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Board of County Commissioners December 31, 2012 `�— Page Two Prior to final adoption of Ordinance 2012-16 by the City Council, the Board of County Commissioners discussed possible new incentives which the County could adopt in the Enterprise Zone. One possible incentive mentioned was a waiver of some or all franchise fees charged by the County on utility services to businesses locating or expanding in the zone. At the conclusion of the discussion, the County Attor- ney was tasked with exploring all possible incentives, and bringing a "menu" of possible incentives to the Board for initial consideration—which is the purpose of this agenda item. The County Attorney's expectation is that the Board will consider the possible incentives discussed in this memo, and will identify those which the Board is willing to consider for adoption. At that point, County staff will fully analyze the identified incentives and, unless problems are discovered, will move forward with the final consideration and adoption process. DISCUSSION AND ANALYSIS. The process of identifying possible new incentives for the Enterprise Zone begins with an understanding of the incentives which already exist. Existing incentives fall into several categories: (1) County creat- ed economic development incentives which generally apply throughout the entire unincorporated Coun- ty, including the Enterprise Zone, (2) State of Florida created incentives which are specific to Enterprise Zones, and (3) County created incentives which are specific to the Enterprise Zone. County created incentives which apply throughout the entire unincorporated County, including the En- terprise Zone, are summarized in the Economic Development Initiatives section and Policy 2.2 of the Economic Development Element of the County's 2030 Comprehensive Plan (collectively attached as Exhibit B), and include: • Qualified target industry tax refund program • Local jobs grant program • Impact fee financing program • Waiver of County utility deposits • Expedited permitting • Industrial revenue bonds • Ad valorem tax exemption approved by referendum in November 2010 • Assistance with federal or state grant applications • Special incentives granted by the BCC on a case by case basis (e.g., infrastructure im- provements, etc) • Training/Recruitment programs offered by Workforce Solutions R l4nonevlLindnIGEAFR-ILIBCCl9gendn AlemoslEnterpnse Zone Incentives Id- 101