1. Economic Development Opportunity
Project Plug-In
Economic Development Opportunity

2. 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)

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

4. 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

5. 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

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