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Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - October 17, 2017
October 17, 2017 - Work Session
Agenda Item #2


Subject
Economic Development Incentives and Southwest District

Briefings
None

Contact and/or Presenter Information
Geri Lopez, Director, ext. 3937


Action Requested
Report on existing Manatee County Incentive Program and recommendations on enhancement of the program to include the Southwest District.


Enabling/Regulating Authority

F.S. 125.045 County economic development powers

Manatee County Government Economic Development Incentive Program



Background Discussion

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


Reviewing Attorney
N/A

Instructions to Board Records
None

Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  ED SWD Incentives Worksession 10 17 17.pdf