Sarasota County and its municipalities are looking to attract new businesses and allow existing businesses to expand.
An Aug. 24 referendum would provide those businesses with up to a 100% exemption from property taxes and taxes on personal property.
“The county’s focus has been the creation of jobs, jobs and more jobs,” said Jeff Seward, the county’s chief financial planning officer.
Businesses hoping to benefit from the tax break will have to meet strict requirements.
They’ll have to employ 25 or more people, and at least half of their product must be exported outside of the county.
If a company meets those two requirements, it will then be scored on the number of jobs it creates; the average wage of those jobs; the company’s capital investment in the county; its innovation, which mainly deals with being environmentally friendly; and its commitment to using local resources — employment pool, subcontractors, etc.
Depending on its score in those categories, a company may qualify for a 100% exemption, no exemption at all or somewhere in-between.
Read more in the April 1 issue of The Sarasota Observer.
Contact Robin Roy at firstname.lastname@example.org.
Currently 0 Responses
5 Wine, Dine, and Pine
6:00 pm - 8:00 pm
6 Holiday Shopping with Artist Elizabeth Van Riper at the Sarasota Ritz Carlton
9:00 am - 6:00 am
6 Holiday Boutique
9:00 am - 4:00 pm
6 37th Annual 1st Friday Art Walk "Taste of the Season"
6:30 pm - 9:00 pm
6 Republican Women's Club Luncheon
7 16th Annual Jingle & Jog 5K Race/1K Walk-Run
7:00 am - 11:00 am
7 Third Annual Achieva Reindeer Trot
7 Free Santa Pictures With Kids, Pets and Families
10:00 am - 4:00 pm
During each of the last eight years, the Out-of-Door Academy families have collected food for Gocio Elementary families.
Forty Carrots hosts grandparents
Forty Carrots Family Center invited students’ grandparents to attend Grandparents’ Day Nov. 25.
The Rotary Club of Sarasota Keys is seeking volunteers from now through Dec. 24, to help man its Salvation Army kettle bell during the holiday season.