On Nov. 3, 2020, Sarasota County voters will be asked whether or not to renew the Economic Development Ad Valorem Tax Exemption (EDAVTE), which is designed to encourage new businesses to relocate to, and existing businesses to expand within, Sarasota County, in an effort to create new job opportunities.

Sarasota County’s current EDAVTE authorizes the county to grant qualifying businesses a property tax exemption of up to 100 percent for up to 10 years, on both real and tangible personal property.

This has been an effective Economic Development tool with a proven record of overperformance.

Visit Sarasota County’s EDVATE page to read more.