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Performance -Based Incentive is Calculated as Follows: <br />Inducement Grant calculated at 75% of the estimated county <br />taxable value of the project's capital investment, for up to 5 <br />years. (For example, assuming a $48 million maximum <br />investment, approximately $308,000 annually x 5 years = <br />approx. $1.5 million total). <br />Performance grant will include a "claw- back" provision in the <br />contract to ensure that the firm's annual target for capital <br />investment & jobs creation is first verified, before any County <br />incentive would be provided over the initial 5 -year term. <br />Company would be required to provide health insurance for <br />its employees during the incentive period, as also required by <br />the State's incentive grant. <br />