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Commissioners extend EDC agreement 120 days to finalize private investment language and continue matching funds
Summary
The board approved a short extension of the county’s economic development contract with the EDC to allow staff to refine definitions of private investor contributions that qualify for county matching and affirmed continued matching up to the current cap while asking for category caps and clearer documentation.
Sarasota County commissioners approved a first amendment June 4 extending the FY25 implementation agreement with the Economic Development Corporation of Sarasota County (EDC) for up to 120 days to finalize contract language and definitions surrounding private investor contributions that the county will match.
Rob Lewis (government…
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