SUBJECT
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SET HEARING to consider adoption of an ordinance granting an Economic Development Ad Valorem Tax Exemption for Project Puerto Rico 2.0, an expanding business. (Suggested hearing date is November 3, 2026 at 9:00 a.m.)
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DESCRIPTION
Polk County has received and processed an application for a qualified expansion of an existing business, referred to herein as Project Puerto Rico 2.0, requesting an economic development ad valorem tax exemption, pursuant to Ordinance 2022-069. Before such an exemption may be granted, the Board must adopt an exemption ordinance, and the applicant/business is required to enter into a performance agreement with the County. A public hearing is required to consider adoption of the exemption ordinance, at which time the Board will also be asked to approve and execute the performance agreement.
RECOMMENDATION
Request Board set a public hearing on November 3, 2026 at 9:00 a.m. for purposes of considering adoption of an ordinance granting an economic development ad valorem tax exemption to an expanding business and approving a performance agreement with the company.
FISCAL IMPACT
No fiscal impact.
CONTACT INFORMATION
Tabitha Alpers, Senior Management & Budget Analyst
Budget & Management Services
(863)534-6452
tabithaalpers@polkfl.gov