A Great Place for a Business

A game of tennis or eighteen holes of golf; dinner and a glorious sunset served up at a restaurant overlooking the Gulf; a stroll among the shopping centers - this is home to the 87,000 residents of the Greater Venice Area and the place where they do business.

This paradise on the Gulf supports a diverse, broad based economy, which includes a variety of hospitality, health care, and other services, as well as light manufacturing. Home to an increasing number of clean, responsible industries, the Venice area is a strong contributor to the economic growth of Sarasota County where competitive tax and utility rates have encouraged the opening of several new business parks.

Sarasota County government is active in fostering the growth of business. In 1993, the county implemented a wide-range economic development plan for growth in the years ahead. One far reaching goal of the plan is to "foster the development of infrastructure needed to support business and industry growth, including education, investment incentives, public works projects, and environmental conservation to encourage the establishment of public/ private economic development partnerships."

The city of Venice is also a pro-active force in the business community. Its new Economic Development Council has under taken a comprehensive strategic plan for economic development that dove tails with the county plan. The community-wide 20/ 20 Visions of Venice Task Force is hard at work on plans for 1995 and 1996 that will focus on the renovation and use of the Historic Train Station and a linear park along the Intracoastal Waterway.

One of the few cities in the United States initially designed according to a comprehensive plan, Venice's historic downtown has been designated a Florida Main Street City. Venice Avenue, with its artistic landscaping, stately palms, silver trumpet trees, pines, and flowers, is at the heart of a revitalized downtown commercial district.

The Venice Area Chamber of Commerce and its Economic Development Committee are an important source of support and guidance in doing business in the area. Throughout the area are several industrial parks. Prime industrial land is available in a business climate that encourages well-planned employment centers.

Business Incentives

-No personal income tax

-No state-level ad valorem taxes

-No state inheritance tax

-No stable inventory tax

-Corporations pay a modest 5.54% state income tax

-$25,000 homestead tax exemption

-Retail sales tax - 7% (with food, medicine, and professional services exempt)

Financial & Other Incentives

-Financial assistance available for road construction

-State toll-free business assistance phone number:800-342-0771

-Right to work state

-4th fastest growing county in the state

-State of the art telecommunications

-Sarasota County Technical Institute

-University of South Florida

-University of Sarasota

-Ringling School of Art & Design

-Manatee Community College - South Campus

-Sarasota/Bradenton International Airport

Commitment to Business

The Greater Venice Area is a place where business wants to be and where business is welcomed. An active new public\private partnership, which provides information and assistance to interested companies, makes it easier than ever to establish or relocate a business in the county.

Sarasota County is an ideal home for businesses of all types.

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