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o Estimate of percentage of hiring from local labor force <br />E. Cultural/Quality of Life Considerations <br />❑ Does the firm have a proactive cultural outreach program? <br />❑ Does the firm actively encourage employee volunteer /charitable efforts? <br />❑ Measurements: <br />o Analysis of above items, based on objective measures (third -party reports, <br />judgments /legal actions, etc.) as well as interaction with the firm. <br />F. Extraordinary Economic Impact (only one required) <br />❑ The firm is in a targeted industry <br />❑ The firm is involved in leading edge technology <br />❑ State economic development funds are available for the firm <br />❑ The firm will generate 200 jobs or more <br />Process <br />Firm -Based Scoring System <br />Under the attached scoring system, points are assigned to each of the major criteria described <br />above. This scoring system is used to assess whether incentives will be offered to a firm and, <br />based on the final score, the potential incentive amount for the firm. <br />Firms with a score between 8 1 -100 may qualify for up to 80% of the net present value of the <br />estimated total tax liability or up to $200 per job per year over 10 years. Firms with a score <br />between 71 -80 may qualify for up to 70% of the net present value of the estimated total tax <br />liability or up to $150 per job per year over 10 years. Firms with a score between 60 -70 may <br />qualify for up to 60% of the net present value of the estimated total tax liability or up to $100 <br />per job per year over 10 years. Firms that score below 60 points do not qualify for incentives. <br />As a standard practice, total investments in a firm will not exceed 50% of the present value of <br />the estimated total tax liability over 10 years and will not exceed 80% of the total tax liability <br />in any single year. Firms that are in a targeted industry as identified by the City of San <br />Marcos, in a leading edge technology, eligible for state incentives, will generate 200 or more <br />jobs, invest $25 million or more, or establish its headquarter operations in San Marcos are <br />eligible for an additional $50 per job per year. However, the City Council reserves the right <br />to create a unique shared investment package in the case of extraordinary opportunities for <br />economic development in San Marcos. These may include cases where: <br />11 <br />