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, or
|
New Business Benefit Level Options
| |
---|---|
Qualification Requirements
|
Abatement Level/Term
|
Minimum Requirements -As determined by DED: 2 new FT employees
- $100,000 (minimum) capital investment Health Insurance at all times,
of which 50% is paid by employer
|
50% abatement/10 years
|
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 (minimum) capital investment
Replacement Facility -2 new FT employees and $1,000,000 (minimum)
capital investment
Health Insurance at all times, of which 50% is paid by employer
|
50% abatement/10 years
|
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
|