§ 86-61. Findings.

(a)

It is a recognized function of local government to promote economic development within its jurisdiction by providing financial incentives that will encourage new businesses to relocate within its jurisdiction and existing businesses to expand, invest, or create jobs, thereby creating a more vibrant economy and employment opportunities that will benefit the entire community.

(b)

The recent and continuing economic climate has detrimentally impacted the quality of life for the county's citizens and the sustainability of local businesses in many ways.

(c)

The board desires to offer economic development incentives from an economic development fund to new businesses relocating to the county, to existing businesses already situated in the county that are expanding, to entities that perform speculative construction in the county, and to entities that provide investment or job creation in the agricultural industry, in order to foster economic growth and increased employment.

(d)

In order to ensure that applications for grants from the economic development fund are considered in a nonarbitrary and nondiscriminatory manner, it is necessary to establish guidelines that further the board's economic development policy to assist the board in making its determinations.

(e)

Applications for grants from the economic development fund shall be considered by the board in its legislative capacity on a case-by-case basis, after considering an application, any staff or consultant reports, the review criteria, and the feasibility of disbursement from the economic development fund.

(f)

No precedent shall be implied or inferred by the granting of funds from the economic development fund incentive grant to a new or existing business, a speculative construction business, or an agricultural operation or business.

(Ord. No. 2015-10 , §§ 1, 2, 11-3-2015)