Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - June 2, 2015
June 2, 2015 - Regular Meeting
Agenda Item #17

Economic Development Incentive Grant Revision - Project BUILD


Contact and/or Presenter Information
Karen Stewart
Economic Development Program Manager
Ext. 3029

Action Requested
Adoption of Resolution R-15-079 rescinding Resolution R-11-087 and finding that Project Build is approved for an Economic Development Incentive Grant (EDI).

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 Incentive Grant.

Background Discussion
On March 18, 2011, the Board adopted Resolution R-11-087 approving Project Build for an Economic Development Incentive Grant.

Subsequently, Advantage Trim & Lumber of Florida, Inc., expanded a manufacturing business in Manatee County and is an employer that pays above average wages and benefits.

Resolution R-15-079 rescinds Resolution R-11-087, approves Advantage Trim & Lumber of Florida, Inc. (Project BUILD) for an Economic Development Incentive, and revises the job creation and payout schedule.

County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other

Reviewing Attorney

Instructions to Board Records
Original Resolution for Board Records.  Copy of executed resolution and approved agenda to Karen Stewart, Neighborhood Services Department (karen.stewart@mymanatee.org).

Cost and Funds Source Account Number and Name
EDI - 107.0015806 - $26,000

Amount and Frequency of Recurring Costs
Over a five year period

Attachment:  Build Revision-R-15-079.pdf