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Business Impact Fee Mitigation Program

Business Impact Fee Mitigation Program

The City of Lake Wales Business Impact Fee Mitigation Program uses innovative land development regulations and incentives to attract sustainable businesses to complement the City’s comprehensive plan.

Applicable to City impact fees.

Program A Qualified Target Industry-High-wage Job Creation

Preapproved applicants who build a new facility, or expand a current facility and create qualified target sector industry high-wage jobs in the City of Lake Wales may receive, up to a 50% to 90% reduction of applicable impact fees.

Recommended Target Sector Businesses

- Advanced Manufacturing

- Logistics, Supply Chain & Distribution

- Research & Technology

- Agribusiness & Agritechnology

* For eligible projects, 50% of the approved mitigation amount will be deducted from the amount due at the time the building permit is issued. The job creation requirements must be met within five (5) years of Certificate of Occupancy in order to qualify for the remaining 50% of the approved mitigation amount.

Program B Qualified Target Industry-High-wage Job Creation

Preapproved applicants who construct new commercial building inventory (spec building) of at least 20,000 square feet, to accommodate land development regulations permitted industrial uses, are eligible for a reduction of applicable impact fees. Mitigation may only be applied to a maximum of 400,000 square feet; square footage beyond that is subject to applicable impact fees.

Applicable to City impact fees.

Mitigation may only be applied to a maximum of 400,000 square feet; square footage beyond that is subject to applicable impact fees.

Recommended Types of Inventory Development

- Commercial Inventory Space

- Manufacturing

- Assembly & Fabrication

- Warehouse Distribution

- Research Technology

- Cultural Facilities

Download Brochure: Business Impact Fee Mitigation Program