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ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT This ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT (Agreement) is entered into to be effective as of the ___ day of ___, 2018 (the Effective Date) by and between
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How to fill out economic development performance agreement

01
Collect all the necessary documents and information needed to fill out the economic development performance agreement.
02
Begin by entering the basic details of the agreement such as the name of the parties involved, the effective date, and the duration of the agreement.
03
Clearly define the goals and objectives of the economic development performance agreement.
04
Specify the performance measures and metrics that will be used to evaluate the success of the agreement.
05
Identify any incentives or benefits that will be provided to the party that successfully achieves the agreed-upon performance targets.
06
Outline the reporting requirements and frequency of progress updates.
07
Include provisions for monitoring and enforcement of the agreement.
08
Clearly state the consequences or penalties for non-compliance with the agreement.
09
Have all parties involved review and negotiate the terms of the agreement.
10
Once the agreement has been finalized, ensure that all parties sign and date the document.
11
Keep a copy of the signed agreement for future reference and enforcement purposes.

Who needs economic development performance agreement?

01
Economic development performance agreements are typically needed by governments, economic development agencies, and businesses seeking incentives or support for their development projects.
02
These agreements help to ensure that both parties are aligned on the goals and objectives of the project, and provide a framework for evaluating and supporting economic development initiatives.
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An economic development performance agreement is a contract between a government entity and a business that outlines the terms, conditions, and obligations related to economic incentives provided to the business in exchange for meeting certain performance targets and goals.
Businesses or organizations that are seeking economic incentives from a government entity are required to file an economic development performance agreement.
To fill out an economic development performance agreement, businesses need to provide detailed information about their current operations, proposed expansion plans, expected job creation, and other performance metrics.
The purpose of an economic development performance agreement is to incentivize businesses to invest in a specific region, create jobs, and stimulate economic growth.
Information that must be reported on an economic development performance agreement includes projected job creation, capital investment, timelines for meeting performance targets, and reporting requirements.
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