CREATION OF DEVELOPMENT ZONE

(a) A development zone is created to promote and encourage: (1) commercial development, including the development of businesses in the technology field; (2) workforce development; (3) excellence in education through cooperation with public schools, junior colleges, and institutions of higher education; (4) public and private sector partnerships; and (5) the revitalization of neighborhoods. (b) The governing body of a municipality or county, individually or in combination with other municipalities, by ordinance or order may create as a development zone an area within its jurisdiction that meets the criteria under Section 386.031. (c) Each creating body must hold a public hearing before adopting an ordinance or order under this section. (d) The governing body of a county may not designate territory in the jurisdiction of a municipality as part of a proposed development zone unless the governing body of the municipality also designates the territory. (e) A development zone created under this section is a: (1) political subdivision of the state; and (2) special district.