Agenda - Council - 01/13/2009 - Laserfiche WebLink

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Section 4: Goals and Public Purpose Identified in the Agreement 28. Minn. Stat. §1167.994 requires that business subsidy and financial assistance agreements state a public purpose. Which of the following public purposes were stated in the agreement? (Mark all that apply.) ❑ Enhancing economic diversity ❑ Creating high - quality job growth ❑ Job retention ❑ Stabilizing the community ❑ Increasing tax base (cannot be only purpose) ❑ Other (please specify) 29. Indicate whether the agreement included the following types of goals, and whether the recipient had attained those goals at the time of this report. (Fill in the boxes and attainment date(s) for each goal.) Goals Target attainment All goals established? dates (month & year) attained? A) Specific wage and job goals to be attained within 2 years , 0 Yes ❑ No ❑ Yes 0 No B) Other job- creation and/or retention goals ❑ Yes ❑ No ❑ Yes ❑ No C) Other wage goals ❑ Yes ❑ No ❑ Yes ❑ No D) Goals other than wage and job goals ❑ Yes . ❑ No ❑ Yes ❑ No Please attach descri.tion o oals and .ro: ess toward attainment (i not documented in 0uestions 30 and 31. 30. For each of the following wage categories, indicate the (new) job creation and/or retention goals stated in the agreement and the average hourly value of any employer - provided benefits goals for those jobs. (Full -time jobs are defined as new, permanent, non seasonal positions created subsequent to the business subsidy agreement in which employees are scheduled to work on average at least a 35 hour work week. Part-time is defined as a new job in which an employee works for the recipient at a rate less than 35 hours per week within a recipient location). Job retention is defined as jobs at a specific wage level that exist prior to the signing of the business subsidy agreement. There must be evidence that the retained jobs will be lost without business assistance or where job loss is specific and demonstrable. Hourly Value of Hourly Wage A. (New) Full -time B. (New) Part -time Total Jobs Hourly Value of Non- Health (excluding benefits) Job Creation Job Creation C. Job Retention . (A +B +C) Health Insurance Insurance Benefits no hourly wage -level goal less than $7.00 $7.00 to $8.99 $9.00 to $10.99 $11.00to$12.99 $13.00 to $14.99 $15.00 to $16.99 $17.00 to $18.99 $19.00 to $20.99 $21.00 to $22.99 $23.00 to $24.99 $25.00 to $26.99 $27.00 to $28.99 $29.00 to $30.99 $31.00 and higher Minnesota Business Assistance Form (3/25/08) Page 3 of 5 Dept. of Employment and Economic Development -211-