project plug-in
DESCRIPTION
Project Plug-In. Economic Development Opportunity. Background. Local Company with International Company Backing (Investment and Partnership) Looking at Palm Coast and other Locations Competing in Race to Capture Stake of Smart Grid Market Create 40 Primary Jobs over Next 3 Years - PowerPoint PPT PresentationTRANSCRIPT
Project Plug-InEconomic Development Opportunity
Background• Local Company with International Company
Backing (Investment and Partnership)• Looking at Palm Coast and other Locations• Competing in Race to Capture Stake of
Smart GridSmart Grid Market• Create 40 Primary Jobs over Next 3 Years
– High Technology and Support Staff– 115% Above Flagler County Average Annual
Wage• State and Local Incentives Crucial to
Location Decision (Enterprise Flagler Pursing State Incentives)
Proposed Local Incentives
• Connection to City FiberNET at No Cost– Long Term Cost Reductions for Company– Estimated savings up to $500 per month
Proposed Local Incentives
• Local Job Creation Grant– Equivalent to Portion of Taxes
Generated by Leased Space for 5 Years– Based on Number of Local Employees
Proposed Local Incentives
• Job Relocation Cost Reimbursement– 50% of Job Relocation Costs– Up to $1,500 Reimbursement per
Employee– Must Relocate from Outside County– Must be above 115% of County Annual
Average Wage
Proposed Local Incentives
• Possible Future Partnerships– Product Rollout– Participation in Pilot Program
ALL INCENTIVES PERFORMANCE BASED