State Incentives Sample Clauses
State Incentives. In addition to the COF Grant, in order to induce ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to make or have made on its behalf a Capital Investment of at least Fifteen Million Seven Hundred Fifty Thousand and 00/100 Dollars ($15,750,000.00), to retain at least Eight Hundred Ninety-Five (895) Baseline Jobs and to relocate such jobs to the Facility, and to create and Maintain at least Three Hundred Forty-Eight (348) New Jobs, all by and through the Performance Date, the Commonwealth expects to provide an estimated Three Hundred Forty-Eight Thousand and 00/100 Dollars ($348,000.00) from the Virginia Jobs Investment Program, which shall be used by ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to pay or reimburse itself for recruitment and training costs.
6. All other provisions of the Performance Agreement remain in full force and effect. [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
State Incentives. In addition to the COF Grant, in order to induce APT to make a Capital Investment of at least Six Million Eight Hundred Thousand and 00/100 Dollars ($6,800,000.00) and to create and Maintain a minimum of three hundred sixty-eight (368) new jobs (in excess of the Baseline) by expanding, improving, equipping, operating, and maintaining the Facility in Arlington County, the Commonwealth will provide up to Three Hundred Sixty- Eight Thousand and 00/100 Dollars ($368,000.00) from the Virginia Jobs Investment Program, which shall be used by APT to pay or reimburse itself for recruitment and training costs for such new jobs. APT will receive One Thousand Dollars ($1,000.00) per each qualifying new job from the Virginia Jobs Investment Program, to be paid by the Commonwealth promptly following an application by APT following the new job having been employed by APT for ninety (90) days.
State Incentives. The COF Grant is the only incentive being offered by the Commonwealth to AIR to induce AIR to make a Capital Investment of at least Twelve Million Five Hundred Thousand and 00/100 Dollars ($12,500,000.00) and to create and Maintain at least three hundred twenty (320) New Jobs by locating, renovating, improving, equipping, operating and maintaining the Facility, all as of the Performance Date. The proceeds of the COF Grant shall be used for the purposes described in Section 3(d).
State Incentives. In addition to the COF Grant, in order to induce Lidl to make a Capital Investment of at least Seventy-Seven Million and 00/100 Dollars ($77,000,000.00), and to create and Maintain a minimum of five hundred (500) New Jobs by acquiring, improving, equipping, operating, and maintaining the Lidl Facility in Arlington County as of the Performance Date, the parties mutually understand the Commonwealth has stated its intention to provide the following additional incentives to Lidl:
(i) an estimated Five Hundred Thousand and 00/100 Dollars ($500,000.00) from the Virginia Jobs Investment Program, which shall be used by Lidl to pay or reimburse itself for recruitment and training costs; and
(ii) an estimated Two Million and 00/100 Dollars ($2,000,000.00) Virginia Economic Development Incentive Grant, the proceeds of which may be used by Lidl for any lawful purpose.
State Incentives. In addition to the COF Grant, in order to induce BNA to meet the Capital Investment Target and the New Jobs Target by renovating, improving, equipping, operating, and maintaining the Facility in Arlington County, the Commonwealth will provide up to $100,000 from the Virginia Jobs Investment Program, which shall be used by BNA to pay or reimburse itself for recruitment and training costs for such New Jobs. BNA will receive $800 per each qualifying New Job from the Virginia Jobs Investment Program, based upon the procedures and timing for that Program.
State Incentives. In addition to the COF Grant, in order to induce Nestle to meet the Capital Investment Target and the New Jobs Target by expanding, improving, equipping, operating, and maintaining the Facility in Arlington County, the Commonwealth will provide:
(i) VJIP: up to One Million One Hundred Twenty-Two Thousand and 00/100 Dollars ($1,122,000.00) from the Virginia Jobs Investment Program (“VJIP”), which shall be used by Nestle to pay or reimburse itself for recruitment and training costs for such New Jobs. Nestle will receive One Thousand Five Hundred and 00/100 Dollars ($1,500.00) per each qualifying New Job from the Virginia Jobs Investment Program, to be paid by the Commonwealth promptly following an application by Nestle following the New Job having been employed by Nestle for at least ninety (90) days; and
(ii) VEDIG: up to a Four Million and 00/100 Dollars ($4,000,000.00) VEDIG, payable in five annual installments of up to Eight Hundred Thousand and 00/100 Dollars ($800,000.00) each, to be paid by the Commonwealth to Nestle commencing in the third fiscal year after Nestle has achieved its Targets.
State Incentives. In addition to the GOF Grant, in order to induce CEB to make and/or have made on its behalf a Capital Investment of at least One Hundred Forty-Nine Million Seven Hundred Thousand and 00/100 Dollars ($149,700,000.00) and to create a minimum of eight hundred (800) New Jobs by expanding, equipping, operating, and maintaining the CEB Facility at the Central Place development in Arlington County as of the Performance Date, the Commonwealth expects to provide the following additional incentives to CEB:
(i) an estimated Three Hundred Eighty-Four Thousand and 00/100 Dollars ($384,000.00) Virginia Jobs Investment Program grant, the proceeds of which shall be used by CEB to pay or reimburse itself for recruitment and training costs;
(ii) an estimated Five Million and 00/100 Dollars ($5,000,000.00) Virginia Economic Development Incentive grant, the proceeds of which may be used by CEB for any lawful purpose; and
(iii) an estimated tax credit of up to Six Hundred Fifty Thousand and 00/100 ($650,000.00) under the Major Business Facility Jobs Tax Credit program, which may be used by CEB has an offset to Virginia corporate income taxes that may be owed by CEB.