Performance Based Economic Incentive Grants have been utilized to assist businesses such as
Engineered Material Systems with new road infrastructure and fiber optic installs.
Performance Based Economic Incentive Grant
These are need and return on investment (ROI) based grants to assist companies with costs associated with infrastructure needed for the project (including fiber) but can be negotiated to assist with other project related costs such as School Pilot Payments, office build-out in a spec building, etc.
A project must be at a 25% or greater ROI after other incentives including tax abatements are applied utilizing the following formula in order to qualify for.
((Projected Income Tax from New (not retained unless it is shown that a company will leave without the abatement on an expansion/retention project) Payroll for Entire Term of Projected Abatement X (multiplied by) Most recent IMPLAN multiplier for industrial or commercial)
Forms, Applications and Downloads