Enterprise Florida (enterpriseflorida.com)
Incentives & Grants
Qualified Target Industry Tax Refund (QTI):
The Qualified Target Industry Tax Refund incentive is available for companies that create high wage jobs in targeted high value-added industries. This incentive includes refunds on corporate income, sales, ad valorem, intangible personal property, insurance premium, and certain other taxes. Pre-approved applicants who create jobs in Florida receive tax refunds of $3,000 per net new Florida full-time equivalent job created.
Link(s):
Qualified Target Industry (QTI) Tax Refund
Contact Information:
Tim Vanderhoof
Senior VP, Business Development
(407) 956-5679
Capital Investment Tax Credit (CITC):
The Capital Investment Tax Credit is used to attract and grow capital-intensive industries in Florida. It is an annual credit, provided for up to twenty years, against the corporate income tax. Eligible projects are those in designated high-impact portions of the following sectors: advanced manufacturing, clean energy, biomedical technology, financial services, information technology, silicon technology, transportation equipment manufacturing, or be a corporate headquarters facility. Projects must also create a minimum of 100 jobs and invest at least $25 million in eligible capital costs. 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. The level of investment and the project’s Florida corporate income tax liability for the 20 years following commencement of operations determines the amount of the annual credit.
Link(s):
Capital Investment Tax Credit (CITC)
Contact Information:
Tim Vanderhoof
Senior VP, Business Development
(407) 956-5679
Quick Response Training (QRT):
Quick Response Training is an employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. A state educational facility – community college, area technical center, school district or university – is available to assist with application and program development or delivery. The educational facility will also serve as fiscal agent for the project. The company may use in-house training, outside vendor training programs or the local educational entity to provide training.
Link(s):
Contact Information:
CareerSource Florida
info@careersourceflorida.com
Incumbent Worker Training Program (IWT):
Incumbent Worker Training is a program that provides training to currently employed workers to keep Florida’s workforce competitive in a global economy and to retain existing businesses. The program is available to all Florida businesses that have been in operation for at least one year prior to application and require skills upgrade training for existing employees. Priority is given to businesses in targeted industries, HUB Zones, Inner City Distressed areas, Rural Counties and areas, and Brownfield areas.
Link(s):
Incumbent Worker Training Program
Contact Information:
CareerSource Florida
info@careersourceflorida.com
Urban Area Opportunities:
Florida offers increased incentive awards and lower wage qualification thresholds for businesses locating in many urban core/inner city areas that are experiencing conditions affecting the economic viability of the community and hampering the self-sufficiency of the residents.
Link(s):
Contact Information:
Tim Vanderhoof
Senior VP, Business Development
(407) 956-5679
Brownfield Incentives:
Florida offers incentives to businesses that locate on a brownfield site with a Brownfield Site Rehabilitation Agreement (BSRA). The Brownfield Redevelopment Bonus Refund is available to encourage Brownfield redevelopment and job creation. Approved applicants receive tax refunds of up to $2,500 for each job created.
Link(s):
Contact Information:
Tim Vanderhoof
Senior VP, Business Development
(407) 956-5679
The High Impact Performance Incentive Grant (HIPI):
Florida offers incentives to businesses that locate on a brownfield site with a Brownfield Site Rehabilitation Agreement (BSRA). The Brownfield Redevelopment Bonus Refund is available to encourage Brownfield redevelopment and job creation. Approved applicants receive tax refunds of up to $2,500 for each job created.
Link(s):
The High Impact Performance Grant
Contact Information:
Tim Vanderhoof
Senior VP, Business Development
(407) 956-5679