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Agenda - Economic Development Authority - 08/13/2015
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Agenda - Economic Development Authority - 08/13/2015
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3/18/2025 10:12:56 AM
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8/19/2015 9:33:01 AM
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Meetings
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Economic Development Authority
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08/13/2015
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What are the wage requirements for the different award levels? <br />As of January 1, 2015, the award schedule for these NEW full-time employee positions is as <br />follows: <br />2015 Annual Total Cash Wage <br />2014 Annual Total Cash Wage <br />Award Schedule <br />$26,335 <br />- $35,450 <br />$26,000 <br />- $35,000 <br />$1,000 <br />$35,450 <br />- $45,579 <br />$35,000 <br />- $45,000 <br />$2,000 <br />$45,579 <br />+ <br />$45,000 <br />+ <br />$3,000 <br />*Cash Wage means the hourly cash wage the employee is paid. <br />How to Document the Job Creation? <br />JCF businesses need to submit the JCF Report Form and necessary company payroll records to <br />document timing and compensation of the NEW full-time employee positions to receive an <br />award. Each job has been in place and filled for at least one (1) year since the business <br />received Minnesota JCF designation. DEED may also request additional information as <br />deemed necessary by DEED. <br />Thank you for expanding in Minnesota. Please call Emily Johnson (651-259-7450) or Tom <br />Washa (651-259-7483) if you have any questions about the Job Creation Fund program. <br />Adopted: April 17, 2015 <br />Page 1 4 <br />
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