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06 - Business Subsidy Policy - Public Hearing
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05-04-2004 Council Meeting
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06 - Business Subsidy Policy - Public Hearing
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y , , <br /> C. Job and Wage Goals. Except as provided in Section II D. herein, every Business Subsidy Recipient, <br /> including a Qualified Business receiving a JOBZ Business Subsidy, must meet at least the job and wage <br /> goals described herein within two (2) years of the Benefit Date, unless an extension is rantedursuant to <br /> the Acts or an amendment to the Acts extends this time. € <br /> x <br /> In addition, every Business Subsid Reci Tent must create the number of ;r <br /> Agreement and must mee�h Juba " specified in the Business Subsidy <br /> e wage goals for those fobs specified in the Business Subsidy Agreement <br /> bst g` etkf may ci��ntau sepatate jcifi and,wage g`✓ pert-time jbbs and full time, <br /> .. _„ _. fibs. FTE <br /> �In cases where the public purpose of <br /> the Business Subsidy is the retention of existing fobs the Business Subsid Recipient must demonstrate <br /> that job loss is s ecific and demonstrableS PIP, <br /> us <br /> 1. General Job Goal. For all Business Subsidies, the Business Subsid Reci ient must create and retain <br /> at least <br /> 2. General Wa a Goal. For all Business Subsidies, the Business Subsid Recipient must create <br /> that a at least r 4� <br /> law <br /> FEDERAL MINIMUM WAGE(WHAT IS NOW) <br /> 3. JOBZ Job Goal. For all JOBZ Business Subsidies, the Qualified Business must create and retain at <br /> least <br />
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