Submitted By: Edwin R. Carreras Rivera, Esq.
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Presentation By: Roberto Ellis
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Department: Growth Management
FORMAL TITLE:
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Economic Investment Program agreement between the City of Ocala and E-One, Inc. with a total incentive amount not to exceed $193,000
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OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
The City of Ocala's Economic Investment Program (EIP) exists to drive economic growth within city limits and utility service areas by attracting new businesses and supporting the expansion of existing ones. Under the program, the City may provide financial assistance on a case-by-case basis when a demonstrable positive return on investment can be established for the City and the broader community. This agenda item supports City Council's strategic priority of Economic Hub.
Applicant Background
E-One, Inc. (E-One) is a well-established fire apparatus manufacturer with its primary manufacturing campus located within Ocala city limits. The company, formerly known as Emergency One, has deep roots in the Ocala community, having been founded locally in 1974 with approximately 25 employees. E-One opened its first major Ocala facility in 1978 and expanded again in 1990. The company currently operates a facility on the 51.56-acre site (Parcel ID 23320-005-16), employing over 150 full-time workers across production, engineering, and management functions.
Incentive Request
E-One is requesting $193,000 in financial assistance from the City in the form of a grant, to be disbursed in three equal installments. E-One proposes a major expansion of its Ocala manufacturing campus, reflecting its long-term commitment to the City and its confidence in the local workforce. If approved, the incentive will enable E-One to expand employment levels and enhance the overall feasibility of the Ocala expansion.
Project Description
The subject property at 2929 SW 57th Avenue occupies a strategically advantage...
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