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Agenda - 03-24-2011 - 1
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Agenda - 03-24-2011 - 1
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Last modified
8/3/2012 4:28:59 PM
Creation date
3/21/2011 12:19:06 PM
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BOCC
Date
3/24/2011
Meeting Type
Municipalities
Document Type
Agenda
Agenda Item
1
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Minutes 03-24-2011
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\Board of County Commissioners\Minutes - Approved\2010's\2011
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28 <br />o New job/ local job projections <br />o Wage structure/benefits <br />o Water & sewer needs <br />o Transportation/ access needs <br />• Evaluation criteria <br />o Amount of new investment <br />o Number/type new jobs vs. relocations <br />o Job training incentives <br />o Wage structure <br />o Employee benefits <br />o Amount of state/ Wake County incentives <br />o Timeframe for investment /job creation <br />o Potential for expansion <br />o Business plan/financial history of applicant <br />o Competition for project <br />o Impact on existing quality of life <br />o Past record of and proposed community involvement <br />o Compatibility of project with Comprehensive Plan <br />o Increase in marginal tax base vs. increase in marginal water & <br />sewer usage <br />o Impact on traffic <br />o Green technology/environmental impact <br />ZEBULON <br />• Ty~e - `business investment grant' <br />• Amount of Incentive -1.5% of value of new investment <br />Incentive payment period - up to 5 years <br />. Capital Investment Requirement - $10M <br />job Creation Requirement - 50 new jobs <br />• Wage Quality <br />o Pay at least average wage for Wake County by occupation <br />o Provide health insurance at least equal to minimum required un <br />William S. Lee Act, i.e. minimum of 50% of premium <br />. Miscellaneous Information <br />o All project reviewed on case-by-case basis <br />Evaluation Criteria (minimum) <br />o Types of new jobs <br />o Potential for expansion <br />o Reputation of company <br />o Competition for project <br />o Water an sewer needs <br />o Impact on existing quality of life <br />Page 12 of 13 <br />
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