|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - August 12, 2014|
Agenda Item #23
Economic Development Incentive Resolution (R-14-104)
Contact and/or Presenter Information
Economic Development Program Manager
Adoption of Resolution R-14-104 finding that Project Sandpiper is approved for an Economic Development Incentive Grant.
F.S. 288.106 Tax refund program for qualified target industry businesses.
Manatee County Government Incentive Program
EDI 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.
In instances where other governmental partners shall be involved in the consideration for incentive opportunities of a business, the County may consider a partnership in financial funding if the project meets the criteria set forth in the Manatee County Economic Development Incentive Program. Upon notification to the County of an incentive offer by the other governmental partner the County may consider a joint participation for the project.
Joint participation by another governmental entity shall reduce the amount of financial commitment on behalf of the County. A participation agreement shall be entered into by the parties involved to ensure financial commitments are received and provided to the project upon meeting incentive requirements.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Original Resolution for Board Records, copy of executed resolution and approved agenda to Karen Stewart, Neighborhood Services Department (email@example.com).
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
$155,000 over a five year period