Discussion Agenda Item III.A.1 Approval of D&S Consultants (DSCI) Qualified Target Industry (QTI) Tax Refund Resolution

Qualified Target Industry Tax Refund Program State QTI Program Created 1994 Section Florida Statutes Goal: Encourage growth of high-skill, high- wage jobs in target industries Tax refunds for each job created Tax refunds paid over time only after jobs are created, maintained, and taxes paid State provides 80% of the payments Orange County pays 20%

QTI Program 2009 Digital Risk, LLC – financial services company Kept 268 jobs 242 new jobs announced

QTI Program QTIs Existing Jobs = 1,733 New jobs announced = 867 Fidelity Information Systems – financial services Pelliconi & C SPA – manufacturing Wheeled Coach Industries – manufacturing Innovative Medical Device Solutions (IMDS) – medical device development and manufacturing 3 QTIs - SAIC – engineering/technology company Saab Training – modeling & simulation CAE USA – modeling & simulation

Employee-owned engineering, simulation, and training company Headquartered in Eatontown, New Jersey 600 employees worldwide – New Jersey, Maryland, Alabama, Ohio, California, Texas, Florida, Washington DC, Italy, Germany 31 existing employees in Central FL Research Park

Decision time: Consolidate and grow in Orange County or elsewhere — New Jersey, Maryland, Washington DC. 31 existing high-wage jobs are at stake 40 new high-wage jobs 12 high-wage part-time jobs — high-tech engineering and specialized technician jobs

10 in in in 2013 At least twice the prevailing wage 40 new high-wage jobs 8 administrative and sales positions 32 engineering and production positions

Eligible for $5,000 per job 40 jobs X $5,000 = $200,000 total QTI State share = 80% = $160,000 Orange County share = 20% = $40,000 Paid over 6 years after jobs are both created and maintained First Orange County QTI payment = $2,500 in FY QTI Incentives

Gloria LaQuang Metro Orlando EDC Project Manager Joe Helwig Senior Vice President Intelligence, Electronic Warfare, and Sensors DSCI Thank you…

Approval of Resolution of the Orange County Board of County Commissioners regarding D&S Consultants, Inc. (DSCI) Qualified Target Industry Tax Refund. Actions Requested