SARASOTA COUNTY - Sarasota County Commissioners approved three measures this week to create local jobs and strengthen the county's economic base.
Tervis Tumbler in Venice was granted a tax exemption extension for a second year, following last year's exemption of $12 million in new construction and equipment for a pledge of 154 jobs by 2016. The county can waive property taxes for 10 years for private companies that build or expand their facilities to create jobs. The property tax program is part of Sarasota County's economic development incentive program.
Two other companies received $240,000 in economic development grants to remain in Sarasota County and create about 70 jobs over three years.
One company, code name Project Sky, received a $120,000 grant to expand its operations during three years and add 30 jobs with an average annual wage of $54,000. The company offers worker compensation and property insurance coverage.
The second company, with a code name of Project Berry, received a $120,000 grant to grow its business with 40 workers over three years who will make an average of $45,000 a year. The company provides mobile applications for business clients to provide services to customers.
Code names are used during the application process to protect business interests. Requests for grants are reviewed by the Economic Development Corporation of Sarasota County and county staff before going to the Sarasota County Commission for consideration.
For more information about Sarasota County economic development programs, contact the Office of Economic Development at 941-861-5247 or go online to www.scgov.net, keyword search Economic Development.