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County grants 10-year ad valorem tax exemption to TalkingParents expansion
Summary
Okaloosa County approved an economic development ad valorem tax exemption for TalkingParents (TalkingParents/Bit Wizards) for a proposed new 50,869-square-foot office and $15 million facility at Freedom Tech Center; the company pledged 30 new jobs by 2028 with an average salary above the county threshold and the exemption is performance-based.
Okaloosa County commissioners on July 1 adopted an ordinance granting a performance-based ad valorem tax exemption for TalkingParents to support an expansion at Freedom Tech Center in Fort Walton Beach.
Project details: Planning staff and Nathan Sparks of the Okaloosa Economic Development Council said TalkingParents would enter a build-to-suit leaseback for a 50,869-square-foot Class A office building and related equipment purchases estimated at $1 million. The total proposed capital…
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