Gratitude and Gains: Martin County Celebrates a Season of Giving and Economic Momentum
In this season of generosity, we’re still feeling grateful here at the BDB. We’re particularly thankful for the Martin County Commission’s recent approval of the Economic Toolkit. As these tools are put to work on behalf of our economy, we believe everyone will appreciate the results.
Designed for existing and expanding Martin County businesses, the toolkit enables qualified employers in targeted industries (such as advanced manufacturing) to seek specific tax relief in exchange for high levels of investment and high-wage job creation. The toolkit also encompasses expedited permitting, training and workforce grants and select reimbursements for qualified, impactful projects that expand the taxbase and support infrastructure improvements.
In addition to support from local business leaders and organizations, the toolkit earned the endorsement of the Martin County Taxpayers Association, which wrote: “If we are going to have a dynamic and resilience economy, we must have the right tools to attract businesses. The Taxpayers Association believes the toolkit goes a long way in doing just that. It goes a long way to promote a diversified and sustainable environment.”
We couldn’t agree more. A big “thank you” to the county commissioners, Taxpayers Association, Economic Council, Stuart Martin County Chamber and everyone who took the time to speak publicly or send emails supporting the Economic Development Toolkit.
Expanding business
We’re excited to announce that Power System Manufacturing is celebrating its ribbon cutting in Stuart in a private ceremony later this month. Originally founded in Martin County before moving out of the county, the company that specializes in manufacturing and servicing gas turbines for the aerospace industry is returning and will create 180,000 square feet of space and more than 100 high-wage jobs.
Spirit of giving
Our monthly newsletter, Martinomics, publishes tomorrow and we hope you’ll sign up for it. Our lead story is inspired by the spirit of the season. We speak with the leaders of local nonprofits about the generosity of the business community and how its countless contributions of time, treasure and talent are making a major difference in the lives of local children and families in need.
While this is not the type of indicator that might show up in traditional economic metrics, it certainly speaks to a strong—and best of all, kind—economy. That’s something we can all be grateful for and proud of.
Hoping everyone enjoys a very Happy Holiday season!
Learn more about how the Business Development Board of Martin County supports local businesses at www.BDBMC.org
