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"Subzone" means the parcel or parcels of land within the Region V Zone in the City which the <br /> Commissioner of DEED has now, or at any time in the future shall, designate to receive certain tax credits <br /> and exemptions specified under the JOBZ Act. <br /> "Zone" means a Job Opportunity Building Zone or an Agricultural Processing Facility Zone designated by <br /> the Commissioner of DEED under the JOBZ Act. <br /> H. BUSINESS SUBSIDY REQUIREMENTS <br /> The requirements for a Business Subsidy herein described apply to any Business Subsidy, including any JOBZ <br /> Business Subsidy. If the Acts are amended to modify any of these requirements, then the requirement or <br /> requirements set forth in the Acts shall replace the requirement or requirements set forth in this Section and be <br /> incorporated herein without amendment to this Policy or any type of action of the City. <br /> A. Business Subsidy Implementation. A Business Subsidy Recipient, including a Qualified Businesses <br /> receiving a JOBZ Business Subsidy,must: <br /> mwm <br /> 2. Enter into a Business Subsidy Agreement with the City that complies with the Business Subsidy Act and <br /> the requirements set forth herein, <br /> 3. Agree to comply with annual reporting as required by the Business Subsidy Act and the JOBZ Act, <br /> 4. Meet a public purpose as described in Section II B. below and either achieve job and wage goals as <br /> described in Section II. C below or meet the goals described in Section II D. below, <br /> 5. Meet all of the additional policies set forth in Section II. D below, including holding a public hearing if <br /> required and complying with payback provisions. <br /> B. Public Purpose. Every Business Subsidy, including a Qualified Business receiving a JOBZ Business <br /> Subsidy, must meet a public purpose as follows, which may include but must not be limited to increasing <br /> the tax base: <br />