Incentives 2017-11-08T19:51:01+00:00

BRADENTON AREA INCENTIVES

Lower Costs for Business Relocation and Expansion

The Bradenton Area EDC is your one-stop resource to determine whether your business expansion or relocation qualifies for economic development incentives. Scan the partial list below, and begin the confidential conversation today that could mean substantial cost- and time-savings for your business.

Exclusive Bradenton Area Incentives

Businesses that qualify receive expedited review of all county-related services. The EDC collaborates with key county staff to help keep your project on schedule through ongoing communication, including meetings where all the key players are at the table and to help streamline the regulatory process for your project, while you focus on your business. If you don’t think it’s possible for government and the private sector to work together, move quickly, and reduce your carrying costs, prepare to be pleasantly surprised.

This incentive is available to qualified applicants creating new high-wage job opportunities, with exceptionally high wages and capital investment, either by expanding an existing business in Manatee County or by bringing a new business to the county. This incentive is customized per business based on the number of jobs created, the average annual wage and is paid based on performance over five years.

This incentive provides relief for road impact fee to expanding, new, or relocating businesses that create at least five quality jobs at or above 115% of the Manatee County average annual wage. The jobs created must be those which are established by Enterprise Florida’s Qualified Targeted Industry Tax Refund Program or a local targeted industry. The amount of the incentive is based on the square footage of the construction, the use of the building, transportation impact fees assessed, and the average annual wage of the company. It is paid when the company completes construction activities and applies for the Certificate of Occupancy.

Economic Development Ad Valorem Tax Exemption may be available to qualified new or existing businesses wishing to locate or expand in Manatee County. An application for EDATE may be submitted by the company requesting an exemption by February 1 of the year exemption is proposed to take effect. The application is reviewed by the County Administrator or his designee; the Property Appraiser’s office; and scheduled for public hearing before the Manatee County Board of County Commissioners (Board) for final consideration. Factors to be considered include number of current and projected employees, average wage of employees and amount of capital investment in Manatee County. Other factors to be considered are commitment to local procurement, net positive contribution to local economy, sales factor and innovative business. A scoring matrix is utilized to determine the amount of taxes to be exempt. To achieve the higher scores, there must be over 75 employees and a capital investment in excess of $15 million. An exemption may be granted or refused at the sole discretion of the Board.

Energy
Incentives

New or expanding businesses that add a minimum of 350 kW of new electric load and create at least 25 new jobs per 350 kW of added load can apply for reduced electrical rates. Click here for more information.

Workforce Training Incentives

An employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. A state educational facility – community college, area technical center, school district or university – is available to assist with application and program development or delivery. The educational facility also serves as fiscal agent for the project. The company may use in-house training, outside vendor training programs or the local educational entity to provide training. Reimbursable training expenses include: instructors’/trainers’ wages, curriculum development, and textbook/manuals. This program is customized, flexible and responsive to individual company needs.

Provides training to currently employed workers to keep Florida’s workforce competitive in a global economy and to retain existing businesses. Available to all Florida businesses that have been in operation for at least one year prior to application and that require skills upgrade training for existing employees. Priority is given to businesses in targeted industries Enterprise Zones and Brownfield areas.

Max Stewart
Max StewartDirector of Global Business Development
(941) 803-9036
Lauren Kratsch
Lauren KratschDirector of Project Management
941.803.9032

Fill out the form below for more information.









Click here for more information on workforce development programs in the Bradenton Area.