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4 r, • r e rt, tervitte 1880 Main Street • Centerville, MN 55038 staished 1857 (651) 429.3232 • Fax (651) 429 -8629 STATE OF MINNESOTA COUNTY OF ANOKA CITY OF CENTERVILLE RESOLUTION 00 - 09 BUSINESS SUBSIDY POLICY This Policy is adopted for purposes of the business subsidies act (the "Act "), which is Minnesota Statues, Sections 1161993 through 116J.995. Terms used in this Policy are intended to have the same meanings as used in the Act, and this Policy shall apply only with respect to subsidies granted un the Act if and to the extent required thereby. While it is recognized that the creation of good paying jobs is a desirable goal, which benefits the community, it must also be recognized that not all projects assisted with subsidies derive their public purposes and importance solely by virtue of job creation. In addition, the imposition of high job creation requirements and high wage levels may be unrealistic and counter - productive in the face of larger economic forces and the financial and competitive circumstances of an individual business. With respect to subsidies, the determination of the number of jobs to be created and the wage levels thereof shall be guided by the following principles and criteria: • Each project shall be evaluated on a case -by -case basis, recognizing its importance and benefit to the community from all perspectives, including created or retained employment positions. • If a particular project does not involve the creation of jobs, but is nonetheless found to be worthy of support and subsidy, it may be approved without any specific job or wage goals, as may be permitted by applicable law. • In cases where the objective is the retention of existing jobs, the recipient of the subsidy shall be required to provide reasonable demonstrable evidence that the loss of those jobs is imminent. • The setting of wage and job goals must be sensitive to prevailing wage rates, local economic conditions, external economic forces over which neither the grantor nor the recipient of the subsidy has control, the individual financial resources of the recipient and the competitive environment in which the recipient's business exists.