File #: 12-00269    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/18/2012 In control: City Council
On agenda: 5/29/2012 Final action: 6/12/2012
Title: Resolution approving a business incentive agreement for the creation and retention of jobs between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and Little Boeing Blue, Inc. ("Motorglobe"), which provides a grant of up to $125,000, for building improvements and new equipment for a new headquarters in Corpus Christi, and the creation and retention of at least 50 full time jobs with an annual average salary of at least $50,000 over a five year period, and authorizing the City Manager or designee to execute a business incentive project support agreement with the Type A Corporation regarding implementation and administration of the Motorglobe Business Incentive Agreement for the creation and retention of jobs.
Sponsors: Economic Development
Attachments: 1. Agenda memo - Motorglobe, 2. RESOLUTION - Motorglobe, 3. Business Incentive Agreement - Motorglobe, 4. Business Project Support Agreement - Motorglobe
Related files: 12-00284
Title
Resolution approving a business incentive agreement for the creation and retention of jobs between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and Little Boeing Blue, Inc. ("Motorglobe"), which provides a grant of up to $125,000, for building improvements and new equipment for a new headquarters in Corpus Christi, and the creation and retention of at least 50 full time jobs with an annual average salary of at least $50,000 over a five year period, and authorizing the City Manager or designee to execute a business incentive project support agreement with the Type A Corporation regarding implementation and administration of the Motorglobe Business Incentive Agreement for the creation and retention of jobs.