www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - December 13, 2016
REVISED - December 13, 2016 - Regular Meeting
Agenda Item #56


Subject
Economic Development Incentive Program Update

Briefings
None

Contact and/or Presenter Information

Karen Stewart
County Economic Development Official
Ext. 3029



Action Requested

Presentation to the Board regarding Economic Development Incentive Program goals and accomplishments for FY 2015-2016.



Enabling/Regulating Authority

F.S. 288.106 Tax refund program for qualified target industry businesses.

F.S. 288.075 Confidentiality for economic development projects

Manatee County Government Economic Development Incentive Program



Background Discussion

On April 21, 2009, the Manatee Board of County Commissioners adopted the Manatee County Economic Development Incentive Program which provides for Economic Development Incentive Grants (EDI).

EDI/TIFI grants are available to qualifying businesses creating new high wage job opportunities, either by expanding an existing business or by bringing a new business to Manatee County. The incentive is customized per business based on the number of jobs created and percent above 115% of the average Manatee annual wage of the company.

This  report provides an update and demonstrates the results of the Economic Development Incentive Program for FY 2015-2016.



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
None


Attachment:  Economic Development Report to BCC12.13.16.pdf