- Florida Capital Investment Tax Credit is a 20-year tax credit against the business’ corporate income tax up to 5% of the eligible capital costs associated with large scale technology manufacturing project.
- Brownfield Tax Incentive is a $2,500 Job Bonus Refund for each new job created in a brownfield area by an eligible business, highly attractive business locations with existing infrastructure, voluntary cleanup tax credits, cleanup liability protection, low-interest loans for assessment and cleanup, increased State Loan Guarantee can improve lending opportunities, and expedited Permitting for Brownfield projects.
- Florida’s Rural Job Tax Credit Incentive is for eligible businesses located within one of 36 rural areas to create new jobs. The tax credit ranges from $1,000 to $1,500 per qualified employee and can be taken against either the Florida Corporate Income Tax or the Florida Sales and Use Tax.
- Florida’s Urban Job Tax Credit Incentive is for eligible businesses located within one of 13 urban areas to create new jobs. The tax credit ranges from $500 to $2,000 per qualified employee and can be taken against either the Florida Corporate Income Tax or the Florida Sales and Use Tax.
- Sales and Use Tax Exemptions for all sales and use taxes on investments in machinery and equipment used in manufacturing, research and development, aviation maintenance, and commercial space activity.
- Rural Florida Consulting Services Grant provides reimbursement up to $7,500 to rural communities for consulting services to enhance economic development efforts in their community.
- Regional Rural Florida Grant supports designated RAOs with economic development-related activities that focus on promoting rural Florida from a regional perspective, including regional training, marketing, planning, development, and more. Grants in this program are eligible for reimbursement up to $30,000.
- Rural Florida Site Preparedness Grant provides a $25,000 grant for a local government or economic development organization to make sites build ready and competitive for site selection projects.
- Enterprise Florida Rural Marketing & Training Grant Program was established to support rural communities’ efforts to market their counties and provide additional training, technical, marketing, and lead generation opportunities to their employees, elected officials, and board members. Grants in this program are eligible for reimbursement up to $5,000.
- Florida’s Job Growth Grant Fund funds infrastructure for up to $40 M for projects focusing on initiatives attracting businesses and creating jobs, and, while matching funds are not required, community investment is important and should be included in the proposal.
- Florida Tax Increment Financing Florida’s TIF captures the future growth in value of real property in a district. Those funds are deposited into a Community Redevelopment Act trust fund for use in redevelopment projects only within the CRA district. TIF may not last longer than 20 years, a CRA needs to focus on blighted areas up to 80% of a city, and funds can be used for publicly owned infrastructure, public parking structures, rehabilitation of existing buildings, affordable housing, and private site improvements. A feasibility study must be approved and the local entity must approve the TIF district before implementation.
- Florida’s High Impact Business Performance Incentive Grant a negotiated incentive used to attract and grow major high impact facilities in Florida. Grants are provided to pre-approved applicants in certain high-impact sectors as designated by the Department of Economic Opportunity (DEO). Once recommended by Enterprise Florida, Inc. (EFI) and approved by DEO, the high impact business is awarded 50 percent of the eligible grant upon commencement of operations and the balance of the awarded grant once full employment and capital investment goals are met.
- Florida Small Business Emergency Bridge Loan provides $50 M bridge loan expanded for business owners with two to 100 employees located in Florida affected by COVID-19 for short-term loans up to $50,000.
