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-_~W <br />Bu X 17 PAU 94416 053 <br />• The contribution will also be based on the quality of jobs created. Wage rates for <br />both existing and new businesses will be based on the company's average weekly <br />wage as reported to theEmployment Security Commission.. See schedule below for <br />percentages of funds allocated:' <br />Wage Rates <br />$9.00-10.00 <br />$10.00-12.00 <br />$12.00+ <br />• Upon approval, allocated funds can be used for any item as stated in N.C. Gen. Stat. <br />158-7.1. <br />• <br />The contribution will also be based on the quality of jobs created. Wage rates for <br />both existing and new businesses will be based on the company's average weekly <br />wage as reported to the Employment Security Commission. See schedule below.for <br />percentages of funds allocated: <br />Wa eg Rates Percent of Total <br />$9.00-10.00 <br />50% <br />$10.00-12.00 <br />75% <br />$12.00+ <br />100% <br />The entitlement period shall be determined by negotiation between the Lee County <br />Economic Development-.Corporation, City of Sanford, and the company. <br />C. Town of Broadway <br />Businesses or industries which meet the criteria established above will be eligible for <br />additional incentives if they expand or locate within the corporate limits of Town of <br />Broadway where the Board of Commissioners deem it appropriate as follows: <br />• A maximum contribution of 50 percent of the increased tax revenue for. five years <br />• The entitlement period shall be determined by negotiation between the Lee County <br />Economic Development Corporation, Town of Broadway, and the company. <br />Percent of Total <br />50% <br />75% <br />100% <br />• Upon approval, allocated funds can be used for any item as stated in N.C. Gen. Stat. <br />158-7.1. <br />0 <br />._FVOR41'I CAROLINA, LEE CCU <br />Adopted by Lee County Board of Commissions =}999 <br />Page 3 of 3 <br />? .Y J or re„ is 'aLOr~~tt <br />da, <br />f <br />#eoie W. 7r»mas V,,a <br />• Register at f :.eas <br />