Economic Development Grant 50+

City of Daytona Beach Economic Development Grant Application

For Private Companies With More Than 50 Employees
APPENDIX

EXPLANATION OF TERMS
The following terms used in this Application have the meanings set forth below:

AFFILIATE – An entity that is controlled, directly or indirectly, by the ultimate parent entity of such person.

APPLICANT – The entity(ies) that will satisfy all job creation and capital investment requirements under the incentive agreement with the Department and which are applying on or amending this Application.

BROWNFIELD Site with a Brownfield Site Rehabilitation Agreement – Has the meaning ascribed to such term in Section 288.107 of the Florida Statutes.

CONTROL – The power, directly or indirectly, to direct the management or policies of a company, whether through ownership of securities, by contract, or otherwise. Any person or entity that (i) is a director, general partner or officer exercising executive responsibility (or having similar status or functions); (ii) directly or indirectly has the right to vote 50% or more of a class of a voting security or has the power to sell or direct the sale of 50% or more of a class of voting securities; or (iii) in the case of a partnership, has the right to receive upon dissolution, or has contributed, 50% or more of the capital, is presumed to control that company.

DEPARTMENT – The Department of Commerce

E-VERIFY SYSTEM – Has the meaning ascribed to such term in Section 448.095 of the Florida Statutes.

FELONY – For jurisdictions that do not differentiate between a felony and a misdemeanor, a felony is an offense punishable by a sentence of at least one year imprisonment and/or a fine of at least $1,000. The term also includes a general court martial.

FOUND – Includes adverse final actions, including consent decrees in which the respondent has neither admitted nor denied the findings, but does not include agreements, deficiency letters, examination reports, memoranda of understanding, letters of caution, admonishments, and similar informal resolutions of matters.

FULL-TIME EQUIVALENT JOB – One employee or two or more employees (without duplication) who perform at least 35 hours of paid work per week.

JOBS – Has the meaning ascribed to such term in Section 288.076 of the Florida Statutes.

MISDEMEANOR – For jurisdictions that do not differentiate between a felony and a misdemeanor, a misdemeanor is an offense punishable by a sentence of less than one year imprisonment and/or a fine of less than $1,000. The term also includes a special court martial.

NAICS – Those classifications contained in the North American Industry Classification System, as published in 2017 by the Office of Management and Budget, Executive Office of the President, and updated from time to time.

ORDER – A written directive issued pursuant to statutory authority and procedures, including orders of denial, suspension, or revocation; does not include special stipulations, undertakings or agreements relating to payments, limitations on activity or other restrictions unless they are included in an order.

PRINCIPAL EXECUTIVE OFFICER – With respect to any entity, such entity’s chief executive officer, chief financial officer, chief operations officer or any person who performs similar functions regardless of title.

PROJECT – Has the meaning ascribed to such term in Section 288.076 of the Florida Statutes.

RURAL AREA OF OPPORTUNITY – Has the meaning ascribed to such term in Section 288.0656 of the Florida Statutes.

SUBSIDIARY – An entity that is directly or indirectly controlled by the Applicant or the Ultimate Parent.

ULTIMATE PARENT – An entity that directly or indirectly controls the Applicant, which is not directly or indirectly controlled by any other entity.

1. Signature
The undersigned person hereby affirms that he or she has been duly authorized and empowered to verify, execute and deliver this Application, that he or she will read this Application (including all attachments hereto) and he or she has knowledge of all of the facts stated herein, and that this Application, and all information submitted in connection herewith, shall be complete and accurate and shall contain no misstatements, misrepresentations, or omissions of material facts, to the best of his or her knowledge and belief.
Signature*
Date

MonthDayYear
Today's Date
Name of Applicant*
Title of Applicant*
Company Name*
2. Business Information
A. Full Legal Name of the Applicant*
B.Please provide contact information for the primary contact at the Applicant.
Name*
Title*
Telephone No.*
Please Enter the Phone Number of the Primary Contact
Email Address*
This email address will receive the emails related to this form
Street Address of Your Company*
Street Address
Country*
* For an explanation of certain capitalized terms used in this Application, please see Appendix 1.
Have you already applied for an Economic Development Grant from the State of Florida*

YesNo
If you have completed an Economic Development Grant from the State of Florida please upload a copy of that document here.*

Cancelof

4. Job and Wage Overview
A. How many new-to-Florida Full-Time Equivalent Jobs are projected to be created as part of the Project?*
B. If the Applicant operates in Florida, how many of the Applicant's Full-Time Equivalent Jobs in Florida that would have otherwise moved to another state are projected to be retained as part of the Project?*
C. What is the projected annualized median wage (excluding benefits) of the retained Full-Time Equivalent Jobs in Florida listed in Section 4(B) above (if any)?*
All cash payments to the employees (other than reimbursements of business expenses) should be included.
C. Formatted Annualized Median Average Wage
D. What is the projected annualized median wage (excluding benefits) of the new Full-Time Equivalent Florida jobs created as part of the Project?*
D. Formatted Annualized Median Average Wage
E. What is the projected annualized average cost to the Applicant of benefits for each Full-Time Equivalent Job created and retained as part of the Project?*
E. Formatted Annualized Median Average Wage
F. Please list the benefits that are included in the above calculation (e.g., health insurance, matching 401(k) contributions, etc.)?*
G. Does the Applicant contract with a Professional Employer Organization (PEO) and have a PEO relationship with that PEO?

YesNo
If Yes, please provide the company name

6. Competitive Landscape
A. What role will the incentive(s) play in the Applicant's decision to locate the Project in Florida?
B. What other states or countries (including the cities) is the Applicant considering for the Project?
C. What advantages or incentives offered by these locations does the Applicant consider important in its decision?
D. What advantages or disadvantages offered by the proposed Florida location does the Applicant consider important in its decision?
E. Indicate any additional internal or external competitive issues impacting the Applicant's decision regarding the Project's location?

7. Disclosure
A. In the past 10 years, has (1) the Applicant, the Ultimate Parent Company or any of its Subsidiaries, (2) any Principal Executive Officer of the Applicant or the Ultimate Parent Company or (3) any entity that any Principal Executive Officer of the Applicant or the Ultimate Parent Company Controls or Controlled been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign or military court to any felony or Misdemeanor involving fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, or a conspiracy to commit any of these offenses?*

YesNo
If yes, explain?*
B. Is (1) the Applicant, the Ultimate Parent Company or any of its Subsidiaries, or (2) any Principal Executive Officer of the Applicant or the Ultimate Parent Company or (3) any entity that any Principal Executive Officer of the Applicant or the Ultimate Parent Company Controls (a) the subject of a pending criminal prosecution or governmental enforcement action in any jurisdiction; (b) to the best of the Applicant's knowledge after due inquiry, the subject of any criminal, civil, or regulatory investigation by any law enforcement authority in the State of Florida, or any regulatory body in the State of Florida; or (c) subject to any unsatisfied tax liens in Florida or judgment liens in any jurisdiction in the U.S.?*

YesNo
If yes, explain?*
C. In the past 5 years, has (1) the Applicant, the Ultimate Parent Company or any of its Subsidiaries, (2) any Principal Executive Officer of the Applicant or the Ultimate Parent Company or (3) any entity that any Principal Executive Officer of the Applicant or the Ultimate Parent Company Controls or Controlled (a) been named as a DEFENDANT in any civil litigation or arbitration in any jurisdiction, (b) had an application for license, or a license or its equivalent, to practice any profession or occupation denied, suspended or revoked in any jurisdiction, or (c) been subject to a bankruptcy or insolvency petition in any jurisdiction?*

YesNo
If yes, explain?*

8. Confidentiality
In accordance with Section 288.075 of the Florida Statutes, the Applicant may request that the confidentiality of all information regarding the Project (including information contained in this application) for the lesser of a 12 month period after the date of its earliest written request (which may be extended for an additional 12 months upon request), 6 months after the issuance of the final project order approving the project or until the information is otherwise disclosed.
Please indicate whether the Applicant is requesting confidential treatment of the Project in accordance with Section 288.075 of the Florida Statutes.*

YesNo
Please upload any supporting documents related to the Economic Development Grant here.

Cancelof
Should be Empty:

City of Daytona Beach Economic Development Grant Application

APPENDIX

1. Signature

2. Business Information

3. Project Overview

4. Job and Wage Overview

5. Capital Investment Overview

6. Competitive Landscape

7. Disclosure

8. Confidentiality