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<br />Lamar County - Paris Economic Development Plan <br />Table 1-2: Incentives Matrix Applied to an Example Company <br /> Example Points <br /> Company Maximum Minimum Wei2ht Awarded <br />Primary employer 100% 100% 50% 20 20.0 <br />Wages to be paid 135% 150% 110% 20 14.3 <br />(% of area average) <br />Square feet of building 333 250 500 10 6.7 <br />per worker <br />Floor area ratio 51% 65% 25% 10 6.5 <br />Workers per acre 67 100 25 10 3.3 <br />Wage impact jobs 99 50 10 20 20.0 <br />Real property tax per acre $13,333 $24,000 $8,000 5 0.4 <br />(current) <br />Real property tax per acre $26,667 $24,000 $8,000 20 2.7 <br />(new money) <br />Renovation impact points 0 200% 50% 20 0.0 <br />Payroll per acre $3.133.333 $5.230.464 $958.918 10 3.8 <br />Total 145 77.7 <br /> <br />For each criterion, there are a specified number of available points, denoted by the <br />variable weight, which may be earned if established targets are reached. The variable minimum <br />represents the minimum level that must be achieved to qualify for any points, while maximum is <br />the level at which all available points are awarded.3 Numbers falling between minimum and <br />maximum receive a proportionate number of points. If the company falls below minimum for <br />either "primary employer" or "wages to be paid," it will be disqualified from further <br />consideration for incentives. <br /> <br />Table 1-2 shows how the matrix would evaluate the example company described above. <br />The final score is calculated by adding together the points awarded for all criteria, and dividing <br />this number by the total of all available points, with the result expressed as a percentage. For <br />example, in Table 1-2, the company received 77.7 points and the maximum points available <br />equaled 145, resulting in a score of53.6 percent (since 77.7/145 = 0.536 = 53.6%). <br /> <br />This information is then compared with a list of available incentives, each of which will <br />be assigned a qualifying score that the company must attain before it is eligible to receive the <br />incentive, as shown in Table 1-3. <br /> <br />3 The minimum, maximum, and weight values listed here are for example purposes. Actual values will be <br />established by the PEDe Board. <br /> <br />Paris Economic Development Corporation <br /> <br />Page 41 <br />