Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VIII - Legal and Compliance › Chapter 188 - Contract Compliance and Job Counting › Rule 261-188.4 - Business's Employment Base

Current through Register Vol. 47, No. 3, July 24, 2024
"Business's employment base" means the number of jobs that
				  the authority has established as the job base for a project based on payroll
				  information provided by the business. The number of jobs the business has
				  pledged to create and retain shall be in addition to the business's employment
				  base.
(1) The business's employment
				base will include the number of full-time employees employed at the project
				location. It may include the business's full-time employees as identified by
				the authority who are employed in this state but are not employed at the
				project location.
(2) There are
				projects where the funded activity occurs at more than one physical location.
				If this is the case, the total number of full-time employees working at the
				identified locations constitutes the business's employment base.
(3) If there are multiple awards made in
				different years to the same location, the business's employment base will be
				calculated by using the payroll document from the oldest award that is open.
				Over time, the job obligations from each new award will be added to this base.
Examples:
Company X receives award 1 on 5/1/06. The authority has
				  verified that the business's employment base is 100 FTEs. Award 1 obligates
				  company X to create 10 jobs and retain 30 jobs; there are 10 other jobs in the
				  project (the 10 other jobs are created jobs that do not meet the qualifying
				  wage). The qualifying wage for this award is $16.50/hr and the benefit value is
				  $4.00/hr. The award is made from the IVF (2005) program.
Company X receives award 2 on 9/1/06. After the payroll is
				  reviewed, the actual number of FTEs at the facility is 107, but 120 (original
				  base + award 1 obligations) will be used as the business's employment base for
				  this award. Award 2 obligates company X to create an additional 25 jobs.
Company X receives award 3 on 3/1/07. After the payroll is
				  reviewed, the actual number of FTEs at the facility is 140, but 145 (original
				  base + award 1 obligations + award 2 obligations) will be used as the
				  business's employment base for this award.
(4) The business's employment base is
				calculated as part of the application process and is determined before an award
				is made. The following data points will be verified regarding a business's
				employment base:
a. The total number of FTEs
				at the funded facility or at locations identified by the authority as indicated
				in subrule 188.4(1) (the business's employment base).
b. The average wage of all FTEs.
c. The qualifying wage used in the
				award
.
d. The
				benefit value used in the award.
e.
				The total number of FTEs at the funded facility that are currently at or above
				the qualifying wage.
f. The average
				wage of the FTEs identified in paragraph
"e."
g. The total number of FTEs at the funded
				facility or at locations identified by the authority as indicated in subrule
				188.4(1) that are currently at or above the qualifying wage after the benefit
				value has been added.
h. The
				average wage of the FTEs identified in paragraph
"g."