A week after St. Petersburg City Councilmembers announced their desire to reinstate tax exemptions for companies to remain regionally competitive, Pinellas County Commissioners discussed the effectiveness of their program.
During Thursday’s work session, Cynthia Johnson, economic development manager, relayed that since its adoption in December 2014, 13 projects and 11 companies have utilized the ad valorem tax exemption (AVTE) program. Six have active projects, one has entered the tax abatement phase and seven businesses failed to make it through the application stage.
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