development is alive and well in north port, florida
TRANSCRIPT
The perfect place to build your home, your business, your future.
LET’S GET GROWING
The perfect place to build your home, your business, your future.
LET’S GET GROWING
Ruth A. Buchanan, MBA, CEcDBusiness AdvocateCity Manager’s OfficeCity of North Port
[email protected](941) 429-7029https://www.linkedin.com/in/ruthbuchananfl
The perfect place to build your home, your business, your future.
LET’S GET GROWING
ECONOMICDEVELOPMENT
in North Port
LET’S GET GROWING
DEMOGRAPHICS
© Copyright City of North Port
2200 Murphy Court North Port, FLStrategically located between Tampa and Fort Myers on Florida’s gulf coast
Now the lead city of the metropolitan statistical area, MSA
One of the fastest growing cities of Southwest Florida
Population:2000 = 20,0002014 = 60,465
Labor force: 28,746
Job growth rate: 24.4% (1 year)
Median age: 40
Top industries:• Computer Design
and Programming• Corporate and
Regional Headquarters
• Plastics Product Manufacturing
• Wood Product Manufacturing
LET’S GET GROWING
INFRASTRUCTURE
The perfect place to build your home, your business, your future.
LET’S GET GROWING
Infrastructure1. Reverse Osmosis Plant2. Road Bond3. Sumter Boulevard4. Water Expansion Pilot 5. I-75 Interchanges
LET’S GET GROWING
1. Reverse Osmosis (RO) Plant
• Started November 2011• Completed April 5, 2013• Reliability Project• $9.5 M capacity fees
plus $1.4 M grants• 18,000 to 18,600+
connections
LET’S GET GROWING
LET’S GET GROWING
2. Road Bond• Largest road project• Nov 6, 2012 60%
voters approved• $46 M bond• 266 miles of road
rehabilitation• 200 miles maintenance• Over 3 years• “Coffee Cup Test”
Road Bond• Largest road project• Nov 6, 2012 60%
voters approved• $46 M bond• 266 miles of road
rehabilitation• 200 miles
maintenance• Over 3 years• “Coffee Cup Test”
LET’S GET GROWING
Road Bond• Largest road project• Nov 6, 2012 60%
voters approved• $46 M bond• 266 miles of road
rehabilitation• 200 miles
maintenance• Over 3 years• “Coffee Cup Test”
LET’S GET GROWING
The perfect place to build your home, your business, your future.
LET’S GET GROWING
LET’S GET GROWING
3. Sumter Boulevard• Widening/
evacuation• Price Blvd• $9.0 M from impact
fees plus surtax• Raised median,
lighting, landscaping, multi use pathway, trail signage
LET’S GET GROWING
LET’S GET GROWING
LET’S GET GROWING
4. Water Expansion Pilot
• Water Demand Analysis• Great response through
surveys approved• Commission approved
June 2014• Shortest payback period• Potential for connection• Voluntary
LET’S GET GROWING
Madagascar Area
LET’S GET GROWING
5. I‐75 Interchanges
• Sumter Blvd• Toledo Blade Blvd
• Water• Force Mains
• $150,000• 12‐18 months
Sumter / I75 Water &
Forcemains
© Copyright City of North Port
© Copyright City of North Port
Toledo Blade / I75 Water & Forcemains
LET’S GET GROWING
INCENTIVES
The perfect place to build your home, your business, your future.
LET’S GET GROWING
Incentives1. Impact Fee Moratorium2. EDAVTE - Ad Valorem3. Econ. Dev. Incentives4. SEED – Energy District
LET’S GET GROWING
1. Impact Fee Moratorium
• 2012 – 2015• 1‐year grace period• 100% on transportation• 50% on all others• County moratorium
LET’S GET GROWING
LET’S GET GROWING
LET’S GET GROWING
LET’S GET GROWING
2. EDAVTE
2. EDAVTE• Economic
Development Ad Valorem Tax Exemption
• Up to 100%• Up to 10 years• City and County• Manufacturing and
Non‐manufacturing
LET’S GET GROWING
3. Econ. Dev. Incentives• State and Sarasota County• $ 6.4 Million (County)• Jobs• Wages• Capital investment• Economic impact• Corporate responsibility
LET’S GET GROWING
LET’S GET GROWING
4. SEED District• Sustainable Energy Economic District• Energy Economic Zone – Pilot, 2 • Sarasota County and Miami Beach• Tax credit, tax exemption, training• Meet or exceed energy efficiency
standards
LET’S GET GROWING
LET’S GET GROWING
LET’S GET GROWING
PROGRAMS
The perfect place to build your home, your business, your future.
LET’S GET GROWING
Programs1. Technical Assistance2. Loan Fund3. Façade Improvement
Technical Assistance
1. Microenterprisea) Smaller than smallb) Start upc) Bedrock of the US
economya) Job creators
LET’S GET GROWING
LET’S GET GROWING
Technical Assistance
2. Small Businessa) Goodwill Enterpriseb) SCOREc) SBDC @ USF SMd) Lunch and Learne) Others
Loan Fund
3. Building Bridges for Entrepreneurs, BBEa) Manatee Community
Federal Credit Unionb) $5 Millionc) Referral Processd) Technical Assistance
LET’S GET GROWING
LET’S GET GROWING
US 41 Façade Improvement
a) Reduce deteriorated properties
b) Improve façade of US 41 businesses
c) Increase tax based) Increase economic
opportunitiese) Create attractive
streetscape
LET’S GET GROWING
LET’S GET GROWING
LET’S GET GROWING
DEVELOPMENTS
LET’S GET GROWING
12, 3
4
5 67
8
9
10
4. Warm Mineral Springs Wellness Center14 acres of a health and wellness activity center to include spas, recreation, retail, and hotel facilities; 270,000 SF projection.
LET’S GET GROWING
3. Mattamy HomesAlmost 10,000 acres of a mixed‐used, multi‐phased development with two‐thirds of the area in North Port, and one‐third located in Sarasota County. At $86.25 million ‐ one of the largest residential real estate transactions in 2014.
1. Gran ParadisoA higher end residential development in the West Villages being developed by Lennar. Currently approved for 1,999single family and multi family units on 1,068 acres.
5. The Springs at South Biscayne Senior housing project consisting of 130 assisted living facility units including 38 memory care units on 9 acres, behind South Biscayne Church
7. “Golden Mile”Lowes Outparcel (fast casual restaurant, specialty gas station, retail, hotel on 10 acres) Popeyes, Mattress Firm, Aldi’s Grocery, Cocoplum Plaza (17.56 acres), etc.
6. Valente at Sabal Trace300 housing units with an upgraded premier golf course on 207.6 acres
9. Suncoast Technical CollegeOn 30+ acres for a technical college with public library and meeting rooms
8. Suncoast PlazaMulti‐family development, 7 outparcels and 4 tracts on 39 acres at the southeast quadrant of Toledo and Price Boulevards
10. Heron Creek Town CenterCommercial subdivision on 42.78 acres at southeast quadrant of Price and Sumter Boulevards
2. Island WalkAn active retirement community laced with winding walkways and spruced with water features in North Port’s West Villages being developed by Pulte Homes. Currently approved for 2,399 single family and multi family on 1,062 acres.
LET’S GET GROWING
1. Gran ParadisoA higher end residential development in the West Villages being developed by Lennar. Currently approved for 1,999 single family and multi family units on 1,068 acres.
LET’S GET GROWING2. Island WalkAn active retirement community laced with winding walkways and spruced with water features in North Port’s West Villages being developed by Pulte Homes. Currently approved for 2,399 single family and multi family on 1,062 acres.
LET’S GET GROWING
3. Mattamy Homes (Thomas Ranch)Almost 10,000 acres of a mixed‐used, multi‐phased development with two‐thirds of the area in North Port, and one‐third located in Sarasota County. At $86.25 million ‐ one of the largest residential real estate transactions in 2014.
4. Warm Mineral Springs Wellness Center14 acres of a health and wellness activity center to include spas, recreation, retail, and hotel facilities; 270,000 SF projection.
LET’S GET GROWING
LET’S GET GROWING
5. The Springs at South Biscayne Senior housing project consisting of 130 assisted living facility units including 38 memory care units on 9 acres, behind South Biscayne Church
LET’S GET GROWING
6. Valente at Sabal Trace300 housing units with an upgraded premier golf course on 207.6 acres
LET’S GET GROWING
7. “Golden Mile”Lowes Outparcel (fast casual restaurant, specialty gas station, retail, hotel on 10 acres) Popeyes, Mattress Firm, Aldi’s Grocery, Cocoplum Plaza (17.56 acres), etc.
4. Warm Mineral Springs Wellness Center14 acres of a health and wellness activity center to include spas, recreation, retail, and hotel facilities; 270,000 SF projection.
LET’S GET GROWING
3. Mattamy HomesAlmost 10,000 acres of a mixed‐used, multi‐phased development with two‐thirds of the area in North Port, and one‐third located in Sarasota County. At $86.25 million ‐ one of the largest residential real estate transactions in 2014.
1. Gran ParadisoA higher end residential development in the West Villages being developed by Lennar. Currently approved for 1,999single family and multi family units on 1,068 acres.
5. The Springs at South Biscayne Senior housing project consisting of 130 assisted living facility units including 38 memory care units on 9 acres, behind South Biscayne Church
7. “Golden Mile”Lowes Outparcel (fast casual restaurant, specialty gas station, retail, hotel on 10 acres) Popeyes, Mattress Firm, Aldi’s Grocery, Cocoplum Plaza (17.56 acres), etc.
6. Valente at Sabal Trace300 housing units with an upgraded premier golf course on 207.6 acres
9. Suncoast Technical CollegeOn 30+ acres for a technical college with public library and meeting rooms
8. Suncoast PlazaMulti‐family development, 7 outparcels and 4 tracts on 39 acres at the southeast quadrant of Toledo and Price Boulevards
10. Heron Creek Town CenterCommercial subdivision on 42.78 acres at southeast quadrant of Price and Sumter Boulevards
2. Island WalkAn active retirement community laced with winding walkways and spruced with water features in North Port’s West Villages being developed by Pulte Homes. Currently approved for 2,399 single family and multi family on 1,062 acres.
LET’S GET GROWING
12, 3
4
5 67
8
9
10
LET’S GET GROWING
DISCUSSION
The perfect place to build your home, your business, your future.
LET’S GET GROWING
Ruth A. Buchanan, MBA, CEcDBusiness AdvocateCity Manager’s OfficeCity of North Port
[email protected](941) 429-7029https://www.linkedin.com/in/ruthbuchananfl
THANK YOU!
Now’s the time to be in North Port.
LET’S GET GROWING