Local Incentives

Florida has a great climate for business, and Sarasota County is an ideal place to locate and grow. Our local incentive programs solve three key problems for business – time, cost, and uncertainty.

Sarasota County Incentives

It all comes down to choosing the right local community. Because this isn’t just where you work. It’s where you live. And it’s where you’ll be recruiting new employees and clients to work with you.

Time/Complexity Incentives

Sarasota Means Action Response Team (SMART) Permitting Program

A fast-track permitting system, the SMART program allows targeted industry companies wishing to expand or relocate in Sarasota County to develop a facility within a time frame that meets corporate goals and deadlines. Shorter than working through the system without special assistance, the SMART program doesn’t eliminate or circumvent existing land use regulations or construction standards; it simply accelerates the process.

Requirements
  • Operate in a Qualified Targeted Industry
  • Create a minimum of 10 new full-time jobs in Sarasota County
  • Pay average annual wage exceeding the average wage of private industries in Sarasota County – $42,979

Download More on SMART

Discretionary Incentives

Sarasota County Economic Development Incentive Fund

This fund helps retain existing businesses, assist those who want to expand, and attract new businesses that are considering Sarasota County. The pay-for-performance program is focused on Qualified Targeted Industry companies identified by Enterprise Florida or County Resolution, with job creation and higher than average wages.

Requirements
  • Operate in a Qualified Targeted Industry
  • Create a minimum of 10 new full time jobs in Sarasota County
  • Pay an average annual wage of 115% metropolitan statistical area (MSA) – $49,426
  • Company has been established for a minimum of five years and has had increased sales and employment during three of the last five years

Download More on Discretionary Incentives

Tax Incentives

Economic Development Ad Valorem Tax Exemption (EDAVTE)

The EDAVTE program is a catalyst for existing businesses to relocate, expand and create new job opportunities for local residents. This program authorizes the County, and those respective Cities’ Commissions, to grant a property tax exemption to qualifying businesses for up to 100 percent for up to 10 years, on both real and tangible personal property.

Requirements
  • Operate in a Qualified Targeted Industry
  • Create 10 new-to-Sarasota County jobs in first 2 years of the exemption
  • Pay average annual wage of 115% metropolitan statistical area (MSA) – $49,426
  • Capital Investment of at least $1 million

Download More on EDAVTE

Mobility Fee Mitigation Program

This award is determined based on job creation, wages, capital investment, and availability of child care for employees. It allows the County to mitigate up to 100% of mobility fees (short-term costs, typically paid before a building permit or certificate of occupancy is issued), to foster economic development while maintaining funding for transportation facilities.

Requirements
  • Operate in a Qualified Targeted Industry
  • Create 10 new-to-Sarasota County jobs
  • Must be located in a designated mitigation area

Download More on Mobility Fee Mitigation

We know your business can’t be hindered by lengthy processes

The EDC will work with your company to ensure our programs solve the key needs that most impact your project.

For additional information on Workforce Incentives, please visit the Workforce Development page.

All programs are available either as part of a local package or in conjunction with other applicable state programs.

 

Explore the Possibilities

Property Search

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Top Employers

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Workforce Development

Learn how we're continuing to grow our qualified workforce on the Suncoast.

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Chairman’s Advisors

CareerSource Suncoast
Wells Fargo
University of South Florida
Gulf Coast Community Foundation
FCCI Insurance Group
Sarasota Bradenton International
Suntrust
S-one1
Sarasota Memorial Hospital
Schumaker
Schroeder Manatee Ranch
Ringling College
Premiero Community Bank
PNC Bank
PGT Windows
Michael Saunders & Company
Lakewood Ranch Commercial
Herald Tribune
Florida Power & Electric
Comcast Business
CenterState Bank
Benderson Development
Bank of Tampa
Coldwell Banker
Baltimore Orioles
Onideas
Sarasota magazine
CareerEdge
Teco Peoples Gas