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RESOLUTION#2004-109 Page 4 5. Economic Feasibility. The recipient must demonstrate to the satisfaction of the County that it has adequate financing for the project and that the project will be completed in a timely fashion. 6. Retail or Service Business. A retail or service business will not be considered for a business subsidy unless the project will create substantial quality employment or a substantial tax base,provide a necessary service not already provided in the community, or redevelop a blighted area. D. OTHER FACTORS TO BE CONSIDERED The County may consider the following factors when considering an application for a business subsidy: 1. Wage and Job Goals. It is the County's policy to target its business subsidy assistance to businesses that demonstrate a clear and ongoing commitment to the community by providing livable wage jobs to their employees. Nevertheless,not all projects assisted with subsidies derive their public purpose and importance solely by virtue of job creation. In addition, the imposition of high job creation requirements and high wage level requirements may be unrealistic and counter-productive in the face of larger economic forces or the financial and competitive circumstances of an individual business. In determining the requirements for a project under consideration for a business subsidy, the determination of the number of jobs to be created and the wage levels therefore will be guided by the following principles and criteria: a. The evaluation of projects will take into consideration the project's importance in and benefit to the County from all perspectives, including created or retained jobs. b. Wage and job goals may be set after consideration of the following factors: (i) prevailing wage rates;(ii)local economic conditions;(iii)external economic forces over which neither the County nor the recipient of the subsidy has control; (iv) the financial resources of the recipient;and(v)the competitive environment in which the recipient's business exists. c. If the public purpose to be furthered by the business subsidy relates primarily to purposes other than the creation or retention of employment opportunities, then job and wage goals shall be a minor consideration in the granting of the business subsidy. Notwithstanding the amount of business subsidy,none or only a nominal number of jobs may be required if the Board of Commissioners finds that the business subsidy will serve a substantial public purpose other than the creation or retention of employment opportunities. d. If a particular project does not involve the creation of jobs, but is nonetheless found to be worthy of support and subsidy,assistance may be approved without any specific job or wage goals if permitted by applicable law. 2. Growth Potential. Based on recipient's market studies and plans for expansion, the County may consider whether and to what extent the project is expected to be expanded to produce a net increase of full-time equivalent jobs beyond those required in the wage and job goals established by the County. . 3. But For Test. There is a substantial likelihood that the project would not go forward without the business subsidy. This criterion may be met based solely on representations of the recipient of the business subsidy. 4. Tax Base. The project will increase or preserve the tax base. (The Act requires that a project must provide at least one other public benefit.) 5. Public Facilities. The project will provide or help acquire or construct public facilities. 6. Redevelopment. The project will help develop or renew blighted areas. 7. Services. The project will help provide access to services for residents of the County. 8. Retain Business. The project will retain a business that is at risk of relocating. 9. Impact on Surrounding Areas. The impact of the project on surrounding areas will be taken into consideration,.- Impacts include but are not limited to:—the extent to which the subsidy may create competitive disadvantage,pollution,traffic,sewer and water,parks,-and and need for additional law enforcement or other governmental services_: A