Incentives Managed at the State Level

Enterprise Florida- Statewide Incentives  

Qualified Target Industry Tax Refund (QTI)

This program provides a refund of taxes paid up to a maximum of $3,000 per new job created by newly locating or expanding qualified businesses and industries ($6,000 per new job if in a rural county or an Enterprise Zone).  This inducement program is jointly funded, 80% by the state and 20% by the local community.  Approval of the refund by the state/local community must be made before the applicant commits to a location.  Total grant available per company is $5,000,000. 
Click here to view Enterprise Florida QTI Overview
 

Brownfield Bonus Program

If an eligible project is located in a designated Brownfield area, it may qualify for a bonus of up to $2,500 per new job created. This program may be coupled with the QTI program.  Minimum threshold average wage required does not apply if project is within in a Brownfield area.  (Duval and Clay counties have areas designated as Brownfield Zones)

If an eligible project is located in a designated Brownfield area, it may qualify for a bonus of up to $2,500 per new job created. This program may be coupled with the QTI program.  Minimum threshold average wage required does not apply if project is within in a Brownfield area.  (Duval and Clay counties have areas designated as Brownfield Zones)
Click here to view Enterprise Florida Brownfield Bonus Overview  
 

Quick Response Training (QRT)

This is an inducement program for job creation and retention.  In addition to actual employee training, the grant may cover the cost of acquiring specialized equipment, retaining an instructor, and provision of a training facility (if required) necessary for the conduct of the training program.  The amount of the grant is affected by the skill levels required, number of new jobs and the wage levels paid.

Previous grants have ranged between $600 and $1,800 per new job with high awards going to projects with high average wages, high capital investment, or location within critical economic areas such as Enterprise Zones.  Application is made jointly by the company and training institution that will provide the training.  If desired, the company many also provide the training itself and directly receive reimbursement up to 95% of approved grant.
Click here to view Enterprise Florida QRT Overview 
 

Economic Development Transportation Fund (EDTF)

This program is funded by the state legislature as an inducement for the location, expansion, or retention of qualified business and industrial projects to the state.  Application is made by the city (county) to the state to fund the cost (up to $3,000,000) of transportation projects (access roads, road widening, grade crossings, traffic signalization, etc.) necessary for the location, expansion or retention of a qualified business or industry in Florida.
Click here for Enterprise Florida EDTF Overview

 

 

Qualified Defense Contractor Tax Refund (QDC)

The Florida Qualified Defense Contractor program is provided to encourage the location and expansion of defense industries in the state.  The Qualified Defense Tax Refund may be up to $5,000 pernew job created or saved in Florida through:  the conversion of defense jobs to civilian production, the acquisition of a new defense contract, or the consolidation of a defense contract which results in at least a 25% increase in Florida employment or a minimum of 80 jobs. 
 

Sales Tax Exemptions

The purchase of equipment and machinery used in the manufacturing process is exempt from the payment of Florida State sales tax. This applies to other supporting equipment as well, such as computers that are used 50% or more to control the production process.  The exemption is 100% of all sales tax for new industries, and the new equipment purchased by existing industries where the purchase increases production by 10% or more.  There is no exemption for sales tax paid for replacement equipment not increasing production by at least 10%.
 
  

Tax Exemptions on Inventories and Personal Property

Inventories (raw material and finish product) are 100% exempt from taxation at both state and local levels.  Personal property used in business (office equipment, plant machinery, equipment, etc.) is taxed at the local level only.
 
   

No State Corporate Franchise Fee/Tax

Florida does not apply a tax to corporate capital stock or charge a franchise fee to do business in the state.  
 
 

No State or Local Personal Income Tax/No State Property Tax

Neither individual personal income nor individual personal property is taxed in Florida.  Personal property used in business is taxed at the local (city/county) level only.
 
 

Enterprise Zone Program (Applicable to certain portions of Duval and Putnam Counties only)