a. Incentives Discussion

Economic Development Advisory Board Regular Meeting - Canceled · 2026-05-12 · agenda_item

The City of Winter Park's Economic Development Advisory Board is discussing potential incentive programs for businesses. These programs are divided into "Large Scale" and "Small Scale" categories. Large Scale incentives may involve capital investments, job creation based on area median income, minimum development costs, site size, total dollar amounts, right-of-way improvements, impact fee reductions, permit waivers, planning policies, and open space. Small Scale incentives are similar to current programs and include a new grant for converting septic systems to sewer for smaller projects. These incentives are primarily aimed at the W. Fairbanks area, where requirements might be lessened. This item is currently under review, meaning discussions and potential program structures are being considered. The work generated by these incentives could involve site preparation, utility connections, construction, and landscaping, depending on the specific projects that utilize them. Contractors, suppliers, and service providers interested in future work related to development in the W. Fairbanks area should monitor this discussion, as early awareness can provide an advantage before specific projects are finalized and bids are released.