"We have the edge but we could lose that edge very, very quickly."
Brevard County commissioners voted 3-2 on May 20 to dissolve the North Brevard Economic Development Zone.
Titusville could continue funding NBEDZ to keep it from being dissolved, but it would no longer receive any payments from Brevard County.
The North Brevard Economic Development Zone uses property tax revenue from new commercial and industrial construction in North Brevard County to help provide economic incentives for projects within the zone. If the zone was not in existence, that money would go into Brevard County's general fund for use on projects throughout the county.
The zone had been getting about $3 million a year from the county. Commissioners said they intended to redirect the money to Brevard County Fire Rescue. This week's vote is the second after the issue was brought up in April and confirms that NBEDZ will no longer receive support from the county.
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