Agenda - Economic Development Authority - 08/13/2015

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Job Creation Award What jobs are eligible for an award? A qualified Minnesota JCF Business is eligible for an annual award for each new job created and maintained by the business at the project site. For a NEW full-time Employee position to be considered eligible for a payment in a given 12 -month period, it must meet the following: A. The NEW full-time Permanent position did not exist prior to the JCF award and is filled by an employee who began work in the position at the Project Site on or after the Benefit Date (i.e., not a contracted employee) and is scheduled to work at least 2,080 hours. B. Full-time Employees may include NEW positions that are filled by staff that worked: • 1,040 or fewer hours annually for the JCF business prior to full-time employment, or • full-time for the JCF business outside Minnesota but the position was transferred to the JCF site. Jobs relocated to the site from other JCF business Minnesota locations are not eligible. C. The JCF business must maintain the NEW full-time permanent position for a minimum period of not less than one (1) year to receive the annual award. Any NEW full-time permanent position vacant for more than 90 days during the reporting year is not eligible for a rebate. D. Employee must be paid total compensation of at least $12.61 per hour, adjusted annually on January 1 as of the reporting date ($12.82 in 2016). This number equates to 110% of the federal poverty level of a family of four as determined by the U.S. Health and Human Services Department. The benefits in addition to wages that include statutory required benefits as FICA, unemployment insurance and workers' compensation. E. All new jobs generally must be in addition to existing job totals in Minnesota. New job creation will be compared to pre-JCF base employment levels noted in the Business Subsidy Agreement. Adopted: April 17, 2015 Page 1 3