www.mymanatee.org
Manatee County Government Administrative Center Fourth Floor, Manatee Room 1:30 p.m. - March 3, 2015
March 3, 2015 - Work Session
Agenda Item #1


Subject
Manatee County Economic Development 2014 Update

Briefings
None

Contact and/or Presenter Information

Cheri Coryea, Director, Neighborhood Services Department, ext.3468

Karen Stewart, Economic Development Division Manager, ext. 6832



Action Requested
Work Session. No action required.

Enabling/Regulating Authority

2009 Board approved Economic Development Incentive Program



Background Discussion

In 2009, the Board created an Economic Development Incentive (EDI) Program to promote a "Jobs Now" approach in Manatee County.

Through the Program, the County offers financial incentives to companies that relocate or expand their business in eligible industry categories, create five (5) or more quality jobs at or above the average annual County wage, and/or make a unique capital investment.

Over 60 companies have been awarded incentives through the Program. 

To date 1,224 quality jobs have been created since the program began.



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
None

Cost and Funds Source Account Number and Name
Determined annually based on eligible incentive awards

Amount and Frequency of Recurring Costs
Paid annually based on agreement terms and eligible activities


Attachment:  12 31 14 Economic Development ROI.pdf
Attachment:  Economic Development Update-12 31 14.pdf
Attachment:  Jobs By Industry Chart 12-31-2014.pdf
Attachment:  Follow Up Memo - Economic Development.pdf