www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - May 7, 2013
REVISED May 7, 2013 - Regular Meeting
Agenda Item #20


Subject
EDI Grant Revision - Project ROSE - Resolution R-13-082

Briefings
None

Contact and/or Presenter Information

Karen Stewart, Manager

Economic Development Division

Ext. 6832



Action Requested
Adoption of Resolution R-13-082 rescinding Resolution R-11-194 and finding that Project ROSE be approved for an Economic Development Incentive Grant for a five-year period.

Enabling/Regulating Authority

F.S. 288.106 Tax refund program for Qualified Target Industry Businesses  

Manatee County Government Incentive Program 



Background Discussion
  • On September 6, 2011, the Board adopted Resolution R-11-194 approving Project ROSE for an Economic Development Incentives Grant.
  • Project ROSE expanded a bio-technology business in Manatee County and is an employer that pays above average salaries and benefits.
  • Project ROSE has qualified and been paid for a portion of these incentives for 4 jobs created in 2011 in the amount of $8,000.
  • Resolution R-13-082 rescinds Resolution R-11-194, approves Project ROSE for the Economic Development Incentives grant, and revises the job creation payout schedule.


County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
Original for Board Records; copy of stamped approved Agenda Memorandum and executed Resolution to Karen Stewart (karen.stewart@mymanatee.org), Neighborhood Services Department.

Cost and Funds Source Account Number and Name
$52,000 EDI 10700015806

Amount and Frequency of Recurring Costs
Over a 5 year period


Attachment:  R11-194.pdf
Attachment:  R13 082.pdf