Headquartered in New York City, KPMG LLP (KPMG) provides audit, tax and advisory services and industry insight to help organizations negotiate risks and perform in today’s dynamic and challenging environments.

KPMG is seeking a site for an 800,000 square foot training center with lodging dedicated for KPMG partners and employees.

The City of Orlando proposes to provide KPMG a Tax Rebate in an amount not to exceed 25% of the City of Orlando real and tangible property taxes assessed on the property for a period of seven years beginning in Fiscal Year 2020-2021 through 2026-2027, with a maximum cumulative rebate amount over that time period not exceeding $3,502,887 and the maximum annual rebate amount not exceeding $500,412.

In addition to the Tax Rebate, the City will also support the local match for State of Florida’s Qualified Target Industry Tax Refund Program. This local match will total $64,000.

The City of Orlando will benefit from the development of KPMG’s training, conference center and lodging facility through continued job growth and investment plus an additional economic impact from the 48,000 KPMG employee visits expected to travel to Orlando each year for training and professional development.

The Economic Development Incentive Agreement includes strict accountability requirements that KPMG must meet to remain eligible for the Tax Rebate.

Approval of the  Economic Development Incentive Agreement  Between the City of Orlando and KPMG, LLP and authorizing the Mayor or Mayor Pro Tem and City Clerk to execute same. Subject to review and approval of the City Attorney's Office.