Agenda 09/24/2013 Item #11D 9/24/2013 11 .D.
EXECUTIVE SUMMARY
Recommendation to Adopt a resolution approving the Collier County Office of Business &
Economic Development Prospect #13-011, as a Qualified Applicant to Florida's Qualified
Target Industries (QTI) Tax Refund Program, providing up to $65,000 of local financial
support for an expansion of an existing high value added manufacturing firm in Collier
County that will create 65 new quality jobs.
OBJECTIVE: That the Board of County Commissioners (Board) approves Collier County
Office of Business & Economic Development Prospect #13-011 as a qualified applicant
pursuant to section 288.106, Florida Statutes; and identifying sources of local financial support
of $65,000 as local participation in the qualified target industry tax refund program for fiscal
year(s) 2015-2021.
CONSIDERATIONS: A business prospect of the Collier County Office of Business &
Economic Development (#13-011) proposes to expand an existing high value added
manufacturing firm in Collier County, creating 65 new quality jobs with average wages of at
least 115% of the Naples-Marco Island MSA's private sector average wage, which is equivalent
to approximately $45,968. This prospect is also expected to generate up to $2 million in capital
investment. This prospect has alternative sites available and has made receipt of tax refunds a
condition for further consideration of locating such expansion at a Collier County site.
In order to collect the annual tax refunds, the prospect must create the number of new jobs
contracted with the Florida Department of Economic Opportunity (DEO), and provide wages
averaging at least 115% of the MSA average wage over the four year term. The state program
requires that the local community provide 20% of the total tax refunds. This local match is paid
to the state, not the applicant. If the case that Prospect #13-011, fulfills the contractual
obligations for quality job creation, the County would pay 100% of the local match for this
application which would be up to $1,000 per job or $65,000 total spread over at least four years.
The maximum cost to the County for this applicant creating new jobs within Collier County is
$65,000 spread over four years or more.
FISCAL IMPACT: The maximum cost to the County for this QTI applicant is $65,000 spread
over a minimum of four years, anticipated to begin in FY 2015. Subject to appropriations,
funding will continue for this project through FY 2021. As necessary, a budget amendment will
be brought to the Board prior to funds being expended. Funding for Economic Development
Initiatives is available in the FY 2014 Proposed Budget Economic Development Fund 007.
GROWTH MANAGEMENT IMPACT: None.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires
majority vote for approval. -JAK
Packet Page-456-
9/24/2013 11 .D.
RECOMMENDATION: Adopt a resolution approving the Collier County Office of Business
& Economic Development Prospect #13-011, as a Qualified Applicant to Florida's Qualified
Target Industries (QTI) Tax Refund Program, providing up to $65,000 of local financial support
for an expansion of an existing high value added manufacturing firm in Collier County that will
create 65 new quality jobs.
Prepared by: Bruce Register, Director, Office of Business & Economic Development
Attachments: Attachment A: Basic Industry Growth Promotion Incentive Program Overview
Attachment B: State of Florida QTI Program Overview,Attachment C: ALPS Program Overview
Packet Page-457-
9/24/2013 11 .D.
COLLIER COUNTY
Board of County Commissioners
Item Number: 11.11.D.
Item Summary: Recommendation to adopt a resolution approving the Collier County
Office of Business and Economic Development Prospect#13-011, as a Qualified Applicant to
Florida"s Qualified Target Industries (QTI)Tax Refund Program, providing up to $75,000 of local
financial support for an expansion of an existing high value added manufacturing firm in Collier
County that will create 75 new above average wage jobs. (Bruce Register, Business and
Economic Development Director)
Meeting Date: 9/24/2013
Prepared By
Approved By
Name: IsacksonMark
Title:Director-Corp Financial and Mgmt Svs,CMO
Date: 9/18/2013 6:21:45 PM
Name: IsacksonMark
Title:Director-Corp Financial and Mgmt Svs,CMO
Date: 9/18/2013 6:36:54 PM
Packet Page-458-
9/24/2013 11 .D.
RESOLUTION NO.2013-
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, RECOMMENDING THAT COLLIER
COUNTY OFFICE OF BUSINESS & ECONOMIC DEVELOPMENT
PROSPECT #13-011, A CONFIDENTIAL PROJECT PURSUANT TO
SECTION 288.075, FLORIDA STATUTES, BE APPROVED AS A
QUALIFIED TARGET INDUSTRY BUSINESS PURSUANT TO SECTION
288.106, FLORIDA STATUTES; AND IDENTIFYING SOURCES OF
LOCAL FINANCIAL SUPPORT OF $65,000 AS LOCAL
PARTICIPATION IN THE QUALIFIED TARGET INDUSTRY TAX
REFUND PROGRAM FOR FISCAL YEAR(S) 2015-2021.
WHEREAS, Collier County Office of Business & Economic Development Prospect#13-
011 is a confidential project pursuant to Section 288.075. Florida Statutes, and a Qualified Target
Industry business as defined in Section 208.106,Florida Statutes; and
WHEREAS, the Legislature of the State of Florida has enacted Chapter 94-136, Laws of
Florida, creating Section 288.106, Florida Statutes, to encourage the growth of Florida's high-
value-added employment; and
WHEREAS Section 288.106, Florida Statutes, authorizes the Florida Department of
Economic Opportunity to accept, review and approve applications for tax refunds to qualified
target industry businesses; and
WHEREAS, Section 288.106, Florida Statutes, requires 20% local financial participation
as tax refunds become due; and
WHEREAS, the Board of County Commissioners of Collier County, Florida recognizes
and acknowledges the importance of expanding the creation of Qualified Targeted Business in
Collier County: and
WHEREAS, Collier County Office of Business & Economic Development Prospect#13-
011 has applied to the State of Florida's Qualified Target Industry Tax Refund Program
("Program"); and
WHEREAS, the Company identified as the Collier County Office of Business &
Economic Development Prospect #13-011, wishes to expand a Collier County operation
consisting of 65 new qualifying value-added jobs in three phases; and
WHEREAS, the Company identified as the Collier County Office of Business &
Economic Development Prospect #13-011 will provide high-wage, value-added employment to
1
Packet Page-459-
9/24/2013 11 .0.
Collier County citizens with average wages of at least $45,968 or 115% of the Naples-Marco
Island MSA's private sector average wage; and
WHEREAS, the Board of County Commissioners finds that providing tax refunds and
other tax incentives to the Collier County Office of Business & Economic Development Prospect
#13-011 is vital to the public purpose of employing Collier County citizens and ensuring the
County's economic vitality.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA that that the Board hereby
recommends that the Collier County Office of Business&Economic Development Prospect#13-
01 1 be approved as a Qualified Target Industry Business pursuant to Section 288.106, Florida
Statutes. This recommendation is based upon the creation of the specified jobs and is contingent
upon Collier County's review of Collier County Office of Business & Economic Development
Prospect #13-011's final application to be a Qualified Target Industries Business and
confirmation of the information therein.
BE IT FURTHER RESOLVED that the necessary commitment of local financial support
for the Qualified Target Industry Business for the Qualified Target Industry Tax Refund Program
has been identified in the amount of $65,000; consisting of 100% of the local contribution
coming from Collier County subject to annual appropriations; and will be paid to the Florida
Economic Development Trust Fund as tax refunds become due with the stipulation that these
funds are intended to represent the local financial support required by Section 288.106, Florida
Statutes and are conditional upon the applicant meeting all requirements of the program and
Collier County. If the site of the Qualified Target Industry Business changes to or becomes part
of a Tax Increment District in a municipality within Collier County, the County will reduce its
contribution to 10% of the local match.
THIS RESOLUTION ADOPTED after motion, second, and majority vote favoring
same this 24th day of September, 2013.
ATTEST: BOARD OF COUNTY COMMISSIONERS
DWIGHT E. BROCK, CLERK COLLIER COUNTY, FLORIDA
By: By:
, Deputy Clerk GEORGIA A. HILLER, ESQ.
CHAIRWOMAN
Approved as to form and legality:
Jeffrey A. Klatzkow, County Attorney
2
Packet Page-460-