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Business Development Board asks county for modest budget boost as manufacturers, employers testify to economic benefits
Summary
The Business Development Board presented its 2024 annual report and asked the county for a modest 4% increase in operating support to fund new programming, while local manufacturers and employers described planned investments and job growth tied to BDB assistance.
The Business Development Board of Martin County (BDB) presented its 2024 annual report and audited financials to the Board of County Commissioners on April 22 and asked the county to consider a modest increase in operating support to add programming focused on small-business lending and cybersecurity help for manufacturers.
BDB request and rationale: William Corbin, the BDB’s executive director, asked the county to raise its contribution by about 4% from $465,000 to $485,000 for fiscal year 2026 and to allow the board’s operating budget to include roughly $61,000 in new programming. Corbin said the new funds would support an Access-to-Capital initiative and entrepreneur-education programs and help smaller manufacturers comply with new cybersecurity requirements that can be costly for firms serving defense supply chains.
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