Business Impact Estimates are produced in compliance with Florida Statute 166.041(4)(a), and will contain the following information for the benefit of the public: (1) A summary of the proposed ordinance, including a statement of the public purpose to be served by the proposed ordinance; (2) An estimate of the direct economic impact of the proposed ordinance on private for-profit businesses in the county or city, including: An estimate of direct compliance costs for businesses; Identification of new charges and fees; and An estimate of the county’s or city’s regulatory costs. (3) A good faith estimate of the number of businesses likely impacted; and (4) Any additional information deemed useful.
There are types of ordinances that do not require business impact estimates. Please refer to Florida Statute 166.041(4)(c) for the list of exempt types of ordinances.