Economic Development Incentive Grant Program
Application
T
he purpose of the Economic Development Incentive Grant Program is to sustain and strengthen the
economic vitality of the town by encouraging the location and/or expansion of business and industrial
enterprises that significantly add to the tax base, provide high-paying and quality jobs, stimulate new
economic development or redevelopment in the town and are sensitive to and compatible with the
natural and built environment of the town. (Mount Pleasant Code of Ordinances §117)
I. COMPANY INFORMATION
Please provide the following information, attaching as necessary.
a. Company Name: ________________________________________________________________
b. Current Company address: ________________________________________________________
c. Historical Information on the Company
d
. Description of the Company’s Products and Services
.
e. Estimate the amount of revenue generated from the following geographical locations.
Revenue
Percentage
Amount
Within the Charleston, Berkeley
Dorchester Region
South Carolina
United States
Total
----
f. Estimate the annual town tax revenues to be generated over a five-year period.
________________
II. PROJECT TIME FRAME
Start Date for Project: ________________ Completion Date: ________________
(Date job creation and/or investment begins) (Date job creation and/or investment to be complete)
III. JOB CREATION
a. Total number of new jobs projected over the first five years after completion of the project:
________________
b. Categories and wage rates for new jobs:
Category
Number of Jobs
Average Wage (annual)
Executive/Management
Technical/Professional
Administrative/Clerical
Skilled Production
Unskilled Production
Contract Employees
Other
Total
c. If the project involves the retention of existing jobs at the site, what will be the total number of jobs
retained at the project site? ________________
d. Annual payroll resulting from new jobs: ________________
$ 0.00
$ 0.00
0
e. Annual payroll resulting from retained jobs: ________________
f. If this project is an expansion of an existing company within Mount Pleasant, please state the
number of current jobs in the state? ________________
IV. CAPITAL INVESTMENT
If applying for reimbursement of impact fees, plan review fees, associated with the Description of the
proposed facility.
Street Address
Building Type (New/Existing)
Square Footage
Capital Investment for Site
Capital Investment for Facility
Capital Investment for Equipment
P
lease include a description of the site as well as proposed building or renovations. Include the
potential for the site to accommodate future expansions:
V. REIMBURSEMENT REQUESTED
a. Please mark the amount you are requesting next to the appropriate
Incentive
Amount Requested
Municipal Impact Fees
$
Building Permit Fees
$
Plan Review Fees
$
$
$
Business license Taxes
$
Total
$
b. Please attach the appropriate documentation outlining where and how you determined the
above costs.
c. Please provide a short narrative demonstrating how the above amounts are attributable to your
expansion or relocation or why they are necessary for job retention.
VI. VERIFICATION OF CORRECT INFORMATION
I certify that the above information is accurate and complete to the best of my knowledge and
understand that further information may be required by the Town Administrator.
Ap
plicant’s Signature: ___________________________________
Title: _________________________________________________
Date: _________________________________________________
Once you have ensured this document is complete, please print, sign, scan and email to open4biz@tompsc.com.
Please ensure the email subject line reads, “ED Grant Application.”