I. DEFINITIONS

Community Redevelopment Board · 2026-06-02 · agenda_item

The City of Panama City Community Redevelopment Agency is reviewing applications for its Tax Increment Rebate Program. This program supports private sector development within designated Community Redevelopment Districts. Applicants propose projects and, if approved, may receive rebates on certain taxes paid. The program involves agreements between the City and the applicant, outlining obligations for both parties. The review process is currently in its early stages, with applications being considered for participation. If approved, projects could involve site preparation, construction, equipping, and furnishing. This presents an opportunity for local contractors, suppliers, and service providers to engage with developers early in the planning process. Reaching out before site plans, bids, and permits are finalized could offer a competitive advantage.