In a recent meeting with members of the Greater Pensacola Chamber of Commerce, Navy Federal CEO Cutler Dawson shared information about his company’s future growth and plans for developing the 240-
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The Escambia County Land Purchase Incentive Program allows Escambia County to discount property prices for economic development projects that locate in county-owned commerce parks.
The following criteria are applied as a basis for determining land purchase incentives for qualifying businesses in the form of discounts to the purchase price of certain county-owned industrial property:
The Escambia County Cash Incentive Program establishes an Economic Development Incentive Fund to provide grant monies to qualified businesses in order to defray costs incurred as a result of relocation or expansion.
The following criteria are considered in awarding grants from the economic development incentive fund:
This incentive program provides for refunding development fees and property taxes on existing structures, as well as the ability to provide a direct grant to eligible companies. Grants and refunds range between $1,000 and $5,000 per new job created and are dependent on the number of new jobs generated, wage rate and investment. Fees are refunded over a five-year period. Note: This is a refund program; the amount refunded cannot exceed the amount of fees and taxes paid to Escambia County.
Mission: To enhance the quality of life within Escambia County’s Redevelopment Areas and Enterprise Zone by encouraging private sector reinvestment, promoting economic development and providing public sector enhancements.