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Bounty for Business

Bounty for Business. City Council Workshop Direction/Discussion (February 28, 2012) City Staff to Draft Program Guidelines Conduct Informal Survey of New Businesses Feedback from Chamber, Flagler County ED, and FCAR Proposed Program Guidelines Direction/Discussion (March 13, 2012)

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Bounty for Business

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  1. Bounty for Business

  2. City Council Workshop Direction/Discussion (February 28, 2012) • City Staff to Draft Program Guidelines • Conduct Informal Survey of New Businesses • Feedback from Chamber, Flagler County ED, and FCAR • Proposed Program Guidelines Direction/Discussion (March 13, 2012) • City Council to Provide Feedback to City Staff • City Staff to Summarize Feedback • City Council Workshop (May 29, 2012) • Feedback Summary • Finalized Program Guidelines • City Council Business Meeting (June 19, 2012) • City Council Consideration Background & History

  3. Section 3. Eligibility Requirements • Recruiter • Palm Coast Citizen or Palm Coast Business Owner • NOT City Manager, or on City Council • NOT Employed, or Volunteer in Economic Development • Must Pre-Apply for Program • Must Apply Every Year for Rewards • Business • Employ ≥ 3 Full Time Employees with NO Ownership Interest • Must Establish a Palm Coast Commercial or Industrial Location • NOT a Home Based Business • Must be a Primary Employer • Must be a Relocating or Expanding Business from Outside Flagler County • Must have been in Similar Business for at least 3 years Proposed Program Guidelines

  4. Section 4. Pre-Application - Provide Contact Information of Businesses • Section 5. Application Process - Submit Application and Documentation • Section 6. Reward Levels • Option A- $500/Job Created/Retained, Total Max $10k • Option B – Flat Fee with Business Incentives • Consensus - No Preference for this Option • Option C – Flat Fee of $1,000 Total for Recruiter • Certificate at Opening • $500 after 6 months • Additional $500 after 1 year • Section 7. Approval • Staff to Review Applications and Disclose Awards at City Council Meetings • First-Come, First Serve Basis, Limited to Funding Availability Proposed Program Guidelines

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