Laserfiche WebLink
that the 138 JOBZ businesses received $6.4 million in tax benefits compared with nearly 3,300 <br />jobs and $80 million in annual wages directly and indirectly generated by the 7OBZ projects. Of <br />the 1,001 full-time jobs created by JOBZ businesses in 2004, nearly 38 percent paid wages of <br />$15 an hour or more, far exceeding the original cumulative business goal of 14 percent of new <br />jobs at that level. <br />"As an economic development tool, JOBZ was designed to improve the overall standazd of <br />living in Greater Minnesota through business success and increased job opportunities. This <br />analysis shows that it's working," DEED Commissioner Matt Kramer said. <br />"It's also important to note the levels of transparency and accountability that have been built into <br />this program," Kramer said. "Along with the Deparhnent of Revenue, we've achieved a measure <br />of accountability regarding the costs as well as the benefits of this program. Very few other <br />states can make that claim about their business development incentive programs." <br />The report offers details about full-time job creation by JOBZ businesses, as well as a regional <br />breakdown of JOBZ projects, jobs, wages and tax benefits throughout Minnesota. The full report <br />can be viewed online at: http://www.deed.state.mn.us/bizdev/PDFs/jobzannRot2005 vdf. <br />G11 <br />