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Orange County IDA reports project activity, adopts updated UTEP and wins state grants
Summary
Bill Fiaveranti, CEO of the Orange County Industrial Development Agency, briefed the committee on recent applications, adoption of a revised Uniform Tax Exemption Policy (UTEP) that emphasizes advanced manufacturing and workforce housing, and $1.5 million in grant awards for site readiness and brownfields assessment.
Bill Fiaveranti, chief executive officer of the Orange County Industrial Development Agency, updated the committee on recent IDA board actions, development applications and grant awards.
Fiaveranti said the IDA adopted a revised Uniform Tax Exemption Policy (UTEP). The updated UTEP gives priority to advanced manufacturing, semiconductor supply-chain projects, life sciences and to workforce housing projects that include affordability components — the IDA will consider a project eligible if at least 10% of units are at 60% AMI or 20% at 80% AMI, Fiaveranti said. He said the IDA held the required public hearing for the UTEP but received no public attendees or written comments; the state monitor…
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