SVB PROGRESS REPORT 03.11.2016 FINAL.XLSX

EXHIBIT A
Maricopa County Economic Development Grant
Progess Report
Grantee: Silicon Valley Bank
Contract: Econ Devel Funding Agmt
Date Executed: 4/12/2012
Today's Date 3/11/2016
Mailing Address: 2400 Hanover Street
Mailing Address 2: Mail Stop NC 720
City, State & Zip Palo Alto, CA 94304
FEIN: 94-2875288
NAICS: 522110
Contact:
Name Elizabeth Ojeda
Title Paralegal
Phone 650-986-0808
Email lojeda@svb.com
A progress report must be submitted to the Maricopa County Department of Business and Health Care
Programs on or before July 31 of each year within the term of the Agreement, as well as within 90 days
of completion of a performance milestone. The report shall include information for the preceding twelve
months (July-June) and describe the company’s attainment of the performance targets outlined in the
Contract. A report is required regardless of whether any activity has occurred in the year. The initial
report will cover the year in which the contract was executed.
Project Description:
Description of substantive changes made to the original project (if none, write “N/A’):
N/A
JOB CREATION
Proj. Actual
Milestone Date Jobs Cum. Avg. Salary Jobs Cum. Avg. Salary
$ 88,000 *
1 11/1/2013 100 100 100 100 $104,983
2 7/31/2014 60 160 60 160 $101,236.39
3 2/25/2015 60 220 60 220 $96,162.35
4 1/3/2016 60 280 77 297 $103,856.97
5 60 340
6 60 400
7 60 460
Total: 460
*Plus 2% annual increase after 2013.
Narrative on Accomplishment of Milestones:
(Indicate how the above employment data relate to the employment milestones established in the
Contract, i.e., met, exceeded, failed to meet goals because…and how plan to correct)
Silicon Valley Bank (“SVB”) has successfully met Milestone 4 under the Contract (280 cumulative jobs)
in Tempe. As of January 3, 2016 SVB had 280 qualifying jobs, and presently has 297 qualifying jobs.
This submission shall serve as SVB's performance milestone Progress Report as of March 11, 2016.
Attach a copy of the Arizona Unemployment Tax & Wage Report (UC-018) for the period ending 12/31 of
the previous year.
Attach a copy of the current Arizona Unemployment Tax & Wage Report (UC-018) for the period ending
_10/31/12__.
Attach a copy of the company’s most recent certified payroll report. The payroll report must be signed
and dated by the Human Resource Director.