The purpose of the City of North Olmsted's Job Retention Grant Program is to provide an economic incentive for businesses to remain or expand within the City. The Program specifically seeks to retain and create jobs pursuant to the terms and conditions set forth in this Chapter. The Job Retention Grant Program ("Program") is an annual payment from the City's non-tax generated revenues (such as interest income, permit fees, service charges, and activity fees) to a participating business based on a percentage of specified retained and/or new annual payroll arising from the retention and/or creation of jobs located within North Olmsted.
(Ord. 2016-76. Passed 8-16-16.)
(Ord. 2016-76. Passed 8-16-16.)