Details about the Financial Incentive Package were presented to the County Commission this morning April 28, 2008 prior to the unanimous approval of the long anticipated results of the Piper Aircraft, Indian River County and the state of Florida negotiations. Below is a photo of Slide 3 of the presentation that explains the requirements for Piper to receive the second payment.
1. $10.7 million investment in capital equipment
2. Public announcement of proof of concept for PiperJet or alternate project
3. 152 new full time jobs
4. Commitment to invest $10.7 million additional capital
Details about the Financial Incentive Package were presented to the County Commission this morning April 28, 2008 prior to the unanimous approval of the long anticipated results of the Piper Aircraft, Indian River County and the state of Florida negotiations. Below is a photo of Slide TWO of the presentation that explains what must occur for Piper to receive the first payment:
1. Public announcement that Piper will remain in Vero Beach
2. Affidavit of 75 confirmed PiperJet orders and deposits of $5 million
3. Retention of 963 jobs
4. $15 million in product development
5. 51 new full-time employees
Details about the Financial Incentive Package were presented to the County Commission this morning April 28, 2008 prior to the unanimous approval of the long anticipated results of the Piper Aircraft, Indian River County and the state of Florida negotiations. Below is a photo of Slide One of the presentation. 
Because I personally attended the meeting this morning in Vero Beach, Florida at the Indian River County Commission where the Commission voted to approve the State of Florida Financial Incentive Package, I took these photos to document this auspicious occasion! Piper employs about 1,000 currently here is Vero Beach. The company is committing to add at least 400 additional jobs over the next few years in order to receive the incremental payments from the $32 million fund. If you have any questions or comments, please E-mail me at ginny@MyVeroBeachRealEstate.com That's me taking this photo. 
If
After many many months of mostly closed door negotiations, the Indian River County Commission voted unanimously this morning to offer Piper the financial incentive package that Piper acknowledged will keep the aircraft company here in Vero Beach, Florida. This means that we will retain the nearly 1,000 current jobs and the agreement also commits Piper to build the new Piper-Honda personal jet and other new projects such as Matrix here in Vero Beach. Piper will add at least 400 new jobs to receive the incremental payments of $12 million local funds and $20 million additional state funds.
The formal announcement of Piper's acceptance of the offer appears to be only a formality at this point and will occur with all dignitaries present including Florida Governor Crist before June 30, 2008.
Visit our website for more detailed information and many photos of the meeting this morning April 28, 2008 with members of the County Commission and Piper officials. These will be posted as soon as possible. www.MyVeroBeachRealEstate.com
 |
|
|
CRS, ABR Buyer's Agent, GRI, e-Pro. Oceanfront, waterfront, golf or tennis communities, equestrian and new construction homes in Vero Beach & Hutchinson Island. We'll find YOUR place for Florida FUN!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
