Qualification Requirements Abatement Level / Term
Minimum Requirement = 2 New FT Employees w/ 51% Healthcare and $100,000 Capital Investment Created w/in 12 Months of NOI 50% Abatement, 10 Year Term Capped at 100%, 10 Year Term
Additional Increment Benefits – New Jobs Additional Incremental Benefits – New Jobs
3+ New FT Employees 5% Additional Abatement
5+ New FT Employees 7% Additional Abatement
10+ New FT Employees 10% Additional Abatement
15+ New FT Employees 15% Additional Abatement
20+ New FT Employees 20% Additional Abatement
50+ New FT Employees 25% Additional Abatement + 5 Years
100+ New FT Employees 30% Additional Abatement + 10 Years
Additional Increment Benefits – Average Payroll Additional Increment Benefits – Average Payroll
Avg. New Payroll at 100% of County Average 1% Additional Abatement
Avg. New Payroll at 110% of County Average 5% Additional Abatement
Avg. New Payroll at 120% of County Average 10% Additional Abatement
Avg. New Payroll at 130% of County Average 20% Additional Abatement + 5 Years
Additional Increment Benefits – Capital Investment Additional Increment Benefits – Capital Investment
Capital Investment Exceeding $0.5 Million 5% Additional Abatement
Capital Investment Exceeding $1 Million 10% Additional Abatement
Capital Investment Exceeding $5 Million 15% Additional Abatement + 5 Years
Capital Investment Exceeding $10 Million 20% Additional Abatement + 10 Years
Crawford County Wages (July 2010) – Hourly Crawford County Wages (July 2010) – Annually
$14.10 / Hour $29,319 / Year