3.65.030 Scorecard for new businesses – Project evaluation criteria for new businesses to Jasper County.
New Investment in Property and Equipment | |
---|---|
$25,000 to $249,999 | 3 |
$250,000 to $499,999 | 6 |
$500,000 to $749,999 | 9 |
$750,000 to $999,999 | 12 |
$1,000,000 to $1,999,999 | 15 |
$2,000,000 to $3,999,999 | 18 |
$4,000,000 to $9,999,999 | 20 |
$10,000,000 to $49,999,999 | 25 |
$50,000,000 to $74,999,999 | 30 |
$75,000,000 and above | 35 |
SUBTOTAL: New Investment | |
New Employment: Number of New Full-Time Equivalent (FTE) Jobs | |
1 to 10 new FTE | 3 |
11 to 15 new FTE | 6 |
16 to 25 new FTE | 9 |
26 to 50 new FTE | 12 |
51 to 74 new FTE | 15 |
75 to 99 new FTE | 18 |
100 or more FTE | 20 |
SUBTOTAL: New Jobs | |
New Employment Wage Level: Percent (%) Above State of Indiana Minimum Wage* | |
200% to 224.9% of state minimum wage | 3 |
225% to 249.9% of state minimum wage | 6 |
250% to 299.9% of state minimum wage | 9 |
300% to 324.9% of state minimum wage | 12 |
325% to 349.9% of state minimum wage | 15 |
350% to 399.9% of state minimum wage | 20 |
400% or more of state minimum wage | 25 |
SUBTOTAL: New Employment Wage Levels | |
* State of Indiana minimum wage in effect on the date the application is filed. | |
Infrastructure Requirements Already in Place | |
Adequate Road | 2 |
Water | 2 |
Wastewater | 2 |
Electric Service | 2 |
Gas | 2 |
SUBTOTAL: Infrastructure | |
TOTAL POINTS: STANDARD CRITERIA | |
Bonus Evaluation Points | |
Targeted Industry Sector | 10 |
Project Located in Designed CRA | 10 |
Use of existing vacant structure | 2 |
Offers employer-sponsored health and wellness benefits | 1 |
Offers employer-sponsored retirement plan | 1 |
Designated Community Involvement | 3 |
Use of local suppliers and contractors in construction/operation of project | 2 |
Offers mentoring/internship program | 1 |
SUBTOTAL: Bonus Evaluation | |
TOAL POINTS: ALL CRITERIA | |
Transformative Multiplier (if applicable): Total Points multiplied by 1.2) |
[Ord. 2-10-20A § 1.]