|Manatee County Government Administrative Center First Floor, Commissioner Chambers 9:00 a.m. - January 29, 2013|
Agenda Item #22
Economic Development Incentive Grant - Project Balance R-13-025
Contact and/or Presenter Information
Economic Development Program Manager
Adoption of Resolution R-13-025 rescinding Resolution R-12-264 and recommending that Project BALANCE be approved as a Qualified Target Industry Business, requesting a waiver of the average wage requirement, and providing for local financial support for the QTI Tax Refund Program.
F.S. 288.106 Tax refund program for Qualified Target Industry Businesses
On December 18, 2012, the Board adopted Resolution R-12-264 finding that Project BALANCE was approved as a qualified applicant and provided matching funds as a local participant in the Qualified Target Industry Tax Refund Program.
Because Project BALANCE is a manufacturing project, they are eligible to receive a waiver of the average wage requirement authorized by Florida Statutes 288.106(4)(b)1.b.
Resolution R-12-264 is being rescinded at this time and the Board is being asked to adopt Resolution R-13-025 which includes the waiver of the average wage requirement.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Original Resolution for Board Records. Executed copy of Resolution and stamped approved Agenda sheet to Karen Stewart, Economic Development Program Manager, Neighborhood Services Department.
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Project Balance Resolution R-13-025 QTI.pdf