Economic Development Opportunity Project Plug-In Economic Development Opportunity

Background Local Company with International Company Backing (Investment and Partnership) Looking at Palm Coast and other Locations Competing in Race to Capture Stake of Smart Grid Market Create 40 Primary Jobs over Next 3 Years High Technology and Support Staff 115% Above Flagler County Average Annual Wage State and Local Incentives Crucial to Location Decision (Enterprise Flagler Pursing State Incentives)

Proposed Local Incentives Connection to City FiberNET at No Cost Long Term Cost Reductions for Company Estimated savings up to $500 per month

Proposed Local Incentives Local Job Creation Grant Equivalent to Portion of Taxes Generated by Leased Space for 5 Years Based on Number of Local Employees

Proposed Local Incentives Job Relocation Cost Reimbursement 50% of Job Relocation Costs Up to $1,500 Reimbursement per Employee Must Relocate from Outside County Must be above 115% of County Annual Average Wage

Proposed Local Incentives Possible Future Partnerships Product Rollout Participation in Pilot Program ALL INCENTIVES PERFORMANCE BASED