By “Doc” Doug Stauffer
As the November 5 general election approaches, voters in Okaloosa County are presented with a unique opportunity to strengthen the local economy through the renewal of the Economic Development Ad Valorem Tax Exemption (EDATE) program. This initiative, initially adopted in 1981 and requiring reauthorization every 10 years, plays a pivotal role in attracting new businesses to the area and supporting the expansion of existing ones. By offering temporary property tax exemptions, EDATE incentivizes companies to create higher-paying jobs, invest in facility improvements, and contribute to the overall growth of our community.
A “Yes” vote on the referendum is not just a vote for jobs; it’s a vote for a more prosperous future for Okaloosa County. Renewing the EDATE program is essential for our county’s economic health.
The Proven Success of EDATE
Since its inception, the EDATE program has delivered significant returns to Okaloosa County. Between 2014 and 2024 alone, the program facilitated the creation of 317 jobs and contributed $19.1 million in local payroll. The University of West Florida Haas Center’s report on the program revealed that EDATE produced a remarkable 663% return on investment for the county. This means that for every dollar exempted in taxes, the county gained over SIX dollars in economic benefit through increased business investment, job creation and tax revenue.
In addition to these impressive economic returns, the program helped bring vital businesses to the area. These businesses not only created jobs but also contributed to the diversification and resilience of Okaloosa County’s economy.
Supporting High-Wage Job Creation
One of the most compelling aspects of EDATE is its focus on high-quality, high-wage job creation. The program requires that businesses benefiting from the tax exemption create jobs that pay at least 110% of the county’s average wage. This ensures that the jobs generated through EDATE are numerous and offer competitive salaries that contribute to the financial well-being of local workers.
Strengthening Okaloosa County’s Competitive Position
In today’s globalized economy, businesses have many options when choosing where to invest and expand. Neighboring counties such as Escambia, Santa Rosa, Walton, and Covington County in Alabama offer similar tax incentives to attract businesses. If Okaloosa County were to forgo EDATE, it would be at a significant disadvantage compared to these neighboring regions.
Nathan Sparks, Executive Director of One Okaloosa Economic Development Council, highlights this competitive dynamic, noting that “businesses have a choice as to where they invest.” By renewing EDATE, Okaloosa County can remain competitive in attracting new businesses and retaining existing ones, ensuring that high-paying jobs continue to flow into the area rather than to other counties or states.
A Smart Investment for the Future
Critics of the EDATE program may argue that it represents a loss of tax revenue, but this view overlooks the program’s long-term economic benefits. The county does not lose existing tax revenue when businesses qualify for EDATE. Instead, it forgoes a portion of future property tax revenue that would NOT have existed without the business’s investment in new facilities or equipment.
Moreover, the jobs and investments generated by EDATE bring additional tax revenue to the county through sales taxes and other local assessments. This new economic activity supports local infrastructure, education, and public services, making EDATE a wise investment for the future of Okaloosa County.
Commissioner Paul Mixon, a referendum supporter, emphasizes that EDATE is “important in keeping Okaloosa County competitive with neighboring areas,” noting that without the program, the county risks losing out on vital business investment and job creation opportunities. While some, like Commissioner Nathan Boyles, have expressed concerns about the program’s effectiveness, the data clearly shows that EDATE has delivered substantial returns on investment and has been a critical tool in fostering local economic growth.
What Happens If EDATE Is Not Renewed?
Without the EDATE program, Okaloosa County would lose a valuable tool for attracting and retaining businesses. Neighboring counties with similar incentives would gain a competitive edge, making it more difficult for our community to attract high-paying jobs and business investments.
The expiration of EDATE would signal to potential investors that Okaloosa County is not fully committed to supporting business growth, potentially deterring future investments that could bring jobs and economic prosperity to the region.
Conclusion: Vote Yes for Jobs, Vote Yes for EDATE
The renewal of the EDATE program is a critical step in securing a prosperous future for Okaloosa County. EDATE has proven to be an effective tool for fostering economic growth and ensuring that Okaloosa County remains competitive in the global marketplace by providing temporary tax exemptions to businesses that invest in our community and create high-wage jobs.
A “Yes” vote on the EDATE referendum is a vote for jobs, economic stability, and the continued growth and success of our county. Let’s ensure that Okaloosa County remains a place where businesses want to invest, grow, and create the kind of high-paying jobs that benefit all of us. Vote yes for EDATE on November 5, and help secure a brighter future for our community. More information available at www.JobsForOkaloosa.com.
