|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - October 17, 2017|
Agenda Item #2
Economic Development Incentives and Southwest District
Contact and/or Presenter Information
Geri Lopez, Director, ext. 3937
Report on existing Manatee County Incentive Program and recommendations on enhancement of the program to include the Southwest District.
F.S. 125.045 County economic development powers
Manatee County Government Economic Development Incentive Program
The current Manatee County Economic Development Program was adopted on April 21, 2009, providing incentives for certain targeted industries based on the number of jobs created, the wage of those jobs, and significant capital investment in Manatee County.
The Southwest District (Southwest Tax Increment Financing District) was established through Ordinance No. 14-28 on June 3, 2014, to provide a financing mechanism to pay a portion of the costs of redevelopment within the district.
In an effort to increase investment and job creation in the Southwest District, incentives are being evaluated to stimulate business expansion and retention and to attract new companies to the area.
The presentation will review the current economic development program and provide concepts for incentives that could be provided in the Southwest District. Staff will provide an overview of next steps required for implementation.
An inclusive economic development initiative will be introduced and an update on the refocused community policing strategy will be discussed.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: ED SWD Incentives Worksession 10 17 17.pdf