MAYOR-ELECT BROWN– RECOMMENDATION FORM1.
2. Presented to Mayor Brown on August 8, 2011
Improve the current incentives and create new incentives to make Jacksonville morecompetitive
4. Brief Description (describe the recommendation, issues it will address and why itdeserves implementation – e.g. program activity; need addressed; who and how many served; number of jobs created or sustained; other organizations’ roles or partnerships; measurable outcomes to be achieved; benefits to community:
In order to address the ever-changing needs of businesses, the city’s investment policy should be re-evaluated to determine if there are changes that can be made to make Jacksonville even more competitive. The Public Investment Policy should be a tool toincentivize business growth that is appealing to policy makers. The following are among themost critical changes that should be considered.
Develop more creative public-private partnership structures with companieslooking to invest large amounts of capital in new facilities.
Create a local closing fund to help the city win more projects.
Create an incentive for companies that are increasing their importing or exporting through JAXPORT
Create more aggressive incentives for targeted industries to locate downtown.
Eliminate self-imposed restrictions on using state Enterprise Zone and Brownfieldincentives in downtown.
Create incentives for retailers to locate downtown.8/5/2011 11:40:58 AM