Discussion Agenda Item III.A.1

Approval of D&S Consultants (DSCI) Qualified Target Industry (QTI)

Tax Refund Resolution

Qualified Target Industry Tax Refund Program

State QTI Program

• Created 1994 Section 288.106 Florida Statutes

• Goal: Encourage growth of high-skill, high-wage jobs in target industries

• Tax refunds for each job created

• Tax refunds paid over time only after jobs are created, maintained, and taxes paid

• State provides 80% of the payments

• Orange County pays 20%

QTI Program 2009

• Digital Risk, LLC – financial services company

• Kept 268 jobs

• 242 new jobs announced

QTI Program 2010• 9 QTIs• Existing Jobs = 1,733

• New jobs announced = 867

• Fidelity Information Systems – financial services

• Pelliconi & C SPA – manufacturing

• Wheeled Coach Industries – manufacturing

• Innovative Medical Device Solutions (IMDS) – medical device development and manufacturing

• 3 QTIs - SAIC – engineering/technology company

• Saab Training – modeling & simulation

• CAE USA – modeling & simulation

• Employee-owned engineering, simulation, and training company

• Headquartered in Eatontown, New Jersey

• 600 employees worldwide – New Jersey, Maryland, Alabama, Ohio, California, Texas, Florida, Washington DC, Italy, Germany

• 31 existing employees in Central FL Research Park

• Decision time: Consolidate and grow in Orange County or elsewhere — New Jersey, Maryland, Washington DC.

• 31 existing high-wage jobs are at stake

• 40 new high-wage jobs

• 12 high-wage part-time jobs — high-tech engineering and specialized technician jobs

• 10 in 2011

• 15 in 2012

• 15 in 2013

• At least twice the prevailing wage

40 new high-wage jobs

• 8 administrative and sales positions

• 32 engineering and production positions

• Eligible for $5,000 per job

• 40 jobs X $5,000 = $200,000 total QTI

• State share = 80% = $160,000

• Orange County share = 20% = $40,000

• Paid over 6 years after jobs are both created and maintained

• First Orange County QTI payment = $2,500 in FY 2012-2013

QTI Incentives

Gloria LaQuang

Metro Orlando EDC Project Manager

Joe HelwigSenior Vice PresidentIntelligence, Electronic Warfare, and SensorsDSCI

Thank you…

Approval of Resolution of the Orange County Board of County Commissioners regarding D&S Consultants, Inc. (DSCI) Qualified Target Industry Tax Refund.

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