Miami-Dade Legislative Item
File Number: 162493
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File Number: 162493 File Type: Resolution Status: Adopted
Version: 0 Reference: R-1175-16 Control: County Commission
File Name: QUALIFIED TARGET INDUSTRY HIRE 20 PERCENT LOCAL EMPLOYEES Introduced: 10/28/2016
Requester: NONE Cost: Final Action: 12/6/2016
Agenda Date: 12/6/2016 Agenda Item Number: 11A6
Notes: Title: RESOLUTION SETTING POLICY FOR MIAMI-DADE COUNTY REQUIRING QUALIFIED TARGET INDUSTRY BUSINESSES TO FILL NOT LESS THAN 20 PERCENT OF THE JOBS CREATED ON A PROJECT WITH RESIDENTS OF MIAMI-DADE COUNTY AS A CONDITION OF THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS ADOPTING A RESOLUTION RECOMMENDING THAT THE PROJECT BE APPROVED AS A QUALIFIED TARGET INDUSTRY BUSINESS
Indexes: EMPLOYEES
  QUALIFIED TARGET INDUSTRY
  POLICY
Sponsors: Jose "Pepe" Diaz, Prime Sponsor
  Daniella Levine Cava, Co-Sponsor
  Audrey M. Edmonson, Co-Sponsor
  Barbara J. Jordan, Co-Sponsor
  Dennis C. Moss, Co-Sponsor
  Rebeca Sosa, Co-Sponsor
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Board of County Commissioners 12/6/2016 11A6 Adopted P

Economic Prosperity Committee 11/10/2016 2E Forwarded to BCC with a favorable recommendation P
REPORT: Commissioner Edmonson requested to be listed as a co-sponsor on the foregoing proposed resolution. (See notes under Agenda Item 2A; Legislative File No. 162466)

County Attorney 10/28/2016 Referred Economic Prosperity Committee 11/10/2016

County Attorney 10/28/2016 Assigned Shannon D. Summerset 10/31/2016

Legislative Text


TITLE
RESOLUTION SETTING POLICY FOR MIAMI-DADE COUNTY REQUIRING QUALIFIED TARGET INDUSTRY BUSINESSES TO FILL NOT LESS THAN 20 PERCENT OF THE JOBS CREATED ON A PROJECT WITH RESIDENTS OF MIAMI-DADE COUNTY AS A CONDITION OF THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS ADOPTING A RESOLUTION RECOMMENDING THAT THE PROJECT BE APPROVED AS A QUALIFIED TARGET INDUSTRY BUSINESS

BODY
WHEREAS, this Board finds that attracting, retaining and providing favorable conditions for the growth of target industries provides high quality employment opportunities for residents of this county and enhances the county's economic foundations; and
WHEREAS, the Florida Legislature has pronounced similar objectives with respect to attracting and retaining certain target industries, and has codified these objectives in section 288.106(1), Florida Statutes (the “Act”); and
WHEREAS, the policy of the State is to encourage the growth of a high-value-added employment and economic base by providing tax refunds to qualified target industry businesses that create new high-wage employment opportunities by expanding existing businesses within the State or by bringing new businesses to the State; and
WHEREAS, the Florida Legislature, in support of the policy set forth in the Act, has enacted legislation creating the Qualified Target Industry Tax Refund Program ("QTI Program"), which permits tax refunds to qualified target industry businesses in accordance with the Act; and
WHEREAS, the refunds permitted under the QTI Program include the following taxes due and paid by the qualified target industry business: corporate income taxes under Chapter 220, Florida Statutes, intangible personal property taxes under Chapter 199, Florida Statutes, excise taxes under Chapter 221, Florida Statutes, excise taxes on documents under Chapter 201, Florida Statutes and ad valorem taxes paid, as defined in section 220.03(l), Florida Statutes; and
WHEREAS, the State requires an applicant requesting certification as a qualified target industry business to include with its application, among other things, a resolution adopted by the board of county commissioners of the county in which the project will be located that recommends that the target industry business be approved as a qualified target industry business and that the commitments of local financial support necessary for the target industry business exist; and
WHEREAS, such board of county commissioners may condition its support and recommendation; and
WHEREAS, the State also requires funding from local sources, public or private, (“Local Financial Support”) to be paid to the Economic Development Trust Fund equal to 20 percent of the annual tax refund for a qualified target industry business; and
WHEREAS, in each application of a business seeking to be certified as a qualified target industry business, this Board has provided the Local Financial Support from Miami-Dade County’s General Fund revenue; and
WHEREAS, although Miami-Dade County has provided the Local Financial Support, there has been no guarantee or requirement that the businesses would hire or employ any residents of Miami-Dade County; and
WHEREAS, it is in the best interest of Miami-Dade County and its residents to ensure that residents of Miami-Dade County have the opportunity to be employed in the high wage jobs created by qualified target industry businesses, especially when Miami-Dade County funds are being used to finance 20 percent of the tax refunds to those businesses through the Local Financial Support,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that:
Section 1. The matters contained in the foregoing recitals are incorporated in this resolution by reference.
Section 2. This Board sets as its policy a requirement that Qualified Target Industry businesses fill not less than 20 percent of the jobs created on a project with residents of Miami-Dade County as a condition of this Board adopting a resolution recommending that the project be approved as a qualified target industry business.



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