Suites' Honda Classic Sky Suites provide the ultimate in corporate hospitality. Combine the comfort of home with the greatest spectator view in golf and you have a winning combination with which to entertain your clients or friends. The suites surround the 18th green and provide both climate control and stadium -style seating. Each suite includes: • Observation Deck • Deluxe Beverage Service from 11 a.m. to the close of play with your own personal attendant • Stadium -style seating • Television Monitors • Air Conditioning • Computerized Scoring System • Gourmet Catering Additional Classic Sky Suite -- $26,000 • One Private Luxury Sky Suite with Accommodations for 50 people (50 passes per day, Thursday- Sunday) • 25 Tournament Passes (good all week) • Twelve Gold Eagle Parking Passes • 100 Complimentary Parking Passes • Sponsor Listing on Patron Board and in Souvenir Program Corporate Sky Suite -- $21,000 • One Private Luxury Sky Suite with Accommodations for 30 people (30 passes per day, Thursday - Sunday) • 15 Tournament Passes (good all week) • Six Gold Eagle Parking Passes http: / /www.hondaciass]c.com /tournaments /r010 /sponsor.html z 1/24/2004 PGATOUR.COM - The Official The Honda Classic Site • 60 Complimentary Parking Passes • Sponsor Listing on Patron Board and in Souvenir Program Executives Club -- $8,000 • Hospitality Accomodations for Ten people per day (Thursday - Sunday) • Ten Tournament Passes (good all week) • Two Gold Eagle Parking Passes • Six Complimentary Parking Passes • Sponsor Listing on Patron Board and in Souvenir Program " includes gourmet catering Pro -Am Events Page 2 of-4 Tee it up with the pros at The Country Club at Mirasol on Wednesday, March 10, 2004 This premier Pro -Am is guaranteed to include the top 52 money winners in the tournament from the 2002 PGA TOUR money list. Acura Golden Eagle Pro -Am -- $4,000 per person / $16,000 per foursome • One Playing Spot in the Wednesday Pro -Am paired with a PGA TOUR Professional and three amateurs • One Gold Eagle Pro -Am Gift Package • One Player Credential and guest pass for admission to the Golden Eagle Hospitality Tent (Wednesday - Sunday) • Four Tournament Passes (good all week) • One Gold Eagle Parking Pass (good all week) • Four Complimentary Parking Passes (good all week) • One Invitation for you and a guest to the Golden Eagle Pairings Party, Sunday March 7, 2004 • One Invitation for you and a guest to the Awards Reception following play • Sponsor Listing in Souvenir Program and on Patron Board Wachovia Silver Eagle Pro -Am -- $1,750 per person / $7,000 per foursome • One playing spot in the Monday Pro -Am paired with a PGA TOUR Professional and three amateurs • One Silver Eagle Pro -Am Gift Pack • One player credential and guest pass (good all week) • Two Tournament Passes • One Gold Eagle Parking Pass • Two Complimentary Parking Passes • One Invitation to the Pro -Am Pairings Brunch • One invitation for you and a guest to the awards reception following play • Sponsor Listing on Patron Board and in Souvenir Program Corporate Golf Events Ferguson Enterprises Corporate Cup - $2,500 per foursome Four Playing Spots in the 2003 Corporate Cup Scheduled for Monday EA�rrh A ')OOA http: / /www.hondaclassic.com /tournaments /r010 /sponsor.html 1/21/2004 P60-ATOUR.COM - The Official The Honda Classic Site Page 3 of 4 IVIGI VII T, LV VT • Four Tee Gift Packages • Buffet lunch for each participant prior to play • Four Tournament Passes for the 2004 Honda Classic (good all week) • Four Complimentary Parking Passes (good all week) • Awards Banquet following play crowning the 2004 Corporate Cup Champion • Prizes awarded for the First, Second and Third Place teams • Sponsor Listing on The Patron Board and in Souvenir Program Corporate Display Corporate Display 1 -- $5,500 • One 20'x 20' booth to display, sample, coupon or sell your products and services • 1 half -page (B /W) advertisement in Souvenir Program (upgrades available) • 10 Tournament Passes (good all week) • 8 Complimentary Parking Passes (good all week) . 8 Vendor Badges (good all week) Corporate Signage • Sponsor Name Listing in Souvenir Program • Sponsor Name Listing on Patron Board Corporate Display 2 -- $3,500 • One 20'x 10' booth to display, sample, coupon or sell your products and services • 6 Tournament Passes (good all week) . 4 Complimentary Parking Passes (good all week) • 8 Vendor Badges (good all week) • Corporate Signage • Sponsor Name Listing in Souvenir Program • Sponsor Name Listing on Patron Board Advertising Souvenir Program The Tournament Program is available at no cost to all of our spectators, sponsors, and at our corporate venues throughout the week. The following ad spots are available: • Four Color Ad - $2,500 • Two -page Spread - $4,000 • Full Page Black & White Ad - $1,600 • Half -Page - $1,600 • Inside_ Front Cover - $4,000 • Inside Back Cover - $3,500 • Page 1 - $3,500 Mechanical requirements: • Trim size: 8 3/8" x 10 7/8 ". Bleeds are available on full -page ad spreads only at a10% surcharge. Dimensions: http: / /www.hondaclassic.com /tournaments /r010 /sponsor.htm] 1/21/2004 PGATOUR.COM - The Official The Honda Classic Site Page 4 of-4 • Full page T' X 10" Non - bleed, 8 5/8" X 11 1/8" Bleed • Half page 7 1/2" X 4 7/8" • Spread 17" X 11 1/8" Bleed Film Requirements: All four -color advertisements must be provided in final film (right read, emulsion side down - RRED) with accompanying match print or color key. Recommended line screen is 150. For black and white ads, the recommended line screen is 120, 133 maximum. Spectator Guide The Spectator Guide provides the daily pairings and is distributed at various locations throughout the golf course ensuring availability to all spectators. The following ad spots are available: • Four Color Full Page - $3,000 • Inside Front Cover - $4,500 • Inside Back Cover - $4,000 Dimensions: • Trim Size: 3 7/8" X 8 1/2" . • Bleed Size: 4 1/8" X 8 3/4" • Live printed matter must be 3/8" from bleed edges. Film Requirements: All four -color ads must be provided in final film (right read, emulsion side down - RRED) with accompanying match print or color key. Recommended line screen is 133,150 maximum. NOTE: All black and white ads for the Program must be supplied camera -ready - film negative with positive for proofing. Ads to be composed are subject to charges for mechanicals, film, separations (if necessary), typesetting and design and layout. Prices will be quoted on an individual basis and billed accordingly. About Us , Terms of Service. 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A 7 I ro a M I �o , OM�yO O U O / z I� j I to c7d L zoz I o�� H � �a ... A 7 I ro a M I �o , OM�yO O U O / 1 \1. Notes from North Carolina Trip Submitted by Dolores Key Michael I. Luger, Ph.D. The University of North Carolina at Chapel Hill Kenan Institute of Private Enterprise The Kenan Center, CB 3440 Chapel Hill, North Carolina 27559 -3440 Phone: (919) 962 -8870 Develop 2 -3 scenarios of how the acreage might be developed. Use The Scripps Research Institute as the "anchor" & build on that knowledge. Determine the basic needs of The Scripps Research Institute. • Physical structure of TSRI. • Infrastructure needed: • Lab requirements. • Bio- hazard waste disposal. • Electric & back up. • I.T. lines / requirements — "hard" wired vs. wireless with antennas. • Water purification. • Linkage to schools, products, & services. • Number of employees anticipated. • Parking at facility. • Housing. For ancillary businesses spun from The Scripps Research Institute project consider: ■ Movement of people between "campus" companies. ■ Cluster like businesses together. ■ Consider "mini -hub" theory. Make a "wish list" from the City's point of view. Perhaps, form a Conceptual Planning Task Force. • Recreation center. • Arts center. • Find the balance between business interests & City interests. In the development of the scenarios — run the numbers to show the impact. • Retail component — within / without. • Residential — within / without. • Resulting infrastructure demands: • Water. • Sewer. • Trips on roads. • Open space. • Trails & recreation opportunities. • Organize the site. Research Triangle Park is an "old" model — over 40 years & not appropriate in today's world. • Transit unfriendly. • Employees must have their own cars to move about — very spread out & is an impediment to knowledge transfer / interaction. • Needs to have more concentration of development. • Inefficient use of space & time. ROI was not important to the founder of Research Triangle Park. May want to consider special school district for the site — as opposed to a charter school that is steeped in controversy. • S.A.S. (Statistical software company) developed a "private" school that has become a new model for public schools in North Carolina. Has developed new models of curriculum that has been adopted. • Jim Goodnight @ SAS • Cary Academy BRANDING will be imperative for the success of the research park. This is something that Research Triangle Park has done extremely well. May also want to consider outside consultants that have specialized in developing a research park. Legal: Sanford Holshouser Womble, Carlisle & Hunt Planning: Will forward names if we are interested. s� Better model for a research park is Centennial Campus developed at North Carolina State University in Raleigh, NC. Challenges will be intergovernmental issues, politics, and sustained commitment to the project. State's support of both soft and hard infrastructure development. Areas that he considers noteworthy: San Diego, CA (transformation from Navy town to bio- research hub) Austin, Texas Phoenix, AZ Dr. Luger will be meeting with the BDB on December 8th & gth to work on the "business plan" / board of director aspect of the Scripps site project. He will, also, reinforce the importance of looking at the whole picture — not just components - from a planning perspective. Additional Notes: • Scripps project is an opportunity of a generation — biggest thing since NASA located in Florida. • Mini -hubs theory in NC — leveraging Research Triangle Park's branding and success to further stimulate economic growth in surrounding areas for "other" skills / needs that are within an economic ring. • Need to coordinate training of work force to take advantage of the employment options that will be presented. • Look at the three aspects of the success of a research park & clearly identify objectives. o Real estate o Institute o Partnerships • Cluster Management Organization should include promote a policy that is explicit and transparent. • Identify cross cluster groups (industries) that may be grouped together to enhance the bigger success. • Continually update your data / knowledge and be prepared to adjust to changing economic conditions. • Work in a coordinated fashion. 0 CENTENNIAL PARK CAMPUS Amy Lubas, Partnership Director North Carolina State University - Centennial Campus Box 7005 Raleigh, NC 27695 -7005 Phone: (919) 515 -7036 Centennial Park is fully owned by NCSU. NCSU = 850 acres Centennial Park = 1,200 acres Vet School = 250 acres • University's stance is that the park is about partnerships, not the real estate. ■ Enters into "long term" land leases with appropriate companies that are a fit with the park's philosophy. ■ Leases go through the University's Board of Directors and ultimately signed by the Governor of North Carolina. ■ Broke ground in 1989. ■ Lease rates are $22 - $23 / sf ■ Will not break ground on the next phase until current structures are 97% occupied. ■ Biggest selling point: Access / resource to intellectual knowledge ■ All companies must show research / development linkage. • Residential component: o All attached (town- homes) — high density o . No single family units. ■ 35,000 residents / employees / students mix is the goal. ■ Have grouped site into clusters — IT, Textile, etc. ■ Has a golf course that will be used by research to develop new turfs. ■ Claude McKinney was the planner — also planned Columbia, Maryland. Took lessons learned and incorporated them into Centennial Park. Has offered to put together a "seminar" series for City staff if we provide areas of interest. IE: legal aspect, bio- medical needs, planning, etc. Will pull in facility from NCSU to conduct the seminars. 3 Fin -al Edition; o Paiaaeha ► SCRIPPS f?'om Pal it 1 v 1� r..: y be pave �vould is hog '� ipus hOpS. , Farm also !asterri small hoes ' cornE rer .. ee.s,, 1 v 1� r..: y be pave owe the then th ipus the'f$e( uIti !asterri small both,::] Semini, o'ifer ;Would ;1 nunty Be eke; proper to get 5 to't he, . wOWE we an shows:' Bed; we -can m i` ThE t this acres ',: tunes t of this pies ,,:: oundt lief tha 1 OA ► flack ti resea�rc 1 v 1� r..: y