Local Incentives
Cash for Jobs
The PEDC will consider a total cash incentive towards the creation and retention of jobs, paid over the term of the agreement and pending average wage. The total incentive per FTE offered will be contingent on the average wage per job, the actual number of jobs being created, and the timeframe of job creation.
Land Grant
The PEDC considers a fair market value per acre at the site. As a part of the incentive package, the land purchased may be offered at a discounted rate depending on the economic impact of the project.
Infrastructure Grant
The PEDC is willing to discuss and negotiate an infrastructure grant to assist with the development of the property or elements associated with the property as it pertains to accessibility, functionality, or efficiency of the development of the incoming industry.