C. SLC Economic Incentive Program Draft Revisions

Board of County Commissioners Regular Meeting · 2026-05-05 · agenda_item

St. Lucie County is reviewing its Economic Incentive Programs for targeted industries. The proposed revisions aim to improve transparency, consistency, and accountability by creating a unified system with a standardized scoring matrix. This new framework will tie incentives directly to measurable economic outcomes, such as job creation, wages, and capital investment, with a minimum performance threshold of 70% required for eligibility. The revisions also introduce clear timelines for project commencement and stronger compliance and repayment provisions. This review is currently under discussion, with staff expected to formalize a plan based on board feedback for future finalization. Local contractors, suppliers, and service providers are encouraged to engage early as these program revisions could influence future development projects and the types of businesses seeking incentives, potentially leading to work in site preparation, construction, and related services.