9. Ordinance No. 2026-17, Economic Development Tax Exemption Program:

City Council Meeting · 2026-04-28 · agenda_item

The City of Melbourne is considering updates to its Economic Development Tax Exemption Program. This involves amending Chapter 54 of the City Code to revise how 'new business' and 'expansion of a new business' are defined. This item has passed its first reading and is currently under review for its second reading and public hearing. While no specific construction project is detailed, the program's updates could influence future business development within the city. Local contractors, suppliers, and service providers should monitor this program's progress as it may impact eligibility for tax exemptions on future economic development projects. Engaging with city economic development staff early could provide insights into potential opportunities.