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
24 Open House with Artist Nancy Hall: Fourth Fridays
5:00 pm - 9:00 pm
24 Meetings with Ancient Ones - Messages, Guides and Readings
7:30 pm - 8:30 pm
24 Fridays and Saturdays: Twinkle!
8:00 pm - 10:30 pm
25 Free Summer Olympics for the kids
10:00 am - 4:00 pm
Jolly good fellow
Just as Observer advertising representative Bob Lewis loves to garden, he also cultivates relationships with all of his co-workers and clients.
Going for the gold
Sisters Francesca and Elizabeth Martel returned victorious Monday, May 20, after a weekend at the Special Olympics of Florida State Summer Games, in Orlando.
Trevor Kunk is the chef de cuisine at Blue Hill in New York City’s Greenwich Village, which the James Beard Foundation just named "most outstanding restaurant."