FY 2025 BUDGET BOOK - Flipbook - Page 47
➢
In collaboration with the Economic Development Administration, the City conducted a
feasibility study to assess the entrepreneurial landscape of Lake County. The report provides
ten recommendations that are being implemented.
➢ The UCF/Eustis Business Incubator opened in August of 2023 to provide programs and
services to startup and scalable businesses. It is housed in the MEGA Workspace building,
which offers low-cost office space and business amenities, e.g. conference room availability.
➢ Ensure that regulations and processes are business-friendly by analyzing and evaluating the
potential impact on new and existing businesses of existing and proposed regulations,
requirements, and ordinances.
➢ Revisions to the City’s Comprehensive Plan completed in FY 2023/24.
➢ Revisions to the City’s Land Development regulations completed in FY 2023/24.
➢ Improvements of business tax receipt process implemented.
➢ Streamlined the Business Tax Receipt (BTR) renewal payments by moving them to the Water
Customer Service Department.
➢ Streamline development review and business-friendly process.
➢ Development Services brought revisions to the City Commission to upgrade the Land
Development Regulations (LDR’s). This effort is focused on streamlining the approval process
(which will save the developers time and money).
➢ Development Services Department is reviewing and considering streamlining the Eustis
development review/permit process.
➢ Continue to develop and refine the Annexation Incentive Program – waives annexation fees.
2. Ensure that Eustis is known as a business and industry-friendly environment where
companies choose to locate.
➢ CRA Plan focuses on creating an environment of supporting private investment.
➢ CRA Developer Agreements:
•
Lake Investment Ventures
•
North Central Place, LLC
•
Hometown Properties Inc
•
1701 East Orange Avenue, LLC
➢ Business retention program – Approximately 45 visits from business senior managers to
discuss Eustis’ business environment as it relates to company success.
➢ Development Incentives – Continue to evaluate existing incentives and review industry Best
Practice models.
➢ Use of City-owned property for economic activity:
•
City gym / El Marie
•
Development of CR 44 property
•
Continually promote Gateway Corridor Grant Program
•
Entered Professional Services Agreement with MIG to develop a Downtown Master Plan
•
Develop a Boat Tour Operator Franchise agreement for Lake Eustis
45
