JEDO Board MeetingAugust 4 2021600PMVirtual ZoomOnlyMeetingTopeka - PDF document

1 JEDO Board MeetingAugust 4, 20216:00P.M.
JEDO Board MeetingAugust 4, 20216:00P.M.Virtual ZoomOnlyMeetingTopeka, JEDO Board Members ity of Topeka Governing Body ill RiphahnDistrict No. 1Michelle De La IslaMayorKevin CookDistrict No. 2Karen HillerDistrict No. 1Aaron MaysDistrict No. 3Christina ValdiviaAlcala City of Topeka Governing Body Commissioner Bill Riphahn . Comment from members of the public shall be entertained on each actionable agenda item and at the end of each meeting. Comment shall be limited to topics directly relevant to JEDO business. Members of the public

2 wishing to speak must notify the City Cl
wishing to speak must notify the City Clerk’s Office (call 785368or email cclerk@topeka.org ) before 5:00 p.m. on the date of the meeting. Because this will be a Zoom meeting, he Agenda . Agendas are furnished at least five (5) business days prior to each meeting and posted on the https://www.jedoecodevo.com/MeetingDocuments/ . To make arrangements for special accommodations please call 7853940. A 48hour advance noticeis preferred. JEDO BOARD OF DIRECTORS AGENDAAugust 46:00 p.m.Virtual ZOOM Meeting Topeka, Kansas CALL TO ORD

3 ER the end of each meeting. Comment s
ER the end of each meeting. Comment shall be limited to topics directly relevant to JEDO business. Members of the public wishing to speak must notify the City Clerk’s Office (call 785or email cclerk@topeka.org meeting, he City Clerkwill provide the Zoom Link to those who sign up for public comment. Members of the public shall be given four (4) minutes to speak and must maintain proper decorum relating to public meetings. https://www.topeka.org/communications/live stream/ Agenda is furnish pageat https://www.jedoecodevo

4 .com/MeetingDocuments/ . To make arran
.com/MeetingDocuments/ . To make arrangements for special accommodations please call 7853940. A 48hour advance notice genda Item No. JEDO Board MeetingAugust 4, 20210 P.M Project Helix Incentive Request MEMORANDUM August 4th, Topeka staff has been working with n existingcompany(Project Helix) that is looking to grow and expand in our community.The GO Topeka Board Project Helix Summary Industry Type: Ag InnovationAverage Wage: Incentive Proposal In the growth expansion of Project Helix in Shawnee County, Kansas, an expected ad

5 dition of up to TOTAL PROPOSED INCENTIV
dition of up to TOTAL PROPOSED INCENTIVE = $119,000 genda Item No. JEDO Board MeetingAugust 4, 20210 P.M Project JuliaIncentive Request 7 S KansasAve.Topeka,Kansas66603 August 4th,Julia Incentive Request Topeka staff has been working with an existing company (Project Julia) that is looking to grow and expand in our community. The GO Topeka Board approved incentive funding on 5.20.21. We are seeking JEDOBoard approval of the incentive funding. Below is a summary of the project and the requested incentive package: Project Julia Sum

6 mary Industry Type: ManufacturingCapital
mary Industry Type: ManufacturingCapital Investment: $700K Average Wage: $,000 annually, plus benefits Incentive Proposal In the growth and expansion of Project Julia in Shawnee County, Kansas, an expected addition of up to 5 new fulltime jobs, with salaries up to $60K, plus benefits.GO Topeka proposes up to $6,500 per new job in performancebased cash incentives. The job incentives will be paid out in equal installments (1/5 of each qualified job incentive = eg. up to $1,300per yearannually over five years, not to exceed $32,500. Capita

7 l Investment includes equipment purchase
l Investment includes equipment purchases of $700 roposed incentives are performancebased, to be paid out as earned and details of the agreement will be outlined via a formal contract with the company. elow is a breakdown of the proposed incentives: K in Capital Investment $$6,500 per job x 5 new jobs = $,5$1,000 per new jobfor training = $65,000 TOTAL PROPOSED INCENTIVE = $98,900 genda Item No. JEDO Board MeetingAugust 4, 20210 P.M Project PlatinumRequest 7 S KansasAve.Topeka,Kansas66603 August 4th,Platinum Incentive Amendm

8 ent GO Topeka staff has been working wi
ent GO Topeka staff has been working with an existing company (Project Platinum) that is looking to grow and expand in our community. We received GO Board approval of the Project Platinum Summary Industry Type: ManufacturingCapital Investment: $15,000,000 Incentive Proposal In the growth and expansion of Project Platinum in Shawnee County, Kansas, this amendment is for the additional $5,000,000 that will be invested in building improvements and $10,000,000 that will be invested in machinery and equipment. GO Topeka proposes a roposed i

9 ncentives are performancebased, to be pa
ncentives are performancebased, to be paid out as earned and details of the agreement will be outlined via a formal contract with the company. elow is a breakdown of the proposed incentives: $5,000,000 Building Improvements = $40,000 $10,000,000 Machinery & Equipment = $20,000 TOTAL PROPOSED INCENTIVE = $60,000 genda Item No. JEDO Board MeetingAugust 4, 20210 P.M Project WarriorIncentive Request MEMORANDUM August 4th,Incentive Request Topeka staff has been working with n existingcompany(Project Warriorthat is looking to gr

10 ow and expand in our community.The GO Bo
ow and expand in our community.The GO Board approved incentive funding at the June meeting. We are seeking JEDO Board approval of Project WarriorSummary Industry Type: Manufacturing Capital Investment: 8M Average Wage: $43,500 annually, plus benefitsNumber of Jobs: up to Incentive Proposal In the growth expansion of Project Warrior in Shawnee County, Kansas, an expected addition of up to new fulltime jobs, withaverage salary All p elow is a breakdown of the proposed incentives:3.8Min Capital Investment = TOTAL PROPOSED INCENTIVE =