Laserfiche WebLink
<br />· the type of industry as a further diversification of the county's business base <br /> <br />. thesize and scope of the project based upon investment in site development, facilities, <br />buildings and other business infrastructure inclusive ofteclmology <br /> <br />· the diversity, quality and quantity of jobs created by a project and the availability of labor <br />inclusive of job retention and retraining opportunities <br /> <br />. the relationship between workforce development and total project investment <br /> <br />· the potential for future expansion of investment and employment <br /> <br />· site specific issues impacting upon public infrastructure <br /> <br />· actions that if pursued, stimulate development in areas of the county deemed beneficial <br /> <br />· the ratio of investment in real versus personal property assets <br /> <br />. the environmental impact of the project <br /> <br />· issues of significant importance related to a particular project <br /> <br />III. PROJECT QUALIFICATIONS <br />A primary intent of the INDUSTRIAL DEVELOPMENT GRANT PROGRAM is to expand and <br />diversify the county's property tax base. Minimum investment and employee wage factor criteria <br />may be established as a requirement for consideration and award of a grant for eligible projects. <br />These criteria are used as guidelines in project evaluations. They may be expanded upon or added <br />to for a specific project and incorporated in the terms of the formalized grant award agreement <br />between the participants. <br /> <br />· Minimum total project investment (based upon the estimated project real and personal <br />property assessments to be confirmed by the county assessor} <br /> <br />Small Corporate Headquarters grant category - $3 million <br />Level I grant category - $ 5 million <br />Level 2 grant category - $50 million <br />Level 3 grant category - $100 million <br /> <br />Small Corporate Headquarters grant - a special grant category for a business that has a <br />minimum total project investment of $3 million, but less than $5 million, which brings its <br />corporate headquarters to Cabarrus County. The grant is based upon a project's estimated tax <br />revenue generation value, calculated to equate to approximately 50% of the value ofreal and <br />personal property tax revenue value anticipated to be generated by the project. The value for <br />real property investments shall be calculated based on a period of four (4) consecutive years <br />- 3 - <br /> <br />G-s <br />