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.
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24 Baby Wearing Dance Class
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27 Thanksgiving Free Public Talk & Veggie Potluck
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29 Light Up Siesta Village and Holiday Parade
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Cops Corner: Sarasota
Enjoy this week's edition of Cops Corner.
World on a string
The exchange of goods and chatter are the usual soundtrack for the Saturday morning Downtown Farmers Market on Orange Avenue.
Read all about it
Bookstores across the state celebrated Florida Bookstore Day Saturday. Bookstore1 held an all-ages literary party and read-a-thon for customers and members of the community.