7. The Board of County Commissioners desires to rescind Resolution No. 03-258 and adopt updated

Board of County Commissioners- Informal Meeting · 2026-04-14 · agenda_item

The Board of County Commissioners of St. Lucie County is reviewing updated guidelines for the Economic Development Ad Valorem Tax Exemption Program. This program aims to encourage job creation and capital investment. The proposed changes will rescind Resolution No. 03-258 and adopt new guidelines consistent with current policies and legal standards. These updated guidelines will apply to all future applications for Ad Valorem Tax Exemptions considered by the Board. The review process is currently under consideration, meaning businesses seeking economic incentives can engage early. This process could lead to future construction and development projects that require various contractors, suppliers, and service providers. Engaging now allows businesses to understand the program's requirements and potentially align their services before formal bids and permits are issued.