FINANCIAL INCENTIVES


Qualified Target Industry Tax Refund Program (QTI) – Designed to encourage the creation of high-skill jobs and encourage the growth of corporate headquarters and other targeted industries. QTI provides a tax refund of $3,000 per new job created in Florida through the expansion of existing Florida businesses or the location of new ones. (This increases to $6,000 per job within an Enterprise Zone or Rural County). A business is eligible for a $1,000 per job bonus if it pays over 150% average wage in the area, and a $2,000 per job bonus if over 200%. Projects must be supported by their community to the amount of 20% of the incentive.

For more information and to apply for the above program, please visit
Enterprise Florida – Doing Business in Florida has Advantages

Qualified Defense Contractors Tax Refund Program (QDC) – A tool to preserve and grow Florida’s high technology employment base, giving Florida companies a competitive edge as defense contractors consolidate defense contracts, acquire new contracts, or convert to commercial production. Pre-approved projects receive tax refunds of up to $5,000 per job created or saved in Florida. Projects must be supported by their community, which provides funding for 20% of the incentive.

For more information and to apply for the above program, please visit
Enterprise Florida – Doing Business in Florida has Advantages

Economic Development Transportation Fund – Referred to as the “Road Fund”, this incentive is one of Florida’s oldest incentive programs. It provides local governments with funding for transportation-related projects required to induce companies to locate, remain or expand within the local government’s jurisdiction.

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Enterprise Florida – Doing Business in Florida has Advantages


Rural Community Development Revolving Loan Program – Created to promote the economic viability of rural communities and create jobs for residents of Florida’s rural areas by leveraging the use of existing federal, state, and local financial resources. This program provides local governments with access to financial assistance through low-interest long-term loans.

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Enterprise Florida – Doing Business in Florida has Advantages

Florida First Business Bond Pool – Reserves 20% of Florida’s total annual private activity bond allocation for large industrial projects making significant contributions to Florida’s economy. Florida also reserves a portion of the total allocation to assist small manufacturers to obtain very cost-effective financing for expansion or relocation projects, if allocation is not available from the Manufacturing Facilities Bond Pool.

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Enterprise Florida – Doing Business in Florida has Advantages

Enterprise Zone Program – OTTED is responsible for the designation of enterprise zones and provides technical assistance to communities and businesses regarding the Enterprise Zone Program. The Program encourages the revitalization of economically distressed areas in Florida by providing credits against Florida’s sales tax or corporate income tax to businesses located in an enterprise zone for hiring zone residents. Corporate income tax credits are available for businesses who construct or expand their facilities within a zone. Sales tax refunds are available when businesses purchase business equipment or building materials for use within a zone. Local governments can provide additional incentives for a zone located within their boundaries.

For more information and to apply for the above program, please visit” Enterprise Florida – Doing Business in Florida has Advantage

High Impact Performance Incentive Grants (HIPI) – 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. Once approved, the high impact business is awarded 50 percent of the eligible grant upon commencement of operations and the other half once full employment and capital investment goals are met.

For more information and to apply for the above program, please visit
Enterprise Florida – Doing Business in Florida has Advantages

Rural and Urban Job Tax Credits – An incentive for eligible businesses located within one of 15 rural areas or 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. These tax credits are provided to encourage meaningful employment opportunities that will improve the quality of life of those employed and to encourage economic expansion of businesses in rural and urban areas of Florida.

For more information and to apply for the above program, please visit
Enterprise Florida – Doing Business in Florida has Advantages

Semiconductor, Space and Defense Sales and Use Tax Exemption – Used to attract and grow businesses in these sectors by providing an exemption for all sales and use taxes on investments in machinery and equipment used in manufacturing and research.

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Enterprise Florida – Doing Business in Florida has Advantages

Capital Investment Tax Credit (CITC) – Used to attract and grow capital-intensive industries in Florida. It is an annual credit against the corporate income tax which is available for up to 20 years in an amount equal to 5% of the eligible capital costs generated by a qualifying project. Eligible capital costs include all expenses incurred in the acquisition, construction, installation and equipping of a project from the beginning of construction to the commencement of operations. Available to businesses in HIPI-designated sectors. Businesses must make an investment of at least $100M to receive the full credit.

For more information and to apply for the above program, please visit
Enterprise Florida – Doing Business in Florida has Advantages

Brownfield Redevelopment Bonus – Created by the Legislature in 1997 to encourage development of abandoned, idled or underused industrial and commercial sites where expansion or development is complicated by actual or perceived environmental contamination. The Bonus is designed to work with QTI projects, paying a bonus of $2,500/job over and above the QTI award. The Bonus Program was expanded by the Legislature in 2000 and provides a $2,500 per job award for non-QTI projects that meet job creation and capital investment.

For more information and to apply for the above program, please visit
Enterprise Florida – Doing Business in Florida has Advantages

The Community Contribution Tax Credit Program – OTTED oversees the Community Contribution Tax Credit Program which encourages private sector donations to community redevelopment projects in enterprise zones and to low-income housing projects. A tax credit of 50% of the donation is allowed.

For more information and to apply for the above program, please visit
Enterprise Florida – Doing Business in Florida has Advantages

Jobs for the Unemployed Tax Credit Program(JUTC) provides incentives to businesses throughout Florida to hire qualified employees who were previously unemployed. The program is available to all businesses that are identified as a “target industry”. The business may receive a tax credit of $1,000 for every employee hired as of July 1, 2010. The business may claim only new hires that were previously unemployed for a minimum of 30 days, and that remain employed after a 12-month period at an average of 36 hours per week. This program will run until June 30, 2012 with a limit of $5 million available for tax credits in each fiscal year.

Fact Sheet PDF format
Application PDF format
ApplicationMS Word format
Word document has data entry enabled fields for typing.

Local Government Distressed Area Matching Grant Program (LDMG) – stimulates investment in Florida’s economy by assisting Local Governments in attracting and retaining targeted businesses. Applications are accepted from local governments/municipalities that plan on offering qualified business assistance (not derived from State or Federal funds) to a specific business in the area. These targeted businesses are required to create at least 15 full-time jobs and the project must either be new to Florida; expanding operations in Florida; or leaving Florida unless it receives local and state government assistance. The amount awarded by the State of Florida will equal $50,000 or 50% of the local government’s qualified business assistance amount (not derived from State or Federal funds), whichever is less, and be provided following the commitment and payment of that assistance.

Fact Sheet – PDF format
Application – PDF format
Application – MS Word format
Word document has data entry enabled fields for typing.

Manufacturing and Spaceport Investment Incentive Program (MSII) – encourages capital investment and job creation in manufacturing and spaceport activities in Florida. Applications are accepted by eligible businesses from July 1, 2010 to June 30, 2012. A tax refund up to $50,000 will be given on the State Sales and Use Tax paid for eligible equipment purchases. Purchase cost must exceed a business’ total expenditures on eligible equipment purchased and placed into service in this state during the 2008 tax year.

Fact Sheet – PDF format
Application Phase I – PDF format
Application Phase I – MS Word format
Application Phase IIPDF Format
Application Phase IIMS Word format
Word document has data entry enabled fields for typing.

 

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