Manatee County Government Administrative Center First Floor, Commissioner Chambers 9:00 a.m. - January 29, 2013
REVISED January 29, 2013 Regular Meeting
Agenda Item #22

Economic Development Incentive Grant - Project Balance R-13-025


Contact and/or Presenter Information

Karen Stewart

Economic Development Program Manager

Ext. 6832

Action Requested
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.

Enabling/Regulating Authority
F.S. 288.106 Tax refund program for Qualified Target Industry Businesses

Background Discussion

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Resolution R-12-264 is being rescinded at this time and the Board is being asked to adopt Resolution R-13-025 which includes the waiver of the average wage requirement.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

Reviewing Attorney

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
QTI 001.0015806

Amount and Frequency of Recurring Costs

Attachment:  Project Balance Resolution R-13-025 QTI.pdf
Attachment:  R12-264.pdf