THE OFFICE OF ECONOMIC AND SMALL BUSINESS DEVELOPMENT RECOMMENDS APPROVAL OF THE ABOVE MOTIONS.
The Florida Department of Economic Opportunity (“DEO”) has requested a change to the job creation schedule previously approved for Ecolab, Inc. (Project Element) a project previously approved by the Broward County Board of County Commissioners (Board) as a qualified applicant for participation in the State of Florida Qualified Targeted Industry Tax Refund Program (“QTI”) and the QTI High Impact Sector Bonus Tax Refund Program on February 2, 2016 through Resolution No. 2016-050 (Agenda Item No. 14). The Agreement between DEO and Ecolab, Inc. (Project Element) contains a standard option to extend the job creation schedule by one year. Ecolab, Inc. (Project Element) has expressed its intent to exercise the option. In order for DEO to grant the option to extend the job creation schedule by one year, approval by the Board is required. The Office of Economic and Small Business Development requests that the Board authorize the County Administrator, or designee, to execute all necessary documents, after being reviewed for legal sufficiency by the Office of the County Attorney, to effectuate the requested change to the job creation schedule of Ecolab, Inc. (Project Element). There will be no change to the County’s monetary share of QTI local financial support required by Ecolab, Inc. (Project Element).
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