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Construction services company promises 28 new jobs

“font-family: Calibri;”>The County

Commission today unanimously approved drafting a local jobs grant

that will pay Boston Barricade Company up to $126,000 for creating

28 new jobs in the county.

“font-size: small;”>The company makes temporary, reusable

construction barriers used in malls, airports and other locations

during remodeling. Its corporate headquarters is in Indian River

County and it plans to move a regional distribution center and

manufacturing operations here as well.

“font-size: small;”>County staff said no legal or financial

problems were discovered in a due-diligence investigation of the

company and recommended approval of the grant, which was given a

thumbs-up by the Economic Development Council on Nov.

15.

“font-size: small;”>“These jobs pay an average of $38, 000,” said

Helene Caseltine, economic development director of the Indian River

Chamber of Commerce. “That will mean more than $1 million in new

payroll in the county.”

“font-size: small;”>Company president Robert Putnam said he was

excited to be consolidating operations in the place he

lives.

“font-size: small;”>According to Putnam, Boston Barricades is the

only nationwide company providing reusable construction containment

products. He said each time his company’s barricades are deployed,

it prevents approximately 1.5 tons of debris from entering

landfills in the form of steel studs and drywall used to build

temporary walls that are later torn down and hauled

away.

“font-size: small;”>As with other county jobs grants, no grant

money will be paid until jobs have been in existence for a year.

After that funds will be disbursed in installments over a four-year

period as long as the jobs remain in place, with the company

receiving $25,333 in 2013; $42,000 in 2014; $42,000 in 2015;

and$16,666 in 2016.

“font-size: small;”>The money will come from the county’s general

fund contingency reserve.

“font-size: small;”>The unemployment rate in Indian River County in

October was 12.7 percent. The jobs grants program is part of the

county’s effort to stimulate economic growth by attracting new

businesses to the area and encouraging expansion of existing

businesses to create employment opportunities and increase tax

revenues.

“font-size: small;”>Jobs grants are directed at targeted

industries, including manufacturing.

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