Port St. Lucie Council endorses Costco's Phase 2 investment and job creation plan

The City of Port St. Lucie City Council convened on April 14, 2025, to discuss several key agenda items, with a significant focus on economic development and partnerships with local businesses.

The meeting began with expressions of gratitude towards the community and county partners for their collaboration on an incentive package aimed at fostering local economic growth. Council members acknowledged the importance of this partnership, particularly in relation to Costco's ongoing investment in the region.

A notable discussion centered around Costco's Phase 2 development, which is set to create 115 jobs with wages above the community average. Council members expressed their enthusiasm for this project, highlighting its potential positive impact on the local economy. One council member emphasized the importance of maintaining negotiating power for future projects, especially if they exceed initial expectations.

Greg Capone, representing Costco, thanked the council for their support and expressed eagerness to continue the partnership. The council staff recommended approval of the proposed incentive package, which aims to facilitate Costco's expansion and enhance job opportunities in Port St. Lucie.

As the meeting progressed, council members unanimously supported the motion to approve the incentive package, marking a significant step towards strengthening the local economy through strategic partnerships with businesses like Costco. The council's commitment to fostering economic development was evident throughout the discussions, setting a positive tone for future collaborations.