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Fort Myers/Lee County Enterprise Zone

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Fort Myers/Lee County Enterprise Zone. Enterprise Zone. Areas targeted for economic revitalization Prior to 1995 two zones in Lee County (City of Fort Myers, Lee County) 1995 joint application for one EZ – expired December 2005 Re-authorized by State as Fort Myers/Lee County

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Enterprise Zone

  • Areas targeted for economic revitalization
  • Prior to 1995 two zones in Lee County (City of
  • Fort Myers, Lee County)
  • 1995 joint application for one EZ – expired December
  • 2005
  • Re-authorized by State as Fort Myers/Lee County
  • Enterprise Zone January 2006 for 10 years
  • Boundary change approved by State May 1, 2010
enterprise zone
Enterprise Zone
  • County/City required to create public board (5 City, 4 County appointees)
      • Business owner, chamber of commerce, city code enforcement, financial institution, insurance broker, non-profit community based organization, resident in EZ and local law enforcement
  • Unemployment and poverty rate by census tracts qualifier for designated area
  • 9.83 square mile area within boundaries of City and Lee County
enterprise zone benefits
Enterprise Zone Benefits
  • Allows private businesses 6 state tax credits against corporate income taxes and/or state sales taxes
    • Job credits, applicable to either corporate income or state sales taxes
    • Sales tax refund for business machinery and equipment
    • Sales tax refund for building materials to rehab real property or new construction located in the zone
    • Community contribution tax credits against corporate income taxes
    • Property tax credit against corporate income tax, up to $50,000, new/expanded business, 5 new jobs
enterprise zone benefits1
Enterprise Zone Benefits
  • City of Fort Myers Local Incentive
    • 50% rebate each year on business tax receipt (formerly occupational license)
    • 50 or 100% tax exemption against state sales tax on utilities and 50% abatement of municipal utility tax (up to 5 years), new/renovated structure
    • Waiver of residential water & sewer impact fees for new single family dwelling
enterprise zone benefits2
Enterprise Zone Benefits
  • Lee County Local Incentives
    • Waiver of residential impact fees for new single family dwelling (except schools)
    • 100% property tax exemption for child care facility
enterprise zone1
Enterprise Zone

EZ Board and EDO Responsibilities

enterprise zone board
Enterprise Zone Board

GROUP REPRESENTEDAPPOINTED BYNAME

Business Owner Operating in EZ County Eugene S. Trefethen, Fox Electronics

Vice Chair (effective 10/2009)

Business Owner Operating in EZ County Bill Barnwell, Farmer’s Market Rest.

Community Representative City Leonardo Garcia

Financial Institution County Kenneth A. O’Donnell, Bank of

America

Chair (effective 10/2009)

Non-profit Community Based Org. City Thomas Scott, SWFL Enterprise Center

Resident in EZ City Janice Cass

City Code Enforcement City Michael Titmus

Local Law Enforcement County Lt. Charles Barnes, Lee County Sheriff’s Office

Insurance Broker City VACANT

ez board responsibilities
EZ Board Responsibilities
  • Assist in development, implementation and annual review, and update of measurable goals
    • Business creation
    • Job creation
    • Private investment
    • Public awareness
ez board responsibilities1
EZ Board Responsibilities
  • Oversee & monitor implementation of measurable goals, evaluate progress
    • Quarterly and annual reports (state, city council, county commissioners)
  • Identify & recommend to City/County ways to remove regulatory barriers
ez board responsibilities2
EZ Board Responsibilities
  • Identify the needs of eligible EZ businesses & communicate to City/County
    • Local resources
    • Assistance available
edo responsibilities
EDO Responsibilities
  • Administer EZ on behalf of BOCC & City Council
  • Prepare Notices, minutes and host Board meetings
  • Assure measurable goals are met
    • Tracking systems – City/County
    • Prepare quarterly reports
    • Present annual report for review & approval
edo responsibilities1
EDO Responsibilities
  • Market EZ to existing and new businesses
    • Create brochures and distribute
    • Press releases
    • News stories
    • Mailings
    • Workshops, Seminars (SBDC)
    • Maintain available property in real estate database -- expansions/locations
edo responsibilities2
EDO Responsibilities
  • Provide technical assistance to individuals & businesses
    • Outreach visits
  • Review and approve all applications for refund
ez program results
EZ PROGRAM RESULTS

$22.1 M - capital Investment (1996-2009)

$1.3 M - business reimbursement (1996-2009)

$3.5 M - 3,281 businesses received impact fee & business tax

receipt waivers (2005-2009 City of Fort Myers)

397 - new businesses (2005-2009)

4,337 - new jobs (2005-2009)

$39,245 - 5 businesses received state training grants (2007-2009)

7,242 - technical assistance to individuals & businesses

through one-on-one, seminars, workshops, & mailings(2005-2009)

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