TOT-P5-C25-002Supporting programCouncil Vote

Local Multiplier Credits

TOT-P5-C25-002

Developers who invest locally get rewarded.

Delivery conditions

Detailed schedule is not established in the supplied canonical timeline. Timing shown is v1 editorial sequencing, subject to the source gates.

Credits that reduce what developers owe require Council action and legal review to stay within state and local law.

The problem

Developers who hire locally, build affordable homes, and invest in neighborhood businesses get the same treatment as those who don't. There's no upside for doing right by Tampa — so too many don't.

The plan

The credits are simple, public, and automatic when earned — a developer knows exactly what behavior the city values, because the price is printed on the tin.

How you’ll know it’s working

Credit structure designed with legal review
Credits earned and claimed in published counts
Local hiring and affordable-home outcomes tied to credits
Annual public accounting of credits granted and value delivered

From the Blueprint

Every qualifying development pays a Mobility & Impact Fee calibrated by square footage, trip generation, and infrastructure load.
Credits offset the fee by verified local performance: Bronze (20% local, 15% off), Silver (35%, 30% off), Gold (50%+, 40% off).
'Local' means Hillsborough County residents on payroll and Tampa-region suppliers, with SBE/MBE participation weighted 1.5x.
Developers connect certified payroll and vendor invoices to TaskTampa via API; the city audits quarterly and dashboards update in real time.
Legally it is a universal fee with voluntary offsets -- not a procurement preference or set-aside under Florida procurement law.

Sources and research conditions

S01 pp. 390-391

SOURCE-SUPPORTED

Detailed schedule is not established in the supplied canonical timeline. Timing shown is v1 editorial sequencing, subject to the source gates.

Proposal FAQ

Questions, answered from the record.

What problem does Local Multiplier Credits address?

Developers who hire locally, build affordable homes, and invest in neighborhood businesses get the same treatment as those who don't. There's no upside for doing right by Tampa — so too many don't.

What would Local Multiplier Credits do?

Local Multiplier Credits reward development that pays Tampa back: developers who hire local workers, include affordable homes, or invest in neighborhood businesses earn credits against city obligations. The design goes through Council and legal review, with no dollar figures promised until the structure is proven. The credits are simple, public, and automatic when earned — a developer knows exactly what behavior the city values, because the price is printed on the tin.

Who would own Local Multiplier Credits, and what authority would it use?

Finance / Treasury. Council Vote: Credits that reduce what developers owe require Council action and legal review to stay within state and local law.

How would Tampa know whether Local Multiplier Credits is working?

Credit structure designed with legal review; Credits earned and claimed in published counts; Local hiring and affordable-home outcomes tied to credits; Annual public accounting of credits granted and value delivered

When would Local Multiplier Credits move?

Year One: Scoped pilot with published stage labels, then evaluate before any scale decision.

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