Enterprise Zone Quarterly Report to the

City of Leesburg

Purpose

Provide an update on the Lake County Enterprise Zone as required by

Ordinance No. 2011-58

Outline

• Overview of the Enterprise Zone Strategic Plan

• Designation of the Enterprise Zone

• Enterprise Zone Locations

• Benefits within the Enterprise Zone

• Enterprise Zone Development Agency

• Enterprise Zone Brochure

• Enterprise Zone Web Page

• Work Program for 2013

Enterprise Zone Strategic Plan

The Plan was approved by the Board on December 20, 2011 and consists of nine community objectives and goals:

1. Streamline permitting and review processes.

2. Meet with businesses to determine needs.

3. Update ordinances.

4. Create a Countywide partnership.

Enterprise Zone Strategic Plan

Community objectives and goals (continued).

5. Pursue opportunities to strengthen area.

6. Increase awareness of local resources.

7. Recruit targeted industries.

8. Create vibrant neighborhoods with quality,

affordable housing.

9. Enhance community aesthetics.

Enterprise Zone Strategic Plan

Consists of five measurable goals:

1. Reduce the unemployment rate.

2. Increase educational attainment and job training.

3. Increase sustainable business.

4. Reduce the poverty rate.

5. Reduce the crime rate.

Designation of Enterprise Zone and Interlocal Agreement

• On December 29, 2011, the Florida Department of Economic Opportunity designated the area nominated by the Commission as a Florida Enterprise Zone; it was effective January 1, 2012.

• On January 24, 2012, the Lake County Board of County Commissioners entered into an Interlocal Agreement with the cities of Eustis, Leesburg and Mascotte.

Enterprise Zone Locations

Locations

• Eustis

• Leesburg

• Mascotte

Nominated Area 1

Area 1: Eustis

Area 2: Leesburg

Nominated Area 3

Area 3: Mascotte

Benefits within the Enterprise Zone

State incentives in Enterprise Zones:

• Jobs credit

• Property tax credit

• Community contribution tax credit

• Sales tax exemption for building material, business equipment and electrical energy used

• Jobs credit against the sales tax

• Child care facility property tax exemption

Enterprise Zone Development Agency

• Ordinance 2011-58 created an 11-member Enterprise Zone Development Agency (Agency).

• On June 12, 2012, the Commission appointed ten members to the Agency.

• On September 11, 2012, the Commission approved the nominations of Sue Cordova, Chairman and Robert Cronin, Vice-Chairman.

Enterprise Zone Development Agency

• Nancy Muenzmay

• Louis C. Ward

• Kathryn S. McKeeby

• Ginger Howard

• Wynderlon O. Blue

• Mary Marquard

• Kent Adcock

• Emily A. Lee

Enterprise Zone Development Agency Responsibilities

• Monitor the implementation of the goals.

• Annual review and update.

• Monthly, quarterly and yearly reports.

• Recommend ways to remove barriers.

• Identify needs and resources for businesses.

• Assist in promoting incentives.

• Recommend boundary changes as needed.

• Work with nonprofit consulting organizations, Enterprise Florida, Inc. and State offices.

Enterprise Zone Development Agency Meetings

• The first meeting of the Agency was held on August 15, 2012.

• Staff from the County and the Cities of Eustis, Leesburg and Mascotte gave presentations to the Agency on September 18, 2012.

• The Agency’s next meeting is December 3, 2012.

Enterprise Zone Brochure

Distribution began on September 17, 2012.

Enterprise Zone Web Page

• The Enterprise Zone web page published on September 17, 2012.

Work Program for 2013

• Identify targeted industries for each area.

• Begin recruitment of the targeted industries.

• Meet with existing businesses.

• Meet with real estate agents.

• Develop and strengthen law enforcement relationships with business owners, property owners and stakeholders.

Thank you.