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The County Commission on Monday unanimously approved a $50,000 incentive package for Coastal Cloud, a cloud-based solutions company that provides analysis, programming and training to small and large companies seeking to expand or optimize operations.
Incentives will be paid at the end of the year when proof of performance is submitted, according to Helga Van Eckert, executive director of Flagler County’s Department of Economic Opportunity.
The incentive package is as follows: $500 per job created, which will be paid annually, on a prorated basis, over the course of four years ($125/year/job) for a total cost of $50,000.
Coastal Cloud anticipates hiring 15 employees in its first year, 35 in its second and 50 in the third.
Coastal Cloud’s goal is to bring cloud-based solutions to businesses both nationally and internationally, and will start by building on the client base the IT consulting service Graphene already has, said Sara Hale, a managing partner of Coastal Cloud. Coastal Cloud will use online services and self-developed tools, to generate custom reports for clients, allowing them to track customers and successes.
The average salary of the new jobs at Coastal Cloud will be $46,500, which is 150% higher than the county’s average annual salary, according to county documents.
Additionally, the anticipated capital investment is $3.15 million, which includes the construction of a new facility and new equipment purchases. Coastal Cloud is expected to construct its facility by the end of year No. 2.
Several community leaders spoke Monday night in support of the incentive package, including Rebecca DeLorenzo, who was announced as president of the Flagler County Chamber of Commerce & Affiliates on Thursday.
“Coastal Cloud’s decision to open its doors in Flagler County is a huge win (for the county),” DeLorenzo said.
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9 American Legion Flagler Post 115 Meeting
9 Gold Wing Road Riders Association Meeting
9 Sons & Daughters of Italy Meeting
10 Grief Support Group
1:00 pm - 3:00 pm
WEEKEND: Donate toys at Holiday at the Beach
Donations for children in need will be collected at Flagler Beach's holiday parade; and, a Grammy winner will be featured this weekend at Hollingsworth.
OUR TOWN: Sheriff graduates second class of 2013
Also: Let's hear it for the Matanzas Women's Club, which raised $5,000 for college scholarships; the holiday boat parade needs captains; and more.
No Shave November Contest
Locals have been growing their facial hair over the past month, but on Nov. 30, they reconvened at Woody's BBQ to pick the best beards and mustaches. November is prostate cancer awareness month and FPC's boys lacrosse team started a local no-shave contest with 30 participants. They raised more than $1,000 for Florida Hospital Flagler.