AG 2006 11 20 - Laserfiche WebLink

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. the type of industry as a further diversification of the county's business base . the size and scope of the project based upon investment in site development, facilities, buildings and other business infrastructure inclusive of technology . the diversity, quality and quantity of jobs created by a project and the availability of labor inclusive of job retention and retraining opportunities . the relationship between workforce development and total project investment . the potential for future expansion of investment and employment . site specific issues impacting upon public infrastructure . actions that if pursued, stimulate development in areas of the county deemed beneficial . the ratio of investment in real versus personal property assets . the environmental impact of the project . issues of significant importance related to a particular proj ect III. PROJECT QUALIFICATIONS A primary intent of the INDUSTRIAL DEVELOPMENT GRANT PROGRAM is to expand and diversify the county's property tax base. Minimum investment and employee wage factor criteria may be established as a requirement for consideration and award of a grant for eligible projects. These criteria are used as guidelines in project evaluations. They may be expanded upon or added to for a specific project and incorporated in the terms of the formalized grant award agreement between the participants. . Minimum total proj ectinvestment (based upon the estimated project real and personal property assessments to be confirmed by the county assessor) Small Corporate Headq\larters grant category - $3 million Level 1 grant category - $ 5 million Level 2 grant category - $50 million Level 3 grant category - $100 million Small Corporate Headquarters grant - a special grant category for a business 'that has a minimum total project investment of $3 million, but less than $5 million, whiCh brings its corporate headquarters to Cabarrus County. The grant is based upon a project's estimated tax revenue generation value, calculated to equate to approximately 50% of the value 'of real and personal property tax revenue value anticipated to be generated by the project. The value for real property investments shall be calculated based on a period of four (4) consecutive years - 3 - G-l.