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North‑end economic development zone outlines incentives, land sales and grant pipeline
Summary
The county’s special economic development district (Embeds) told commissioners it uses tax increment financing for targeted grants to attract private investment in the north county and that its committed grants total about $13.4 million with $7.6 million remaining disbursements if projects meet performance milestones.
The Economic Development Zone (Embeds), a dependent special district serving north Brevard County and parts of Merritt Island, briefed commissioners on its program of performance‑based grants, tax‑increment financing revenues and property management for the Spaceport Commerce Park.
Embeds explained it receives TIF revenue from increases in commercial and industrial property values inside its boundaries and uses those proceeds for performance grants, redevelopment and…
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