What is the EDC of Sarasota and what do they Do?

The EDC is the designated economic development partner for Sarasota County and its municipalities, including the City of Sarasota, Venice, North Port, and Longboat Key. Their mission is focused on three pillars: Grow, Diversify, and Sustain.

1. Targeted Business Recruitment

The EDC doesn’t just look for any business; they recruit companies in “target industries” that offer high-paying careers and stability. These include:

• Technology & Life Sciences
• Corporate Headquarters & Financial Services
• Advanced Manufacturing & Logistics
• Film & Creative Industries

2. Business Concierge Services

For companies already here or looking to move, the EDC acts as a “one-stop-shop.” They provide economic development programs—such as site selection assistance, fast-track permitting, and navigating local government processes—to ensure businesses can thrive without red tape.

3. Workforce & Talent Attraction

A growing economy needs skilled workers. The EDC markets Sarasota County to professionals across the country, highlighting our quality of life to ensure our local businesses have the talent pool they need to expand.

Why the EDC is Important to Sarasota

Many people ask: “If Sarasota is already growing, why do we need an EDC?” The answer lies in the quality of that growth.

Diversifying the Economy

Sarasota has historically relied heavily on tourism and retirement. While vital, these sectors can be vulnerable to economic downturns. The EDC works to “recession-proof” our community by attracting industries that remain stable even when tourism fluctuates.

High-Wage Job Creation

By focusing on professional, scientific, and technical services, the EDC helps raise the average wage in Sarasota County. This allows more families to live, work, and thrive locally rather than commuting or moving away for better-paying opportunities.

Expanding the Tax Base

Every new business the EDC helps establish contributes to the local tax base. This revenue funds our parks, schools, and infrastructure, often reducing the tax burden on individual residents. According to the EDC’s recent data, the companies they supported generated over $491,000 in new annual county tax revenue in a single fiscal year.

Deep Dive: Economic Development Programs

The EDC manages several critical initiatives that provide a competitive edge for our region:

• Local & State Incentives: They help businesses access grants and tax credits designed to offset the cost of expansion and job creation.
• Business Park Development: The EDC is currently supporting the development of over 600,000 square feet of new business park space to ensure we have the physical room for future industry growth.
• Economic Research: They provide the data—from demographics to market trends—that allows leaders to make informed decisions about Sarasota’s future.

Connect with Sarasota’s Future

The work of the Economic Development Corporation ensures that Sarasota remains more than just a vacation destination—it is a world-class place to build a career and a business.

If you are a business owner looking to expand or a professional considering a move to our area, explore the Sarasota property search to find the perfect location for your next chapter. For more information on the specific programs offered by the EDC, visit their official economic development programs page.

Want to stay updated on Sarasota’s growth? Check out our Sarasota Market Report for the latest insights on how our local economy and real estate market are evolving.

Sarasota Perry

Founding Agent at Compass. Specializing in the curation and sale of Sarasota’s most prestigious branded residences, including The Ritz-Carlton, Waldorf Astoria, and St. Regis. With a deep commitment to white-glove service and market intelligence, I help discerning clients secure their piece of the Florida Gulf Coast’s most exclusive addresses.

Email: perry.corneau@compass.com

Website: http://www.sarasotaperry.com