Competitive Sites and Redevelopment Programs FGCAR Luncheon July 21, 2016 Eric Lindstrom, Competitive Sites Manager Hillsborough County

Economic Development Strategic Environment Protect competitive sites for future job creation Redevelop declining commercial and industrial areas Structure mobility fee to incentivize economic objectives Improve regulatory impediments Link infrastructure spending to private capital investment Provide certainty for development industry

Competitive Sites Overview Established nexus between Future Land Use, Transportation and Economic Development Established nexus between competitive sites, workforce and targeted industry Analyzed and inventoried sites to determine countywide (including municipalities) potential office and industrial development Developed GIS database of Competitive Sites that can drive job creation and private investment in the County Developed incentives to induce property owners to hold for office/industrial development Next Step is to market Competitive Sites through EDC and private real estate community

Competitive Sites Selection Criteria Location of Site (inside Urban Service boundary) Size of Site (12 developable acres or >) Office/Industrial Entitlements 100,000 sf and > Manageable Transportation Capacity Manageable Utility Capacity Manageable Environmental Constraints

Competitive Sites Incentives Property Owner Incentives for Maintaining Financial Mobility Fee Buydown Incentive Program Regulatory Expedited Permitting Predictable and timely permitting process EPC/EDD MOU Early EPC wetlands survey and delineation assistance and prioritization of project

Redevelopment Overview Focus on the distressed areas of our commercial office/ industrial / manufacturing buildings and built environment in need of restoration or revitalization Defined program strategy that will engage private capital and stabilize/grow tax base Collaborative synergy with transportation improvements and other infrastructure Emphasized BOCC message that we are committed to addressing formerly developed areas that are in need of reinvestment

Redevelopment Pilot Area Selection Criteria Defined as any census block group that meets HUD’s low to moderate income criteria and is located inside the Urban Service Area boundary Focused on office and industrial job creation redevelopment opportunities (not retail/not residential) Focused on sites in which the land values are at least 50% of the total just value or greater Primarily requires a private sector partner to engage in the redevelopment activity (not solely a public sector effort)

Redevelopment Incentives Permitting Assistance Expedited Site Development Construction Plan Review Program Not to exceed 10 working days Permit / Impact Fee Waiver Program 50% of total fees up to $50,000 Mobility Fee Offset Incentive Program 75% of fees assessed; 100% if targeted industry

Redevelopment Incentives Office/Industrial Building Site Assistance Demolition of Distressed Structures Program 50% of total costs up to $100,000 Infrastructure Assistance Program 50% of construction costs up to $100,000 (Brownfield) Contaminated Site Remediation Up to $15,000 for Phase II site Assessment 50% of total RAP and clean-up costs up to $50,000

Redevelopment Incentives Office/Industrial Building Site Assistance Exterior Improvement Program 50% of total costs up to $100,000 Interior Improvement Program 50% of total costs up to $80,000

Redevelopment Incentives Corporate Industry Attraction and Retention Catalyst Project Incentive Program 10% of total costs up to $500,000 New Construction Renovation / Addition

Redevelopment Incentives Small Business Development and Expansion Small Business Facade Program 50% of total costs and fees up to $50,000

Marketing Efforts Leveraging Partners EDD is working with the Tampa Hillsborough EDC to inventory and market sites through national, regional and local entities such as Florida Office of Economic Opportunity, Enterprise Florida, NAIOP, FGCAR, etc. Dissemination of information will be through web-based map platform which link the visitor to the GIS section where they can search for competitive sites Develop and distribute a Competitive Sites overview piece that can be used in conversations with site selectors, prospects and other key decision makers Incorporate Competitive Sites briefs, stories, blurbs, etc. into normal e-news, informational updates, on the website, etc.

Real Estate Industry Input and Assistance Identification of new sites that meet the criteria Additional information on and development readiness of already identified sites Usability of incentive programs and impact on decision making