While the following make look a bit overwhelming, we are here to help you determine what incentives/resources you are eligible and assist you through the process to ensure you recieve all that you are eligible.  Let us help you be successful!!

 

Brownfield Redevelopment Bonus
When 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 other programs.

Rural Incentives: Florida encourages growth throughout the state by offering increased incentive awards and lower wage qualification thresholds in its rural counties. Additionally, a Rural Community Development Revolving Loan Fund and Rural Infrastructure Fund exist to meet the special needs that businesses encounter in rural counties.

Industry Recruitment, Retention & Expansion (IRREF) Fund 
A grant program of the Governor and the Legislature of the State of Florida, administered by the University of West Florida’s Office of Economic Development & Engagement, to aid disproportionately affected counties of Northwest Florida in economic recovery from the Deepwater Horizon oil spill of 2010. Minimum wage thresholds are reduced from 115% to 85% of county average wage excluding benefits, to qualify for state and local incentives.

Escambia County Economic Development Cash Incentive Program
A grant to qualified businesses that could assist in defraying costs incurred as a result of relocation or expansion. To qualify, a new or expanding company must create a minimum of 10 new permanent full-time jobs that meet the county wage requirements. The jobs must be retained for a period of three years. The company must be a target industry as defined by the Board of County Commissioners (BCC) or located within a targeted area, such as Community Redevelopment Areas (CRA), Enterprise Zones (EZ) or other areas identified by the BCC.

Community Contribution Tax Credit Program
The Community Contribution Tax Credit Program provides a financial incentive (up to 50% tax credit or sales tax refund) to encourage Florida businesses to make donations toward community development and housing projects for low-income persons. The tax credit is easy for a business to receive. Businesses located anywhere in Florida that make donations to approved community development projects may receive a tax credit of up to 50 percent of the value of the donation.

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: 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.

 

Economic Development Transportation FundThe Economic Development Transportation Fund, commonly referred to as the “Road Fund,” is an incentive tool designed to alleviate transportation problems that adversely impact a specific company’s location or expansion decision. The award amount is based on the number of new and retained jobs and the eligible transportation project costs, up to $3 million. The award is made to the local government on behalf of a specific business for public transportation improvements.

High Impact Performance Incentive Grant (HIPI)
The High Impact Performance Incentive is a negotiated grant used to attract and grow major high impact facilities in Florida.

Incumbent Worker Training Grant (IWT)
The Incumbent Worker Training Program provides grant funding for customized training for existing for-profit businesses.

Qualified Target Industry (QTI)
QTI Tax Refund incentive is available for companies that create high wage jobs in targeted high value-added industries, and 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; $6,000 in an Enterprise Zone or Rural Community (county). For businesses paying 150 percent of the average annual wage, add $1,000 per job; for businesses paying 200 percent of the average annual salary, add $2,000 per job; businesses falling within a designated high impact sector or increasing exports of its goods through a seaport or airport in the state by at least 10 percent in value or tonnage in each year of receiving a QTI refund, add $2,000 per job; projects locating in a designated Brownfield area (Brownfield Bonus) can add $2,500 per job. New or expanding businesses in selected targeted industries or corporate headquarters are eligible.

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.

Quick Response Training Grant (QRT)
QRT 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.

Pro-Business Tax Structure
Business dollars go a lot farther here given Florida’s limited corporate taxes and no personal income tax. Thanks to a history of responsible spending decisions and high financial reserves, Florida has earned a AAA bond rating – the highest available – while enjoying this low-tax climate. Businesses thrive in this low-tax environment and employees enjoy the benefit of no personal income tax.

Permit Streamlining Initiatives

Companies with extensive permitting and regulatory needs can benefit from streamlining procedures. Streamlining is achieved through commitment among the state’s regulatory agencies and local governments to provide quicker, less costly, and more predictable permit approvals to significant economic development projects without reducing environmental standards.

Financial Assistance from U.S. Small Business Administration
All businesses require money to get off the ground and to continue to grow. SBA’s resources help you research loan programs, explore options around export financing. Learn more about Small Business Investment Companies (SBICs), and determine if surety bonds are ideal for your situation.

Qualified Defense and Space Contractor Tax Refund (QDSC)
Florida is committed to preserving and growing its high technology employment base by giving Florida defense, homeland security, and space business contractors a competitive edge in consolidating contracts or subcontracts, acquiring new contracts, or converting contracts to commercial production. Pre-approved applicants creating or retaining jobs in Florida may receive tax refunds of $3,000 per net new Florida full-time equivalent job created or retained; $6,000 in an Enterprise Zone or rural county. For businesses paying 150 percent of the average annual wage, add $1,000 per job; for businesses paying 200 percent of the average annual salary, add $2,000 per job.

Enterprise Zone Incentives
Florida offers an assortment of tax incentives to businesses that choose to create employment within an enterprise zone which is a specific geographic area targeted for economic revitalization. These include a sales and use tax credit, tax refund for business machinery and equipment used in an enterprise zone, sales tax refund for building materials used in an Enterprise Zone, and a sales tax exemption for electrical energy used in an enterprise zone.

Jobs for the Unemployed Tax Credit Program (JUTC)
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 $10 million available for tax credits.
Fact Sheet PDF format   Application PDF format   ApplicationMS Word format

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 cost-effective financing for expansion or relocation projects, if allocation is not available from the Manufacturing Facilities Bond Pool.

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.

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
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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
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Economic Development Ad Valorem Tax Abatement (EDATE): Escambia County provides an Economic Development Ad Valorem Tax Exemption (EDATE) incentive program. This economic incentive,  established in 2012, is a local option tax incentive for new or expanding target industry businesses, which may be granted at the discretion of the county commissioners.

Historical Preservation

Find out if your property qualifies (list of historic properties)

Local Economic Development Incentives
Please make initial application for local incentives through the Pensacola Bay Area Chamber of Commerce. Phone: (850) 438-4081.

Oil Spill Recovery Incentives

  • Available in Escambia County.
  • Provides preferences and waivers for certain incentive threshold requirements for 2012-2014.
  • Appropriates $10 million/year for 3 years (2012-2014) to assist/support economic activities (approximately 80-85% is earmarked for economic development/job creation projects).