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Commissioner Reives — would like to know the definition of "small business ". Would like <br />for the Board to compromise on the $20 million investment for a new company and <br />decrease the required number of employees. <br />After further discussion, Commissioner Reives moved that on Section #6 of the Resolution, the $20 <br />million investment for a new business be reduced to $10 million. Upon a vote, the results were as follows: <br />Aye: Dalrymple, Frazier, and Reives <br />Nay: Knecht, Parks, Smith, and Womack <br />The Chairman ruled the motion had failed with a 4 to 3 vote. <br />Commissioner Frazier moved to amend Section #4 of the Resolution to reduce the number of new jobs <br />that must be created for a new business from twenty -five (25) to fifteen (15). Upon a vote, the results <br />were as follows: <br />Aye: Dalrymple, Frazier, and Reives <br />Nay: Knecht, Parks, Smith, and Womack <br />The Chairman ruled the motion had failed with a 4 to 3 vote. <br />Commissioner Womack moved that an additional "Whereas" be added to the Resolution as follows: <br />"Whereas, there are a variety of ways the county of Lee provides assistance to <br />industries and businesses seeking to locate within its boundaries. These <br />guidelines deal solely with direct financial assistance." <br />Upon a vote, the results were as follows: <br />Aye: Dalrymple, Frazier, Knecht, Parks, Reives, Smith, and Womack <br />Nay: None <br />The Chairman ruled the motion had been adopted unanimously. <br />Commissioner Womack addressed a correction to the wording in Section #5 that should read as follows: <br />"Each job counted towards the incentive must be full -time employees, defined <br />as a person employed at 35 hours or more a week, with a salary or wage package <br />that includes health benefits. These positions shall be reported monthly by the <br />company to Division of Employment Security at the Department of Commerce." <br />No vote was taken but all were in agreement to the revised wording. <br />With no additional changes made, Commissioner Womack moved to approve the Resolution for <br />Economic Incentives Guidelines be approved as amended, a copy of which is attached to these Minutes <br />and by this reference made a part hereof. Upon a vote, the results were as follows: <br />4 <br />