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Vote 'Yes' on EDATE in November
EDATE, short for Economic Development Ad valorem Tax Exemption, is an economic development tool that Okaloosa County has utilized since 1981 to assist existing businesses with expansion and to attract new, higher paying jobs to our community.
EDATE was created by the Florida Legislature for use by local governments, provided that voters reauthorize the program every 10 years through local referendum. The current program sunsetted on Aug. 26, but thanks to the Okaloosa County Board of County Commissioners, we’ll have the opportunity to renew EDATE for another 10 years on the Nov. 5 ballot.
According to the University of West Florida Haas Center, EDATE has helped facilitate 317 direct and indirect jobs resulting in an additional $19.1 million in local payroll during the past 10 years, while providing a 663% return on investment to Okaloosa County. Learn more at www.jobsforokaloosa.com.
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