Subject:
Title
Approval of a Grant Agreement between Brevard County and the Economic Development Commission of Florida’s Space Coast, Inc.
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Fiscal Impact:
The requested action's fiscal impact in FY 2025-26 is $1,400,050. This funding level is unchanged from the FY 2024-25 Adopted Budget.
Dept/Office:
County Manager’s Office
Requested Action:
Recommendation
It is requested that the Board of County Commissioners approve a FY 2025-26 Grant Agreement between Brevard County and the Economic Development Commission of Florida’s Space Coast, Inc.
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Summary Explanation and Background:
The proposed Grant Agreement, effective October 1, 2025, provides that the Economic Development Commission of the Space Coast (EDC) use funds exclusively for the EDC’s efforts to retain and expand existing businesses in Brevard County and attract new businesses to the County.
The Grant Agreement enhances the EDC’s programs of work and strategic goals to improve the economic growth and stability of Brevard County. The Grant funds will focus on:
(1) Assistance to companies interested in investing in the County through relocation, retention, and/or expansion of their businesses in the County.
(2) Marketing the County and promoting its competitive advantages to targeted business industries through multiple outlets and trade missions.
(3) Creating and distributing materials and publications with relevant and timely economic and demographic data for use by the business community.
(4) Working with elected officials and community partners to develop a competitive business environment in the County.
(5) Identifying and providing resources designed to expand opportunities for existing businesses in the county.
Clerk to the Board Instructions: