Modifications

  • Parking Lot Expansion at 1701 E Orange Ave
  • Storage Depot (Minor)
  • Eustis BTR #4
  • Pine Meadows Reserve
  • Development Services will continue collaborating with the Economic Development Division to enhance its focus on economic growth and business-friendly practices, including support for economic development initiatives and incentive programs.

4. Diversify and expand the commercial/industrial tax base.

  • All eight lots in Cobb Commerce Park are in various stages of development. Multiple buildings have been completed. Several others are under construction or have been approved for construction.
  • Over the past several years, new commercial development has occurred along US Hwy 441, N SR 19, and other areas of the City; plans for retail centers on US 441 have been submitted; interest in Eustis for new development has increased.
  • Development Services will continue to work with the Economic Development Department to become more economic development-focused and business-friendly.

5. Expand post-secondary educational opportunities within the City.

  • Coordinate and partner with Lake Technical College/Center for Advanced Manufacturing:
  • Lake Technical College opened the Center for Advanced Manufacturing.
  • The UCF/Eustis Business Incubator opened in August of 2023 to provide programs and services to startup businesses. It is housed in the MEGA Workplace building, which offers low-cost office space and business amenities, e.g. conference room availability.
  • The City donated 8 acres of land to Lake Sumter State College for the establishment of a new CDL and Utility Line Worker Training Facility. A preliminary Site Plan has been developed.

6. Develop eco-tourism.

  • Develop partnerships with local businesses to provide goods and services at City events.
  • Partner with Trout Lake Nature Center.
  • Connect to a more extensive area trail system.
  • Add guided kayak tours of local waters.
  • Extend the watercraft rentals franchise agreement.
  • Provide Planning/Feasibility Study trails application to MPO.
  • The City Commission approved an interlocal agreement with Lake County, Tavares, and Umatilla to work cooperatively on the North Lake Trail. In addition, the City budgeted $50,000 in FY 2024/25 for the City's portion of a feasibility study.
  • ➢ Collaborate with Lake County TDC to identify potential joint efforts to attract tourists to downtown Eustis.

7. Support economic development throughout the entire City, as opposed to creating area specific incentives.

41