Container Shipping Stimulates Business
As Port Manatee completes its $150 million expansion to accommodate increased container business, land deals surrounding the port are escalating.
Operations manager Kevin Button is marketing to shipping-related businesses and startups from
“We’re the first ones on the block, but we see it coming,” says Button. “There’s a lot of land for sale and a lot of deals going on.”
The Port Authority, under the leadership of Manatee County Commissioner and Port Authority Chairman Joe McClash, is also promoting port-related development through the creation of a Port Manatee Encouragement Zone. The Encouragement Zone, designed to stimulate Manatee’s economy by removing development hurdles for port-related businesses, will have a huge impact, Button says.
“We think the encouragement zone will really elevate the status of the neighborhood,” McClash says. “There’s going to be a lot more flexibility in the area. Waiving impact fees is a huge incentive for someone to develop a port-related business.” Companies within the zone could also benefit from expedited permitting, inclusion within the Port’s foreign trade zone and a DRI exemption from the state that was approved by the Florida Legislature this past session.
“This is probably the largest economic incentive plan ever offered in
Up to 30 percent of
With two new buildings completed this year,
Building E, a two-story professional office building, has 2,400 square feet on the first floor, a 780-square-foot mezzanine and an atrium with two-story windows. The annual gross rate of $12 per foot square foot includes everything but sales tax and utilities.
Building B, a 79,800-square-foot storage warehouse located within the foreign trade zone, has 24-foot ceilings, offers a 60-foot wide cargo door, grade level and dock level loading. The gross rate is $4.20 per square foot including expenses except sales tax and utilities.
Two new buildings contain office/warehouse units that were completed this year and range from 2,300 square feet to 11,000 square feet. Lease rates start at $7.45 per square foot.
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