Local and State Incentives

Lee County FIRST Program for High Value Jobs ($25 M Incentive)
Business expansion and locations; cash reimbursement based on performance agreement; targeted industries; >125% of county average wage; 75 new jobs over three years; major capital investment; inducement

Lee County Job Opportunity Program (LCJOP) for High Value Jobs
Business expansions and locations; 10 + new jobs; $2,000 - $6,000 per new job; targeted industries; >100% of county average wage; cash reimbursement of approved expenditures; also used for 20% match to State QTI; inducement

Industrial Development Revenue Bonds
Tax-exempt bonds; provides a source of long-term, below-market-rate financing; allows certain types of business opportunity to finance facility construction and related cost at an interest rate typically two or three percent below conventional financing rates

Enterprise Zone
State tax refunds and credits for businesses located in the EZ; additional City of Fort Myers and County incentives

Lee County Change of Use Impact Fees
Waived (expires Dec. 2012)

Fast Track Rezoning and Permitting
Expedited process for projects identified by Economic Development as "economic projects"

Change of Use Impact Fees
Waived (expires Aug. 2012)

Amended Land Development Code
Amended certain provisions so special exceptions and variances can be processed by resolution instead of ordinance

Utilities and Fire and Rescue District
Committed to:

• Comprehensive and coordinated permit/plan review processes to facilitate timely issuance of building permits and plan reviews
• Facilitate initial coordinated meeting with business owners to answer questions pertaining to rules, regulations and procedures
• Set-up a coordinated inspection procedure for all building permits, sites plan inspections/reviews
• Establish a staff designee from each entity as EDC contact person

Cash Incentive Program
Business expansions and locations; 5 + new jobs; 75% of new employees current or planned Cape Coral residents; $2,000 per new job above average wage or $1,500 per job that equals average wage; targeted industries; >100% of county average wage; cash reimbursement of approved expenditures

Impact Fee Deferral Program
Road and utility capital improvement impact fees for target sectors for up to 10 years. Commercial/industrial shell buildings are also eligible for deferrals up to 36 months

Road Impact Fees
Waived for any business moving into an existing building; expires Sept. 1, 2012

Cape Coral Community Redevelopment Agency
Technical and financial assistance for exterior commercial building renovations and new construction projects

City of Fort Myers Impact Fee Waivers

• Water   (Expires Jan. 1, 2014)
• Sewer   (Expires Jan. 1, 2014)
• Change of Use   (Expires Dec. 2012)

Fast Track Plan Reviews and Permitting
Expedited process for projects identified as "economic projects".

Development Concierge Service
Service for projects identified as "economic projects" to provide concierge service through email tree communications, on-site consultations, external agency referrals, and cross-department coordination to rapidly respond to development requests.

Advanced Demographic, GIS Mapping Service, and Business Marketing

• Project specific data and mapping services through economic development GIS layers, demographic data, and consumer trend data.
• Coming soon in Summer 2012 – Shops QA micro-website business directory service. Provides web-based directory from City website to all businesses in the City. Provides businesses an interactive micro-website for information, marketing, coupons, directions, and mapping.

Enterprise Zone
State tax refunds and credits for businesses located in the EZ. City and County incentives.

Community Development Block Grant – Economic Development Incentives
Provision of loans and grants to businesses and organizations to benefit low-to-moderate income residents through commercial rehabilitation, job creation, job retention, micro-enterprise development, job training, and small business loans.

Local Brownfields Program

• City has 3 locally designated brownfields districts that qualify projects for State Brownfields Tax Credit incentive.
• City uses EPA Brownfields Assessment and Clean-up grants to assist in the redevelopment of private and public properties.

Purchasing & Contracts
Local vendor preference for City businesses and continuing contract program.

Fort Myers Community Redevelopment Agency (FMCRA)

• 14 Redevelopment Districts designated in Fort Myers.
• Tax Increment Financing (TIF) – Tax rebates available to return percentage of property taxes paid for redevelopment projects.
• Landscape/Façade Matching Grant
• Business Development Grant
• Marketing assistance through website and downtown directory, ombudsman and technical assistance for redevelopment projects, and business property location assistance.
• Fort Myers Film Commission – promotes film activity at City locations.
• Enhanced Municipal Service Levels – Decorative lighting, promotional signage, parking, police patrols, and storm water credits.

Southwest Florida Enterprise Center (SWFEC)

• Business incubator that provides leased space to entrepreneurs for office and warehouse needs. Tenants are provided business services for administrative services, meeting space, and technical assistance.
• Entrepreneurial school is offered to individuals interested in developing a business plan and learning how to start a business.

FEMA National Flood Insurance Program – Community Rating System
City CRS program participation reduces flood insurance rates for City businesses and residences by 15%.

Fire Department Service Level

• City Fire service level provides a City-wide ISO rating of 3. The low rating is factored into commercial insurance policies to reduce rates for businesses and residences located within Fort Myers.
• Enhanced fire services that provide incentive for commercial and industrial facilities to locate in Fort Myers include ladder truck service, technical rescue team, regional WMD primary response team, County hazardous material team, advanced life support service, and GPS closest unit response technology.

Harborside Event Center and Downtown Event Promotion

• Harborside – riverfront event center for large conferences, trade gatherings, meeting space, and special event or product promotions.
• MyRiverDistrict.com – promotes events and downtown businesses.
• Downtown Event Promotions – City provides $141,500 annually to promote 14 special events that attract over 250,000 visitors to Fort Myers annually.
• Free day-visit and event dockage at Fort Myers Yacht Basin.
• Coming Soon in Summer 2012 – Out-parcels for convention hotel and restaurant/multi-use development adjacent to new water detention amenity site in the Downtown riverfront. Offsite storm water credits available with approval to reduce on-site design costs. The basin is designed to promote special event and economic activity.

Qualified Targeted Industry Tax Refund Program (QTI)
Business expansions and locations; 10 + new jobs; $3,000 to $8,000 per new job; targeted industries; 115% of county average wage; tax refund; local community must provide 20% match; inducement

Quick-Response Training Grant (QRT)
Expansions, locations and existing businesses; customized entry-level skills training not available at the local level; 24 months or less; grant goes directly to company; no restrictions on type of training; 50/50 match

Economic Development Transportation Fund
Business expansions and locations; targeted industries; up to $2 million to local municipality for project transportation impediments

Enterprise Bonds (Pooled Activity Bonds)
Grouping of smaller, individual project loans; upfront bond financing costs in range of 3.5%-4% of the amount of financing requested; $800,000 to $2.5m or more for acquisition of fixed assets; credit-worthy manufacturers and select non-profit organizations; long-term, tax-exempt, below conventional rate loans

Incumbent Worker Training (IWT)
Existing for-profit businesses in Florida for at least one year with one full-time employee; customized training; no minimum wage requirement; grant goes directly to company; no restrictions on type of training, 50/50

Machinery and Equipment Sales Tax Exemption
Expanding or locating manufacturers; exempt from sales tax

Sales Tax Exemption on Electricity and Steam
Existing or locating manufacturers; machinery and equipment; <75% receives 50% exemption; >75% receives 100% exemption

Brownfield Redevelopment Bonus
City of Fort Myers only; tax refund for pre-approved applicant; 20% of average wage of new jobs created, up to maximum of $2,500 per new job; real property, expansion, redevelopment or reuse