Incentive Description. Eligible Employees will be eligible to earn up to a maximum of $5,000.00 (five thousand dollars).
Incentive Description. Is this incentive tax increment financing? Yes No If yes, describe the type of district Business Investment Value Contribution of property or infrastructure Preferential use of government facility Direct cash transfer, loan, or equity investment Guarantee of payment under loan, lease, or other obligation Reduction or deferral or tax or fee Interest buy-down Assisting community Development Increasing tax base Directly creating employment opportunities Indirectly creating employment opportunities through increased economic activity Job retention (only in cases where job loss is specific and demonstrable)
Incentive Description. Is this incentive tax increment financing? Yes No If yes, describe the type of district: Project Description: Assisting community development Increasing tax base Directly creating employment opportunities Indirectly creating employment opportunities through increased economic activity Job Retention (only in cases where job loss is specific and demonstrable) Current Number of jobs (FTE’s): FTE Definition: For our reporting purposes, full time equivalent employees work 32 hours per week or greater. The exception is when a single position is filled by two people. In this instance each person needs to work 20 hours per week or greater to be considered an FTE. Please round total job numbers to the nearest half FTE (0.5 FTE). Average Hourly Wage Value of Average Benefits Per hour Average Hourly Compensation (Wages plus benefits) Seasonal Explain * If this is a new business, check here and please enter 0 for jobs, wages, benefits and compensation. If this is an existing business with employees, please enter information that reflects your current status with regard to jobs, wages, benefits and compensation. Name Email Phone In exchange for the incentive provided by the GRANTOR, the RECIPIENT agrees to, within 2 years, (check only one) Create Jobs Retain Jobs Neither create nor retain jobs** in (Location) Number of jobs (FTE’s) to be created or retained: FTE Definition: For our reporting purposes, full time equivalent employees work 32 hours per week or greater. The exception is when a single position is filled by two people. In this instance each person needs to work 20 hours per week or greater to be considered an FTE. Please round total job numbers to the nearest half FTE (0.5 FTE). Average Hourly Wage Value of Average Benefits Per hour Average Hourly Compensation (Wages plus benefits) **If ‘neither’ is check marked, please enter 0 for number of jobs, wages, etc. Even RECIPIENTS with no job goals must file recipient reports as described on page 3 of this document. Any increase in jobs, wages, benefits or total compensation will be reported as a bonus above and beyond project goals. List the names and addresses of any individuals or shareholders owning twenty percent (20%) or more of this business. Owner or Shareholder Mailing Address City State Zip In addition to meeting the goals outlined in this document, the RECIPIENT agrees to the following terms as specified by N.D.C.C. §54- 60.1:
Incentive Description. Is this incentive tax increment financing? Yes No If yes, please explain the type of district Incentive Type (check only one) Public Purpose (check only one) Direct cash transfer, loan, or equity investment Contribution of property or infrastructure Reduction or deferral of tax or fee Guarantee of payment under loan, lease, or other obligation Preferential use of a government facility Interest buy-down Assisting community development Increasing tax base Directly creating employment opportunities Indirectly creating employment opportunities through increased economic activity Job Retention (only in cases where job loss is specific and demonstrable) Is this a new business or a business with no full-time employees? Yes No If yes, please enter ‘0’ for the current number of jobs, average hourly wage, and average hourly benefits below. If no, please enter the current number of jobs, average hourly wage and average hourly benefits below.
