|
11
|
Agriculture, Forestry, Fishing and Hunting
|
|
21
|
Mining
|
|
22
|
Utilities
|
|
23
|
Construction
|
|
31 — 33
|
Manufacturing
|
|
42
|
Wholesale
|
|
48 — 49
|
Transportation and Warehousing
|
|
51
|
Information
|
|
52
|
Finance and Insurance
|
|
53
|
Real Estate, Rental and Leasing
|
|
54
|
Professional, Scientific and Technical Services
|
|
55
|
Management of Companies and Enterprises
|
|
56
|
Administrative and Support and Waste Management and Remediation
Services
|
|
62
|
Health Care and Social Assistance
|
|
71
|
Arts, Entertainment and Recreation, excluding 7132 — gaming
operations
|
|
81
|
Other services, excluding 8131 — religious institutions
|
NEW BUSINESS BENEFIT LEVEL OPTIONS
| |
---|---|
QUALIFICATION REQUIREMENTS
|
ABATEMENT LEVEL/TERM
|
Minimum requirements — As determined by DED:
2 new FT employees — $100,000.00 (minimum) capital investment.
Health insurance at all times, of which 50% is paid by employer.
|
50% abatement/10 years
|
ABATEMENT LEVEL/TERM
| |
---|---|
ADDITIONAL ABATEMENT INCREMENT BENEFITS (Payroll average
must be 70% of County average)
| |
New Jobs
| |
50+ NEW FT employees
|
10 points
|
100+ NEW FT employees
|
20 points
|
250+ NEW FT employees
|
35 points
|
Average Payroll
| |
Average new payroll at 110% of County average
|
10 points
|
Average new payroll at 120% of County average
|
20 points
|
Average new payroll at 130% of County average
|
35 points
|
Investment
| |
Capital investment exceeding $10 million
|
10 points
|
Capital investment exceeding $25 million
|
20 points
|
Capital investment exceeding $50 million
|
30 points
|
Capital investment exceeding $75 million
|
40 points
|
Maximum of 100 points
100 points = 100% for 10 years
80 to 95 points = 85% for 10 years
50 to 75 points = 75% for 10 years
Below 50 points = minimum abatement level and term
|
EXISTING BUSINESS BENEFIT LEVEL OPTIONS
| |
---|---|
QUALIFICATION REQUIREMENTS
|
ABATEMENT LEVEL/TERM
|
Minimum requirements — As determined by DED:
2 new FT employees — $100,000.00 (minimum) capital investment.
Replacement facility — 2 new FT employees and $1,000,000.00
(minimum) capital investment.
Health insurance at all times, of which 50% is paid by employer.
|
50% abatement/10 years
|
ABATEMENT LEVEL/TERM
| |
---|---|
ADDITIONAL ABATEMENT INCREMENT BENEFITS (Payroll average
must be 70% of County average)
| |
New Jobs
| |
10+ NEW FT employees
|
5 points
|
15+ NEW FT employees
|
10 points
|
25+ NEW FT employees
|
20 points
|
50+ NEW FT employees
|
25 points
|
75+ NEW FT employees
|
40 points
|
150+ NEW FT employees
|
60 points
|
Average Payroll
| |
Average new payroll at 110% of County average
|
30 points
|
Average new payroll at 120% of County average
|
40 points
|
Average new payroll at 130% of County average
|
60 points
|
Investment
| |
Capital investment exceeding $5 million
|
10 points
|
Capital investment exceeding $10 million
|
25 points
|
Capital investment exceeding $25 million
|
30 points
|
Capital investment exceeding $50 million
|
40 points
|
Capital investment exceeding $75 million
|
60 points
|
Maximum of 100 points
85 to 100 points = 100% for 10 years
65 to 80 points = 85% for 10 years
50 to 60 points = 75% for 10 years
Below 50 points = minimum abatement level and term
|