Loading...
Resolution 2025-33593 202533593 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE, AT ITS DECEMBER 20, 2024 MEETING; AND FURTHER, APPROVING AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH EDGELORD LLC FOR PARTICIPATION IN THE JOB CREATION INCENTIVE PROGRAM, IN AN AMOUNT NOT TO EXCEED $60,000 PER YEAR, FOR UP TO FOUR (4) YEARS, SUBJECT TO FUNDING APPROPRIATION AND APPROVAL DURING THE CITY'S BUDGETARY PROCESS FOR EACH FISCAL YEAR DURING THE TERM OF THE AGREEMENT. WHEREAS, the Mayor and Ciry Commission have identified efforts to make Miami Beach more business- and user-friendly as a key objective of the City's 2019 Strategic Plan; and WHEREAS, Miami Beach has diversified economically with new headquarters and o�ces in the technology and financial services sectors, establishing the potential for a regional hub; and WHEREAS, following the COVID-19 pandemic, Miami-Dade County has seen increased relocations oftechnologyand financial firms from[he Northeast, Silicon Valley, and other markets; and WHEREAS, median and average wages in those targeted industries substantially exceed countywide averages; and WHEREAS, on February 19, 2021, the Finance and Economic Resiliency Committee (FERC) unanimously recommended prioritizing the attraction of technology and financial services firms to diversify the local economy and promote resiliency; and WHEREAS, the Mayor and Commission recognize the value of a locally driven approach to growing these industries in a competitive regional and national marketplace, and seek to attract, retain, and expand businesses through the development of inducements and services; and WHEREAS, on March 17, 2021, the Mayor and City Commission adopted Resolutions 2021-316�8 and 2021-31620 to direct the Administration to promote targeted industries and establish the Job Creation Incentive Program ("JCIP" or"Program"); and WHEREAS, the JCIP is a pertormance-based financial incentive for technology and financial services firms that relocate or expand to the City of Miami Beach and increase the number of quality, high wage jobs in Miami Beach; and WHEREAS, JCIP requires recipients to create or relocate at least ten (10) full-time equivalent jobs with average annual wages of at least 125% of the State of Florida or Miami-Dade County average wage, whichever is higher, and WHEREAS, new-to-market companies may be eligible for up to $60,000 per year for four (4) years, subject to the appropriation and approval of lhe incentive payment during the City's budgetary process for each fiscal year; and WHEREAS, on April 6, 2022, Resolution No. 2022-32117 accepted the FERC recommendation to amend the JCIP, increasing the incentive award by$50 per employee, without increasing the $60,000 annual cap, and including Program eligibility to business subsectors including cryptocurrency, blockchain, Web3, decentralized finance, sustainability and resiliency, hospitality, tourism, health and wellness, and arts and culture; and WHEREAS, EDGELORD LLC ("EDGLRD"), a digital innovalion collective founded by film director Harmony Korine and Matt Holt, relocated its headquarters to 230 Lincoln Road in Miami Beach, and has created or relocated 30 full-time jobs, with projections of 50 over the agreement term, at an average annual wage of$97,500; and WHEREAS, EDGLRD qualifies as a new-to-market company underthe expanded creative technology category, and is also leveraging the City's Expedited Plan Review Program (EPRP) and the Commercial Lease Subsidy (CLS) Program, demonstrating its commitment to long-term investment in Miami Beach; and WHEREAS, EDGLRD's high-profile creative campaigns for clients such as Skims, Nike, Marc Jacobs, Valentino, and Comme des Gar�ons enhance Miami Beach's reputation as a global center for tech-enabled innovation; and WHEREAS, the FERC, at its December 20, 2024 meeting, recommended approval of EDGLRds JCIP application based on program eligibility and high-wage job creation; and WHEREAS, the Administration requests that the Mayor and Ciry Commission accept the recommendation of the Finance and Economic Resiliency Committee, at its December 20, 2024 meeting, and approve and authorize the City Manager to negotiate and execute an agreement with Edgelord LLC for participation in the Job Creation Incentive Program, in an amount not to exceed $60,000 per year, for up to four (4) years, subject to funding appropriation and approval during the City's budgetary process for each fiscal year during the term of the agreement. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission accept the recommendation of the Finance and Economic Resiliency Committee, at its December 20, 2024 meeting; and further, approve and authorize the City Manager to negotiate and execute an agreement with Edgelord LLC for participation in the Job Creation Incentive Progrem, in an amount not to exceed $60,000 per year, for up to four(4) years, subject to funding appropriation and approval during the City's budgetary process for each fiscal year during the term of the agreement. PASSED and ADOPTED this 23`° day of April, 2026�/Ot��G�`� Steven Meiner, Mayor ATTEST: APPROVED AS TO JUL 2 5 2025 -'ti"''BF-�" �P • ��- c�,, FORM & LANGUAGE F�y & FO�CUTION Rafael E. Granado, City Clerk YYY �� ; � INco�P�rA )i ' / '1 1f ?OL� �9 � ,� Gty Attorney �:�� Date Sponsored by Commissioner Joseph Magazine Rc;: zc_. Resolutions -C7 D MIAMIBEACH COMMISSION MEMORANOUM TO: Honorable Mayor and Members o!the City Commission FROM: Eric Carpenter, City Manager DATE: April 23, 2025 TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE, AT ITS DECEMBER 20, 2024 MEETING, APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT WITH EDGELORD LLC FOR PARTICIPATION IN THE JOB CREATION INCENTIVE PROGRAM, IN AN AMOUNT NOT TO EXCEED $60,000 PER VEAR, FOR UP TO FOUR (4) VEARS, SUB.IECT TO FUN�ING APPROPRIATION AND APPROVAL DURING THE CITY'S BUDGETARY PROCESS FOR EACH FISCAL YEAR DURING THE TERM OF THE AGREEMENT. RECOMMENDATION The Adminislration recommends the approval and authonzation of the Ciry Manager to execute an agreement with Edgelord LLC for paAicipation in the Job Creation Incentive Progrem, in an amount nol�o exceed $60,000 per year, for up lo four years, subject to funding appropria�ion and approval dunng the Ciry's budgetary process for each fscal year during the term of the agreement. BACKGROUNDIHISTORY On March 17, 2021, the Mayor and City Commission adopted ResoWlion 2021-31620, establishing the Job Creation Incentive Program ("JCIP" or the "Program") to attrect and grow targeted industnes by providing pertormance-based incentives �or companies in technology, financial services, and/or headquarters operations relocating to or expanding in the City of Miami Beach. The JCIP aHords the City a greater competitive advantage and ability to leverage exisling incentives from the State and Counry. The purpose of ihe JCIP is to strategically attrect new and expanding businesses and to diversify Ihe economy by strategically increasing the number o( quality high-wage jobs in Miami 8each. Program participants must create or relocate a minimum of ten (10) new, fulltime equivalent jobs, wi[h average annual wages mee[ing or exceeding 125% of the State of Flonda or Miart:�,Dade CounTy average wage, whichever is higher, at the time of appliralion.After each annual peRortnance penod, participan[s are eligihle to receive an incentive based on numher of new and rebcated employees, wi[h additional incentives for participanls locating in North Beach, and those hiring Miami Beach residents and employees with education or[raining received from local instiNtions. New-to-market JCIP recipients may be eligible for an award of up to $60,000 per year for fow(4) years. Expanding JCIP recipienls are eligible for an award of up to$60,000 per year for three (3) years. On Apnl 6, 2022, the City Commission authonzed an amendment to the Program to encourage small businesses to participate and to develop a greater focus on subcategones within the targe[ed indusiries including cryptocurtency, blockchaiq Web3, decentralized fnance, sustainability, resiliency, hospitality, tounsm, health and wellness, and arts and culture. As outlined in the program guidelines, recommendations for award must 6e reviewed by the Finance 634 and Economic Resiliency Committee (FERC) and approved by the City Commission. On December 20, 2024, the FERC recommended approval of the EDGLRD LLC application based on, but not limited to, its qualifcations as a new-to-market company within the targeted industries, and high-wage job creation. ANALYSIS EDGELORD LLC ("EDGLRD") was founded by film director Harmony Korine and Mafl HoIL The business is a digital innovation collective at the intersection of entertainment, AI, and crealive design. EDGLRD relocated its headquarters from [he Miami Design Dislrict [0 230 Lincoln Road in Miami Beach, signed a 102-month lease, and inves[ed approximalely $L25 million in capilal improvements. In December 2024, EDGLRD received its Business Tax Receipt (BTR) and compleled ils move to Miami Beach. The company has successfully created andbr transferred 30 full-time positions, with projected tolal hires reaching 50 employees over the four-year agreement period. The positions indude soflware development, operations, creative direction, and AI-based technology development, with an average annual wage of$97,500. EDGLRD participated in the Ci[y's Expedited Plan Review and Permitting Incentive Program ("EPRP"), which played a critical role in assisting [he company meet its largeted timeline tor opening. EPRP enabled EDGLRD to complele buildou[ and secure a BTR in December 2024, aligning with project goals and ensuring o0erational conlinuity. EDGLRD is a participant in the Commercial Lease Subsidy Program, (urther demonstra[ing its mmmitment to long-term investment in Miami Beach and levereging�he pool of City economic development tools aimed a� supporting business growlh and retention. EDGLRD LLC: Pro'ect Summa Indust and business services Technolo and Di ital Innovation Localion 230 Lincoln Road T e of OKce Head uarters Lease Term 102 months Ca ital Inveslment TBD rovided b landlord $ 1,250,000 New or Relocated Jobs 30 to date; 50 ro ected over 4 ears Avera e Wa es $97,500 Estimated annual awa�d amount $60,000 Estima[ed fnal award amount $240,000 over 4 ears Economic Im acl Anal sis IMPLAN See Exhibit A Since opening, the company has launched high-profle campaigns wilh global brands such as Skims, Nike, Marc Jacobs, Valentino, and Comme tles Garqons (WG), fuhher elevaling Miami Beach as a destination for tech-enabled innovation and crealive production. EDGLRD is in fhe early development phase of a portable immersive LED Cube exhibition for potential installa�ion on Lincoln Road, which would serve as a new cWtural activation point for the district. FISCAL IMPACT STATEMENT The Mayor and City Commission identifed the need for making Miami Beach more business and user-friendly as a key objective in!he Ci[y'S 2019 Stralegic Plan. Based on the 2019 Miami Beach Community Satisfaction Survey, 59.9%o�businesses would recommend[he City of Miami Beach to o[here as a place lo run a business. Il is anticipated that this percentage will increase over time 635 as the economy diversifes and companies within the targeted industries relocate to Miami Beach and promole lhe City'S incentive programs to industry peers. Doea thia Ordinance reauira a Buaineaa Imoact Estimate? (FOR ORDINANCES ONLV) If applicable, the Business Impact Eatimate (BIE)was published on: See BIE ak https:llwww.miamibeachfLaovlcity-halllcity-clerklmee[ing-notices/ FINANCIAL INFORMATION The fiscal impac� to the City is up to $60,000 per year for tour (4) years subject to funding appropnation and approval dunng the budgefary pmcess for each fscal year dunng the term of the agreemenl. CONCLUSION The ongoing efforts to attract, retain, and ezpand innovative companies in the technology and creative seclors Continue to yield resWts. EDGLRD's relocation and expansion in Miami Beach reflects the Citys strategic commitment to economic diversification, high-wage job creation, and cultural investment. EDGLRD's presence rein(orces Lincoln Road's potential as a hub for immersive, future-forward expenences. The Administration rewmmends Ihe app�oval and authorization of the Ciry Manager to exewte an agreement with EDGELORD LLC for participalion in the Job Creation Incentive Program (JCIP), in an amount not [o ezceed $60,000 per year, for up to four years, subject to funding appropriation and appmval dunng Ihe City's budgelary process for each fisral year during lhe term o(Ihe agreement. Aoolicable Area South Beach Is this a "Residents Riaht to Know" item, Is this item related to a G.O. Bond pursuant to Ciri Code Section 2-177 Proiect7 No No Was this Aoenda Item initiallv reauested bv a lobbvist which, as defined in Code Sec. 2�81. includes a orincioal enaaaed in lobbvina? No If so, specify ihe name of loh6yist(s)and principal(s): Deoartment Economic Developmen[ Soonsar(sl Cosoonsor(sl 636 Condensed Title Accept ReGExecute Agmt wl Edgelord LLC, Job Creation Incentive Program. ED Previous Action IFor Citv Clerk Use Onlvl 637 Exhibit A Economic Impac[Summary— Edgelord LLC APPLICANT: EDGELORDLLC QIXXENTLOCATION: 415Aurtrallan Avenue Miami,Florida 33480 Pfl0i05ED LOCATION: 230 Lincoln Poad,4[h Floor Miami Beach, FL 33139 Approxima[ely 51,250,000.00(One million two hundred and fky [APITALINVESTMENT: thousand�brrenovationsfore¢pansion,archi[ecWrefees,capi[al imOrovemen[s,and purchazmg fumiture antl equipment. lOB CREATION: ID relocated or new employees in fhe tint 12 mon[hs; 50 new em0loyees in four years(mm 2@4[0 2W8 Average salaryof newlobs:$9].500 Economic Impact results using IMPLAN Cloud Venion 74.6(�e0otted!n 2074 dollorsl Tofallob6ea<ionOutputlmpaR DIreR,IMIrMantllnAuteElobs 56.IBpOryean roa,i�no.m�o�„�imw�e o�.«ua�o�M Sa.a�mar�o�eay�a.. State&LoaalTaylmpact dreRla6sOnly $I31,103.JlB�-9��rs �ExtluEing aE valmem ut� TOOIEmploYmentlmpan oire[t1oRs sit3 InGrectlobs 1.29 Inducedlabs O.Ofi TobljobzresWtinQ6omthisinvntmmt %.�8 Cumula[ive Impaa-Edgelord LlC and Constrvction Y11�C1 F111�IIO�IIp1 I��IYC�� ���� �M 1-OIRCI 55.13 EC,Q3,392.t8 Efi,196,3J0.15 515,225,033.81 ]-YdkM 129 $9J009.3� 5109.556.64 f3J3,981.6J YWucetl (I.Ofi §3,103.86 ESA91.88 fB,WY.53 56a3 54.563,50536 E63B9d1B91 E35,600,28]DI Impact o(Ta�Rcvcnuc -Edgcle�d llC Yp�u1 SOtawp' iWOeiab �4 l�ab fsYrt T�YI e«�.x a.arorrku . 1•DhM E1566]TI {20,]91.05 �5,59380 569,OE5.t] E]33.]M.16 $B64,B29.9Q 1-MII61 $1.1fi91E f1549W E19W95 54929'1 E16,94di4 $Y6,dB0.16 7-YMKlE E59.❑ S�BA4 E�55 E228W f592% 51,615.50 $1'o8950Y f22,d4511 SD,59E30 $]q203]4 5�51,23343 E892,355.i9 638 Definitions DirectEffe�t Anenm:nema�.�reaveon�eai�w�nee�:.�e::arnHhurym�arexneaa�eneurea,rtoirteou:�enan..�ry I�di�eREHetl AB�B�sm�FmeeffectsoealeetytFeprotlu¢rsollnermedialegoohartae�ukeRllymtlaan:wrdvrspcResetl as a res�it o!pe business aconq. InducedEliec[ °e1rsmm.me:eQue�v.au�eorspme'inem�ne'�o�aie�o�or.ymaeebrmenom.nomso��h.�mpmy..:a� e�,�n:n<na���.�.xm a�,.o.�a„e�,�n..x�ew.� io[alEffeet Rekrsvo;neo�mn,inairea,maimuceaimpamsunmmvq�etna. Cmplaymm[ o ""�n°K"s�wm.-n�����i.e..xu.memv�+.�a.e[�+�aub.emo:oy�.....a.nr.in�..�,wnnm�.�: seaso al jooz,baxE cn a[ount ol'.II Yn[/part Om[averages ovp�welq montFs Dellne . o�alvaluepa¢Icle[alwm4c�vn[Fina�eR��^�taEo�InmmeslM1em[omeSourR'arinEu[<C ldborinmme M1ouseYoleespeneingnn'�aumc laEar In�wne•Fmpleyee CenOmuOen�PmO�w Inmme Como�ise0ohz�ormmme,NErtt�Buunesz➢res,anEOtne�erop>�yrypplmm�e ValueM�e4Eemons✓atesar .�ev,��y...i.a or p.ou...n..o.e�:n..o..or u.o...n....e wva..�a..n¢a..vam..a.v....n u.a.nea.... TO[d�VdIOPI�dPd yelueAtl�etllso��mreloreJloasG�miOomestioP'odutl�G�GI. Value M4d=1a0or Ircwne rIMNeR W�Ircss Ta�s�Dt�er PropeMlYK Iri[ane I�e IOOI ralue ol an intlmvYa protlutlion mmp�OeG ol[M1e vaWe o�IM In�nmMbte InwR aM Value MtleG I' IMGIANI�u rrypiul�yei rreeaMev ola ange •f�e�alvot �oeareEpmEua n Hawrver nn Ou[put a�oe.,cuonrs[eaiwa�seauaman�umsams.iro�oeuaon'eveisarenynnna,sa�es,su�oiueesbemmnme�eo� 0<0 � .oryEoesnmervweeemna:impam�ntFeypart �spM¢m.�nMn��xJnec�InEuv.yx9es-O.ee o�:e�u � Output=intermNiab Inputs�Value PtlOetl IMPIAN Sohware fm[mnoma impac�nnalpis Vmlon H6 Copyr gM1(]0341MPUN Grouo.I�c. 639 MIAMIBEACH MiamiBeachEconomicDevelopment -JobCreation eccNornic oevE�ovMenr Incen�ive Program 23-24 EDGELORDLLC Application #JCIP_23240001 Name: Jon W�zky P�o�e: (954)35a243a Email: Oilling@eEglrtl.com Applicant Profile AppumM 7Yve Uaen�za6on ILme Jon Lutzky Lpal lime EDGELORD LLC Email dllingQdedglrtl.com irYmry Plwne (851)354-2134 Atldress 615 Aus�ralian Avenuc Miaml. Florida 33680 UNITED STATES WMalte MWsI/etlglM.com 501(c�(3� 1ncorporatlon Oale 10/19/2021 FIXI/Tu W 87-3605900 Fimal Year E�M Date 01131 Unique EMiry q(UEp CCVlV50N25X] Mlaalon SbtemeM EDGLRD is a visionary tlesigner colleclive leveraging ativanceC tec�nology anE AI to retleline��e struggling entenainment industry. By Nending film,fashion,music,and digftal aN,we create gromWbreak�.ng cross- Eisciplinary eaperirnces iMat Wsh�he boundanes ol crealiviry antl IechnologY�Collaborating wAh leading artists,musicians.antl filmmaka�s,ou�mission is�o tlel�ver innova�iva,cul[urally rkh,antl visually raplrvating projects that transform how an anC enlenainment are perceiveE globalty. Organ Wtion Hlatory Fountletl in 2021 by renowneC film Oir¢qor Harmony Korine antl Matl Hotl,Presitlen�o�P�iva�e Equiry a�New Mountain Capital antl Presitlenl ol TM Pans Review,EDGLRD was crealed to revolutionize ihe entertainmem iMustry.The company matl¢its Cebut in 2023 wit�ihe premiere of AGGRO DRiFT at Me Venice Flim Feslival.Sinca�heq EDGLRO has colla�ora�etl wifh A-lisl cele0rifies like Kim Kartlas�iaq Travis Scon,Marc Jawbs, Nike,antl TM1e Weekntl,arM M1os�ed IM1e Iwnic Boiler qoom evenl dunng Ah Basel 2023,making a culWral lopacl acrow music,flm,video games,and fashion.0ur success and innova�ion in Iech and AI platlorms allracted signilicanl Inveslme�L raising support Irom promineni AI invesiors,in�luding�he Reuben Cmmers. In 2024, E�GLRD premieretl I�s secontl Illm, B/BV Invasioq a�Ibe Venice F�ilm Fes�ival,wit�more pmlecis set�o release Ihroug�au[lata 2�24 antl inlo 2025. The crompany is prepanng tor a secontl lunding muntl by the entl a�202<aM into eady 2025. MJCIP 23240001 Page 1 o114 640 MIAMIBEACH MiamiBeachEconomicDevelopmen� -JobCrea�ion ecoHom�c oeve�ovMeHr Incentive Program 23-24 EDGELORDLLC Application ttJCIP_23240001 Name. Jon Wlzky Phone: (954)354�2434 Email�. billing@etlglrtl.com INSTRUCTIONS & ACKNOWLEDGEMENT JOB GFEATION MGENTNE PROGRAM I. PROGRAM OVERVIEW 8 PURPOSE Tha Ciry oi Miami Beach is invested in econwnic resiliency ihrough economic diversifitation.New or eviNing M1nandal services ane technology-lowsetl companies may Ee¢ligible for the Job Creaoon Incentive Program WCIP�,a pedormance-basetl incentive a0optod by Ihe Ciry Commission Na ResolWion 2�21-31620.The Company('Appllcanf'or•ParticipanY7 must create or relocate a minimum of�en(10)WII-time equivalen�lobs. which average annual wages meeling ar exceeding 125"6 oi Miami-Dade Coun�y or S�ate oi Florida average wages at Ne time ol t�e applica�ion.The program aims to svaiegically anraci new financmi services arM technology comoanies anE e[pand existinp businesses in t�ese seclors while increasinB the number of high- qualiN,hlgh-waqe�abs. II. INSTRUGTIONS a.Carelully review propram guidelinas.. apphca�ion,antl rela�ed mata�ials. C. Prior ro submining an application,contact the CM's Economic Development Depatlment at MBBizpmiamibeachfl.gov or 30&fi]3-]5]2�o dlsass your app�ication,business neetls,antl Mw Ihe pmBram ran be tailorcd lo masimi�e your business gmvA�in Miami Beach. a Applicaiion must be submi�led by Ihe company apply�ng for Ihe incenlive. IIL ELIGIBILITV(see Program Guitlelines lormoretle�ails) The Ciry at Mlami Beach dCIP will be available to new�ta-market compenies or expantlinq companies t�a�wdl edher�ire or relocate,a minimum ol ten(10�employees within a 12-monih penod ana would receme tM1e tinancial incen[ive over a bur(d)year periotl br New-ro-Market�ebcations or Ihree(3)year pedotl tor Ezis�ing 0U61IIBSSB6 BNPdll6101i6.ThQ 10 CIBd:Bd 0!IBIOWIBd�Ilil-�1TB BqW Vd�BO��Ob6lflllb��1dVE dVBIdgB d0lllld�Wd9B6 mee�ing or excceEing 125%0l Miami-Oade Counly or Slate oi FloriCe avereBe weges at Ihe tine ol the appliralion.The Program Is available lo[he follawing mdushies'�. a FinanciaVProlessional Services b.Te�nnology a Heatlquarle.s(iricluaing regional FeaEquarters)lor any intlustry 'The Clty Commission,ai its discretion,may waive�he eligible indus�ry�eQuiremem at�he reQuesi antl recommendalion ol ihe Ciry ManaOer. IV. PRIOR DEGSION RULE(PRESERVING INDUCEMEN� Any New10-Markal Applira^t thal commi�s to a laa�ion within the Giry oi Miami Beac�prior to Ciry Commiu�on app�vval ol the applicatioNagreement vnll rende�an Applicant ineligible to pa�icipate�n the JCIP. However.Ihe Cily ManaBe�may waive�hls Prior Decision qule and�o�wartl ihe AppliwnPs application to�ne MJCIP_23240001 Page 2 of td 641 MIAMIBEACH MiamiBeachEconomicDevelopment -JobCreation ecoNomic oeveiovMer�r �ncen�ive Program 23-24 EDGELORDLLC Application 7tJCIP_23240001 Name. JonWtlky Phone- (954�354-243d Email: �illing@edglrtl.mm City Commission lor consitlera�ion upon the wriiten reques�by t�e Applicanl to preserre Ilie incen�ive for a limited ume.However,ihe Ciry Commission m�ains�he sale and abwlWa dixreaon m approve n deny tha Applicanl's applicalion.T�is prio�dedsion rule warver shall nol be available to an Appliran�ihal has already publicly tliuloseG ihe inrem,m Iwate or expand its operations in fhe Giry ot Miami Beach without having previously engaged wit���e Ciry's Economic Devebpment Depahmem to raquest��e waiver. b ihe applicant,pleax eoMirm the aeknowledgmenta below. . 1 have reatl anE unEerstootl�he JCIP Program Guidelinee. Ves kJCIP_23240001 Page 3 of 14 642 MIAMIBEACH MiamiBeachEconomicDevelopment -JobCreation eco�om�c oeveiovMeNr Incentive Program 23-24 EDGELORDLLC Application AJCIP_23240001 Name�. Jon Wizky Phane: (954)35azd3d Email: billing@eEglrE.com APPLICANT INFORMATION CompanY�me: EDGE�ORD LLC CompanY DBA,M�p011nbk: EDGLRD Cily o/Mlaml Beach AEtlresa(where Incentive wlll be u�111xeA): 230 Lincolr RoaQ 4�� Fioor XudQuarler or Previoua Addreaa(ii diHarent from above): 35 NE OOtn Siree� FSEnnI Empbyn Wantification: 9]3605900 UMmpbyment Compense[ion Identifiutlon: 3916563 Floritla saks tax rcgisintion number(if appllca0k): 60-8019329349 NNCS CoOe(a�: 513130 SIC Cotle(s�: D310200 IMuatry: Technabgy H MeadyuaNers,reme othx indusiry: ProleelType: Wodtl HO Vrirtwry Busimcc 1lctivi�ies: EDGLR�is a visionary designer collec�ive leveraging aMancetl technology and AI to redeline tha simg9iirg entertainmenl indus�ry. By blending film,fashion, musi4 and diqi�al art,we crealegrou�d�reak��.ng cross- tlisciplinary experiences�hat Wsh��e bounda�ies ol crealivity antl lechnobgy.Collaboraling vnlh leading arlisis XJCIP_232d0001 PagaE ofld 643 MIAMIBEACH MiamiBeachEconomicDevelopment -JobCreation ecoNOM�c oeve�ovMeNr Incentive Program 23-24 EDGELORDLLC AppliCation #JCIP_23240001 Name�. Jon W�zky Phone: (954)354�2434 Email�. billing@edglyd.com antl�ilmmakers,our mission Is�o tlellver innovd�ive,al�urally ncM1..antl visually cdp[rvating pojecls Iha� bans/orm how arl and entetlainment are perceivcW globally. Company Ownx Name: Matthew HoA fl Haimony Korinc Company Owner Title: Co-CEOICo-0EO btl AEtlltional Executive/Primary Contact(H ElMerent from awrer�: !(optionalJJ ves Execulive/Primary Gon�act Name: Jan W(zky�GOO ExecutivelPrimary Conteq Name: N:A ExeculivdPrimary Canbq Emall: ion@eaa�m com ExeeutivdPrimary CoMact Phone: .1 (2151]�6-0]1] AEtl AEOi�ional Au��anzed flepmunta�ive/$econEary Con�acl: No Rut�orizeE Fepresenutive�5acon0ary Contact Name: •ulhorizetl NepresenbtivNSeeondary Contaet Titk: RWhorizeE Reprexn�a�IvdSecontlary Conlact Email: Authorized Fepresentativel5arondary Conbct P�one: is tha Mlami Beach properry to be occupietl baaetl ar owrrotl7 LeaseO Praperty Ownx Name: Vinan Dimond I 230 Linmin MB Title LLC tJCiP_23240001 Gage Sof14 s44 ��AM+g�AC�..� MiamiBeaChEconomic0evelopment -JobCrealion ecorvoMic oeveiovMeNr Incentive Program 23-24 EDGELORDLLG Application #JCIP_23240001 Name�. JonLulzky Phone: (95a)35d2a3d Emaif. Glling@edglyd.�am Properry aw�a Canlae[Emall: Point oi Contad is IM1a CFO Oaniel—�dtlominguez@bays�o�egrovemgmLcom PraPerty Dwnx Conbct Plione: Point o�Comad Is Ihe CFO Daniel-->(305)9�2�]30] Hes t�e company or eny ol ita oiticers eve�Oeen subjecletl to criminal or eivil lines amf pmaltks? Na H Yea,please e[plain: You may reques�I�at your project inlormi�ion anA applica�ion be conliEential per Sec�ion 188.075, FloriAe Statules. Ves tContidenlialiiy�s Requesietl) Mnual RmouM ot ineentivs awartl�equeSteE': Tha mazimuT annu0l Incantiva amoun�ic 560,000 anA as pa���e JCIP Inpnliva calCulator ('I/unsure,please suDmi(fhe applic2fion as Dratt Review aM cnnlacf Eco/romic Devebpment Depdrtment for assislance a(305.6�3.1572 or mbbir@miamibeachllgov) 58aaa MJCIP 232d0001 Page 6 of td 645 MIAMIBEACH MiamiBeachEconomicDevelopment -JobCreation ecoNOMic oeveiorMeNr Incentive Program 23-24 EDGELORDLLC Application#JCIP_23240001 Name: Jon Wtzky Phono: (954)354�2434 Email� billing@e�gUa.mm COMPANV 8 PRQIECT PROFILE Locatlon Stams: New�o Markel Buaness(Relocation) Properry Stetua/Pro�peeHve Slitua: Lease Leasa Tarm/PwposM Lrsx Term(numbe�01 mon�hs� 102 PraPerry NeeEs: Renovafion Busineaa Currcnt Location Floor Ama(sq.tt.�: (I no cunenl bcation exists, wnfe Na) 16033 Bualness Propoxed Locatlan FloorAree(ay.tt.): N;A CAPITAL INVESTMENT Uescribe�he capi�el invMmani in raal and p�rsonal property anlicipa�eE wh���e Pro�acl. (i.e. new conshucfion or renovalion ollhe lacility;expeMifure on improvemenh;aM/orpmch.ae, 2plece, antl/or repainng ol li#ures,lumrture,and epui0meni(FFBE)as well as anficipafe0limeline tor inveslmenlJ We received a Tenant Impmvement allowance$300,000 from our landbrtls.We're also spentling$850,000 0l our own cas�\o linish�he work needetl ta Hnish[he recoesimc[ion. Es�imate assoculeE cost oi m�jor upibl invn�menis(real enE perwnel properlyJ an�idpele0 in connection wNh Projecl: ConahuctioNRenova�ian Cosis: $1 050,000 Furnituro,fiilum antl Equipment(FFBE)Go�ta: $100,000 Equipment Costs: s�oo,000 NJCIP_23240p01 Paga]oftd 646 MIAMIBEACH MiamiBeachEconomicDevelopment -JobCrealion ecoNov,ic oeveiovMeNr InCen�ive Program 23-24 EDGELORDLLC Application #JCIP_23240001 Name. Jon W�zky P�one: (95a)35a-2434 Email' Oilling�deEglyd.com Olher eoa4: ((l.e_personalpmpertyp Su0jecl to change but all pan of previous sactions EMPLOYMENTAND WAGES Exbting�oEs companpwlEe: 54 Mticipa�ed new�full-time jobs in Miami Beach wi�hin 12 mon�ha of relou�ion: 10 To�al anlicipated new full-time�obs In Niami Beach over 4 years Irom rclodtlon: 50 Existing Buslness (Expansion) ExisHnB lobe in Mieml Beeeh: Rnticipatetl new lull-Ume�obs In Mbmi Beach wl�hln 12 moMhs of eipanelon: Ta�al an�lelpa�eE new full-[Ime�obs In Niaml Besch over 3 ye�n Irom eypanelon: llveraqe annual waqes for ell new�oEs in Miami Beach over 1ysar incmtive periotl: Rvere9<annual wages lor ell new lo�a in Miemi Beach over 4year incendve perlod: $9],500 •verege snnuelitttl amount oi emplayer provided ben�G�nticipeted to be aHered with eeeh new job ereated by ihe project in IM lirst ywr tollowin9 erecution ot incentive aqreemeM: $5]60 NJCIP_23240001 Page Bof14 64� M�AM�BEAC�..� Miami Beach Economic Development - Job Creation ecoNOMic oeveiovMenr Incentive Prog�am 23-24 EDGELORDLLC Application #JCIP_23240001 Name. Jon Lulzky P�ane: (954!35a243< Email- billing@etlglrE com JOB CREATION SCHEDULE NumDer of Ave2ge M[4lsn NewJOW Weges(not Waqn(not includinp incluAlnp beneflt�) Eaneli��) Yaar 1 10 90,000 90,000 Yeer2 10 100,000 90,000 Ywr 7 15 115,000 100,000 Year/(New m Market anly) 15 130.000 110,000 SubTo�ab: SO i35,000 I90,000 GranE Tolals: 50 C35,000 390,000 #JCIP_232dpp01 Page 90114 s48 MIAMIBEACH MiamiBeachEconomicDevelopmen� -JohC�eation ecoNOM�c oeveiovMeNr Incentive Program 23-24 EDGELORDLLC Application #JCIP_23240001 Name�, JonLutzky Phone: (954)354�2434 Email�. billing@etlgirtl.mm INCENTIVE INFORMATION InCiwte ihe purpox lor requesting the Ineentive anC explaln haw t�e Imm�llve ha�or wlll fector into Ihe Applimnt's decblon ta rebute or ecpend In the CNy of Miemi Beach. We're Boing a�ier Mis inceneve berause we see Miami 3each becoming a major�ech antl enletlainmem hub, anE we want to ce at the torelmnt of ihat.Our goai Is fo create cutling�eEge film projMs here and really push t�e bountlanas ot whaPs possible.Thi6 suppotl wouW make a big tlM¢r¢nc¢in helping us expantl antl bring Ihat visian to life�in Miami Beach. Xaa Ihe company eonsitlerM rebcation or expanslon to communities otherOwn ihe City ol Miami BeachT Na Which othe�communitles has t�e<ompany conslAercd? Olher IncentWe programa the epplicant is or anticlparos applying for(cheek all that apply): O�heqs) Pravitle a Ilel of Ihe additlanal Ineentive proprem(e)th�t the�ppliunt is eanalderinq or epplyinp M. Expedltetl Plan Review Program antl Gommercial Lease SuOsldy Program kJCIP_23260001 Page 10 of 14 649 MIAMI BEACH Miami Beach Economic Davelopment - Job Creation ecoNOM�.c oeve�ovMeNr Incentive Program 23-24 EDGELORDLLC Application #JCIP_23240001 Name�. Jon Lutzky P�one: (954)354�2d3d Email�. billing�etlglyd.ccm ACKNOWLEDGEMENT AND APPLICATION AUTHORIZATION� ine Applicant acknowl¢tlges that atlherence to Ihe Appllcation anC Program GuiEelines is a requirem¢nt for receipt of t�e mcentiva FaiWre to wmply with Program GuiEelines mey result in ihe loss of eliqibiliry far receip� oi�he incentive. That Ihe Ctty a/Mlaml Bexh m'y revlew and verlly[he Ilnanclal enE personnel recwEs ot Me Participant anE/or peMarm onette vlsits lo verly ertployment relating to t�e New or Relocatttl Jobs, weges paiE,antl Eetermirrc whelhm the Particlpant Is in complienm with the terms ol the applip�lon, proprem Guidelines aM apreament. Ves That complianee with the lerms and conditions of the approved applicatioNa9�«^Knt ia a conditional requirement tor the receipt of any JGP awarA in a fucal year end ihat lM Participanta'lailuro to camply with t�e terma aM[onEltlons ot t�e appravetl appllutloNagreemen�reaults in Ihe bss of eI1qlElYty 1or retelpt of JCIP awartls anC Ilie revopNon by Me Clry Commlssion of[he cerlifiption ot lhe Varticipanfs as a Ciry al Miami Bexh eliqible Eusiness. Ves That Ihe Patllclpant wlll malntaln personnel antl linancial recorGa reWteE b�obs,wages,anE tares pai0 whkh are Me sub�eM ol this application antl proprom antl eubmlt summary reparls ol such racortla to ihe Ciry al Miami Bmch Economic Development Deparlmant aa pen of uc�annual wartl claim submissiort Tha Parlicipant will retain weh personnel recorda lar a period oi bur(<)years aNar payment ol the laat wsh incenlive award. Ves The Participent will Ee monitorad annually Io enaure canpllance wilh Ihe pro�ecteE number al new �oba and the wapea associatetl wlth the new joM.Disbursemenb ta Me VartiNpant will only be made atlar fl has mel all commilmanta as nel forth in t�e Cily ol Mlami Bsach applles�lonlegrosmenl mA�he Ciry Cammiuion approveE Heaolu�ion. Ves That Ihs Parficipant will not enter iMo a leaw ayrwnent,or axacute a renewal,balore iha Nnal appraval of ihe JoE Crwtion Inttnliw P�ogr�m aw�rd,unlesc ihe baae ar reriewal 1�enlered into in conlunction wl�h Ihe Gity al Miami Beach's ExpeEited Plan Feview antl Permitting Iricen�ive or vnlh�he wril�m consem ol the Ciry ol Miami Besch. Ves Phsu mmpbts,slBn,antl uploaA Ne JCIP�ppliwtlon Siqnatu�e Pape MJCIP_23240001 Page 11 of14 650 MIAMI BEACH Miami Beach Economic Development - Job Creation ecoNOMic oeve;oamer,r Incentive Program 23-24 EDGELORDLLC Application #JCIP_23240001 Name�. Jon Lulzky Phone: (954)354-2d34 Email�. billing@etlgirtl.mm A aipnature hom e 1e9+���8���9 euthonly(i<.ezaNlve oHicers and awnen)lar ihe companY is rryulreE lor Ihe aubmlaslon ol an appllutlon. EDGLRD-JCIP�ApplicatiomSignamre-Page.pol :1JCIP_23240001 Page 12 ot14 651 MIAMIBEACH MiamiBeachEconomicDevelopment -JabCrea[ion emNOMic oeveioPM=Nr Incentive Program 23-24 EDGELORDLLC Applica[ion qJCIP_23240007 Name: Jan Lutzky Phone: (954)35a�2434 Email: billing�dedglrtl.com JGP Incentive Calculator Totals: f0 - f0= f0 #`JCIP_23240001 Paga 13 oi 14 652 MIAMIBEACH MiamiBeachEconomicDevelopment -JobCreation ecoNOMic oeve�oPMenr Incentive Program 23-24 E�GELORDLLC Application #JCIP_23240001 Name�. Jon Wtzky Phone: (B%)354-2d3a EmaiP. billing@etlglrtl.com JCIP Incentive Calculator ro�i•: So - fo= Sa kJCIP 23240001 Page 14 0114 653