HomeMy WebLinkAbout17-267RESOLUTION NUMBER 17-267
A RESOLUTION BY THE BOARD OF COUNTY
COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA,
RECOMMENDING CITY ELECTRIC SUPPLY COMPANY BE
APPROVED AS A QUALIFIED TARGET INDUSTRY
BUSINESS PURSUANT TO SECTION 288.106, FLORIDA
STATUTES; AFFIRMING THIS IS A MANUFACTURING
PROJECT; REQUESTING A WAIVER OF THE AVERAGE
WAGE REQUIREMENT OF SECTION 288.106(4)(b)1.a,
FLORIDA STATUTES; PROVIDING FOR LOCAL FINANCIAL
SUPPORT IN THE FORM OF CASH; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, City Electric Supply Company is an electrical manufacturing business located
in St. Lucie County with over thirty (30) years in the industry and an employment base of 222
employees, and
WHEREAS, City Electric Supply Company is seeking to expand operations with a new
facility -at Tradition Commerce Park in Port St. Lucie. This facility will encompass 400,000 square
feet of space and employ an additional 50 new employees at an average wage of at least
$36,129.00. The company's expansion will increase its existing contributions to the community
with additional direct and indirect effects to our small businesses; additional ad valorem taxes to
the County; and job creation for County residents; and,
WHEREAS, City Electric Supply Company plans to expand operations with a new facility,
retaining 222 employees and the creation of 50 new jobs in St. Lucie County; and,
WHEREAS, City Electric Supply Company has been identified as a Target Industry
Business; and,
WHEREAS, City Electric Supply Company intends to locate in a facility at Tradition
Commerce Park in Port St. Lucie; and,
WHEREAS, as a manufacturing project, City Electric Supply Company is eligible to
receive a waiver of the average wage requirement as authorized by Section 288.106(4)(b)1.b,
Florida Statutes; and,
WHEREAS, City Electric Supply Company will commit to pay an average annual wage of
at least
$36,129.00 which is 100% of the St. Lucie County average wage; and,
WHEREAS, City Electric Supply Company hereby acknowledges that local financial
support of 20% of the total tax refund is required under the provisions of Section. 288.106, Florida
Statutes, governing the State's Qualified Target Industry Tax Refund Program.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of St.
Lucie County, Florida, as follows:
A. The Board hereby recommends City Electric Supply Company be approved as a Qualified
Target Industry Business pursuant to Section 288.106, Florida Statutes.
B. The Board hereby recommends City Electric Supply Company be approved as a Qualified
Target Industry Business pursuant to Section 288.106, Florida Statutes. The Board
requests a waiver of the average wage requirement of Section 288.106(4)(b)1.a, Florida
Statutes, because the manufacturing industry is a major economic driver in the Treasure
Coast region. The economic significance of manufacturing in the Pork St. Lucie MSA is
over 6,200 private sector jobs and over 350 firms. The Port St. Lucie MSA currently has
an unemployment rate of 4.0%with a high percentage of entry level talent for this industry.
The waiver will allow the company to move forward with the hiring of 50 new employees
and provide customized and proprietary training.
C. A cash commitment of local financial support for the Qualified Target Industry Tax Refund
Program exists for City Electric Supply Company in the amount of $50,000.00. This
amount will be made available in accordance with the guidelines set forth by the
Department of Economic Opportunity with the stipulation that these funds are intended to
represent local financial support pursuant to Section 288.106, Florida Statutes.
D. This resolution shall take effect immediately upon its adoption.
After motion and second, the vote on the resolution was asfollows:
Chair Frannie Hutchinson
AYE
Vice Chairman Tod Mowery
ABSENT
Commissioner Chris Dzadovsky
AYE
Commissioner Linda Bartz
AYE
Commissioner Cathy Townsend
AYE
PASSED DULY ADOPTED on this 5th day of December, 2017.
ATTEST: BOARD OF COUNTY COM
MUIISSIONERS
ST..L,IE COUNTY, FIL IDA
Deputyldfk Chair C�
2
APPROVEA,AS TO FORM AND
CORRECTNESS /1)
County Atto