Net new job definition

Net new job means a job created in a tax-free Rhode Island area that satisfies all of

Net new job means a job created in a tax-free NY area that satisfies all of the following criteria:

Net new job means a job created in [a tax-free NY area] an EPIC

Examples of Net new job in a sentence

• Table 4-6: Construction Job Creation ProjectionsFTE CONSTRUCTION JOBSDeve lopm ent Cost in Given Year ($000) Wages @ 25% Devel Cost ($000)2011 Constr Wages/Worker = $ 49,972 Net new job growth is based on the introduction of new types of development that represent new FTE (full‐time‐equivalent) jobs: retail and office (both professional and local‐serving).

• Organizations may apply to the fund if they contribute to four (4) of the following:• Advancement of economic development and diversification activities and opportunities;• Improvement of business conditions to enable long-term economic growth;• Net new job creation and either tax base expansion or tax base maintained; and• Strengthen existing and support new approaches to improve local economic conditions.

More Definitions of Net new job

Net new job means a job created in a tax-free New Jersey area

Net new job means a job created in this state that:

Net new job means a job that was (a) created after the effective date of the Contract, (b) resulted in a net increase in overall employment on or at the Xxxxxxx Aviation Park, and (c) is performed by a full-time employee or a full-time equivalent employee on or at the Xxxxxxx Aviation Park who works at least 35 paid hours per week. Jobs are not considered Net New Jobs if they are (A) moved from other workplaces in Florida, unless the relocated positions are back-filled with net new-to-Florida full-time-equivalent jobs paying at least the wage of the transferred position(s); or (B) temporary construction jobs involved with the construction of the Project, or temporary or seasonal jobs associated with cyclical business activities or to substitute for permanent employees on a leave of absence. The calculation of the number of certifications and the other performance metrics shall be made by Xxxx Xxxxxx or another similarly qualified economist or analyst selected by Triumph. At any time and from time to time, upon written request by Triumph, SRC shall within thirty (30) days of such request, deliver to Triumph such data, reports, payroll records, financial statements and reporting, and other documents, instruments, and information, as well as its State of Florida employment reporting forms (collectively, “Back-up Data”) as Triumph requires in order to determine whether SRC achieved of any or all of the above performance metrics. SRC’s refusal or failure to timely provide any requested Back-up Data shall be deemed SRC’s failure to timely achieve all of the above performance metrics. Notwithstanding the foregoing, so long as SRC is making diligent efforts to obtain the Back-up Data from third parties, the thirty (30) day deadline described above shall be reasonably extended with respect to any Back-up Data needed to be obtained from third parties.

Net new job means a job created in a Tax-Free VT area that

Net new job means a job that was (a) created after the Effective Date, (b) resulted in a net increase in overall employment on or at the Shoal River Ranch Mega Site, and (c) is performed by a full-time employee or a full-time equivalent employee on or at the Shoal River Ranch Mega Site who works at least 35 paid hours per week. Jobs are not considered Net New Jobs if they are (A) moved from other workplaces in Florida, unless the relocated positions are back-filled with net new-to-Florida full-time-equivalent jobs paying at least the wage of the transferred position(s); or (B) temporary construction jobs involved with the construction of the Project, or temporary or seasonal jobs associated with cyclical business activities or to substitute for permanent employees on a leave of absence. The calculation of the number of Net New Jobs and the other performance metrics shall be made by Xxxx Xxxxxx or another similarly qualified economist or analyst selected by Triumph. At any time and from time to time, upon written request by Triumph, Okaloosa County shall within ten (10) days of such request, deliver to Triumph such data, reports, payroll records, financial statements and reporting, and other documents, instruments, and information, as well as its State of Florida employment reporting forms (collectively, “Back-up Data”) as Triumph requires in order to determine whether Okaloosa County achieved of any or all of the above performance metrics. Okaloosa County’s refusal or failure to timely provide any requested Back-up Data shall, for purposes of Section 8.4 below, be deemed Okaloosa County’s failure to timely achieve all of the above performance metrics.

Net new job means a job that: (1) is new to this State;

Net new job means a job that was (a) created after the effective date of the Contract, (b) resulted in a net increase in overall employment on or at the Xxxxxxx Aviation Park, and (c) is performed by a full-time employee or a full-time equivalent employee on or at the Xxxxxxx Aviation Park who works at least 35 paid hours per week. Jobs are not considered Net New Jobs if they are (A) moved from other workplaces in Florida, unless the relocated positions are back-filled with net new-to- Florida full-time-equivalent jobs paying at least the wage of the transferred position(s); or (B) temporary construction jobs involved with the construction of the Project, or temporary or seasonal jobs associated with cyclical business activities or to substitute for permanent employees on a leave of absence. The calculation of the performance metrics shall be made by Xxxx Xxxxxx or another similarly qualified economist or analyst selected by Triumph. Triumph shall have the discretion to waive, reduce, extend, or defer any clawback amounts due if it determines in its sole and absolute discretion that (i) a breach of a representation and warranty herein or in the Grant Application, or a breach, violation, or default of or under any other provision of the Agreement, was not material in nature, (ii) based on quantitative evidence, the performance metrics were not achieved due to negative economic conditions beyond SRC’s reasonable control, (iii) SRC made a good faith effort to achieve full performance of at least one of the performance metrics and its failure to do so does not substantially frustrate the general purpose of the Grant, and/or (iv) based on quantitative evidence, the effects of a named hurricane or tropical storm, or specific acts of terrorism, adversely affected SRC’s ability to achieve at least one of the performance metrics. In addition to the above clawbacks, in the event SRC fails to fully pay the full $1,300,000 Incentive Portion of the Matching Funds (whether such incentives are paid in the form of cash payments, tenant improvement allowances, tax credits, tax rebates, tax reduction, or other forms of consideration) by the date which is the tenth (10th) anniversary of the date on which the last disbursement of the Grant occurred, SRC shall, within thirty (30) days after written demand by Triumph, repay to Triumph an amount equal to 73.4% of the positive difference between (i) $1,300,000, minus (ii) the amount of the Incentive Portion of the Matching Funds actually pai...