| | | | | | | | | Plantation City Council Meeting Agenda | Notice of City Council Meeting | Wednesday, May 26, 2021 ~ 7:00 PM |
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City of Plantation City Council Chambers and via Zoom
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| | | | | | | | Subject:
Economic Development Incentive request for “Project Eterias” |
| | | | | | | | Summary:
Project Eterias is seeking Local support is seeking support consistent with the State’s Qualified Target Industry “pay for performance” program. Due to the non-renewal of the QTI program, Broward County and the City of Plantation will administer the Strategic Job Creation Incentive (SJCI) program. The combined incentive is $1,000 per net new job. This is proposed to be shared equally with Broward County. If the performance parameters are met, the City’s portion will be $250,000, payable over six(6) years, an average annual payout of $42,000. For this purpose, an authorizing Resolution is attached and is recommended for City Council adoption. |
| | | | | | | | Funding:
Requested total funding is $250,000. It is anticipated that the incentive will be paid out over six years if our efforts are successful. Funds will be budgeted in the PZED Department. |
| | | | | | | | Prepared By:
Jason Nunemaker, CAO |
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