In 2010, the City Council approved ad valorem tax exemptions to new and expanding businesses in the city. The goal is to provide incentives to encourage employment-based businesses to locate to Mount Dora.
Creating employment opportunities for residents is a high priority for city officials. The City Council strives to strengthen the local economy and enhance the health, welfare, and general well-being of the residents of Mount Dora. Tax exemptions can also encourage the type and location of development as envisioned through the extensive public input of the visioning process.