DEPARTMENT MAKING REQUEST
Economic Development
Title
title
Project Romeo
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REQUESTED MOTION/ACTION
recommendation
Recommended Action:
Adopt Resolution and Approve Program Agreement authorizing $42,500 Economic Development Incentive to attract DARZAC Modular, Inc. as inducement to bring new jobs and capital investment to Charlotte County for their new manufacturing facility.
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budget
Budgeted Action:
No action needed. Budgeted in the General Fund as approved in the FY2021 budget. Funding for this expenditure comes from Ad Valorem Taxes. In June 2011, the BCC approved the creation of a dedicated funding source for future Economic Incentives.
As of 9/10/2020, the total available budget after reserves is $1,421,175.
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BACKGROUND (Why is this Action Necessary, and What Action will be accomplished)
body
Background:
Enter text here
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