Eligibility Requirements

Pasco Job Creation Incentive

County cash incentive aimed to promote the creation of high-wages jobs.

Eligibility 1

Pay an average annual wage of at least 115% of the prevailing Pasco County average wage.

Eligibility 2

Must sell at least 51% of products or services outside of Pasco County.

Eligibility 3

The project must result in a minimum of 10 new full-time jobs within the County during the first year of operations.

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Eligibility Requirements

Pasco County Expedited Permitting

Pasco County initiative to streamline governmental review and approval of building permits for new construction of office and industrial buildings.

Eligibility 1

Must be a qualified target industry in Pasco County.

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Eligibility Requirements

Penny for Pasco Workforce Training Grant

Provides reimbursements for employee training for Pasco-based employees of tareget industry employers.

Eligibility 1

Must be a qualified target industry in Pasco County.

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Eligibility Requirements

MicroLoan Program

Small business loan program for Pasco businesses that are not able to access capital through traditional means.

Eligibility Requirements

Florida Job Growth Grant Fund

Grant awarded for local public infrastructure and workforce training proposals that promote economic opportunity across the state.

Eligibility 1

Grant Fund may not be used for the exclusive benefit of any single company, corporation, or business entity.

Eligibility 2

Meant for State or local public infrastructure projects to promote: Economic recovery in specific regions of this state; Economic diversification; or Economic enhancement in a targeted industry.

Eligibility 3

Can also be applued for workforce training grants to support programs at state colleges and state technical centers that provide participants with transferable, sustainable workforce skills applicable to more than a single employer, and for equipment associated with these programs.

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Eligibility Requirements

High Impact Performance Incentive (HIPI)

Grant incentivizing capital investment and job creation, exclusively available for major facilities in designated high-impact sectors, driving economic growth and development.

Eligibility 1

In order to participate in the program, a company must apply to Enterprise Florida prior to making a decision to locate or expand in Florida. In order to qualify for consideration under the program, an applicant must:

• Operate within designated high impact portions of the following sectors: Clean Energy, Corporate Headquarters, Financial Services, Life Sciences, Information Technology, Advanced Manufacturing, Transportation Equipment Manufacturing, and Semiconductors;

Eligibility 2

Create at least 50 new full-time equivalent jobs in Florida in a designated high impact sector in a 3-year period; or if a research and development facility, create at least 25 new full-time equivalent jobs in a 3-year period; and

Eligibility 3

Make a cumulative investment in the state of at least $50 million in a 3-year period, or if a research and development facility, make a cumulative investment of at least $25 million in a 3-year period.

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Eligibility Requirements

Capital Investment Tax Credit

Tax Credit for high-impact sectors that make a cumulative investment of at least $25 million and create a minimum of 100 new full-time jobs.

Eligibility 1

In order to participate in the program, a company must apply to Enterprise Florida (EFI) and be certified by the Department of Economic Opportunity (DEO) prior to the commencement of operations. In order to qualify for consideration under the program, an applicant must:

• Operate within designated high impact portions of the following sectors: Clean Energy, Corporate Headquarters, Financial Services, Information Technology, Life Sciences, Semiconductors, Advanced Manufacturing, and Transportation Equipment Manufacturing;
• Create at least 100 new jobs in Florida in connection with the project; and
• Make a cumulative capital investment of at least $25 million in connection with the project during the period from the beginning of construction to the commencement of operations.

Eligibility 2

The amount of the annual credit is up to five percent of the eligible capital costs generated by a qualifying project, for up to 20 years. The annual credit may not exceed a specified percentage of the annual corporate income tax liability generated by the project. If the credit is not fully used because of insufficient tax liability, the unused amounts may be used in any one year or years beginning with the 21st year and ending with the 30th year after the commencement of operations. The CITC credits are:

• One hundred percent, for a project with a cumulative capital investment of at least $100 million;
• Seventy-five percent, for a project with a cumulative capital investment of at least $50 million but less than $100 million; and
• Fifty percent, for a project with a cumulative capital investment of at least $25 million but less than $50 million.

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Eligibility Requirements

Research and Development Tax Credit Program

Corporate income tax credit for eligible businesses in targeted industries, supporting qualified research expenses in Florida, fostering innovation and technological advancement.

Eligibility 1

• Credit may be taken against eligible taxes on qualified research expenses incurred in the state.
• Available to corporations that are allowed the federal credit for qualified research expenses under 26 U.S.C. s. 41, and claim that credit.
• Corporation must be a target industry business as defined in 288.106 Florida Statutes.
• Amount of credit may not exceed 50 percent of the taxpayer’s income tax liability after claiming all other eligible credits.
• Allows for a credit carry forward of five (5) years for any unused credit remaining.
• Requires a re-computation and repayment of the credit amount, plus interest, when a corporation’s qualified research expenses are reduced as a result of a federal audit or examination.

Additional Resource Information

Eligibility Requirements

Jobs for Veterans State Grant

Empowers veterans, transitioning service members, and eligible spouses for meaningful careers, breaking down employment barriers through empathetic case management.

Eligibility Requirements

Community Contribution Tax Credit Program

Promotes affordable housing and job opportunities for low-income households through tax credits for donations to entities engaged in community development projects.

Eligibility 1

To receive donations that are eligible for a tax credit or refund, an organization and its project(s) must apply to and be certified by FloridaCommerce. To qualify as a sponsor, an organization must be one of the following organization types:

• A community action program
• A nonprofit community-based development organization providing community development projects, housing for low-income households, or increasing entrepreneurial and job development opportunities for low-income persons
• A neighborhood housing services corporation
• A local housing authority
• A community redevelopment agency
• A historic preservation district agency or organization
• A local CareerSource Board
• A direct-support organization
• An enterprise zone development agency
• A community-based organization incorporated under chapter 617 which is recognized as educational, charitable or scientific pursuant to s. 501(c)(3) of the Internal Revenue Code and whose bylaws and articles of incorporation include affordable housing, economic development or community development as the primary mission of the corporation
• A unit of local government
• A unit of state government

Eligibility 2

The organization must also have a project that fits one of the following criteria:

• Designed to construct or rehabilitate housing for low-income or very-low-income households
• Designed to construct, improve or substantially rehabilitate housing that is affordable to low-income or very-low-income households
• Designed to provide housing opportunities for persons with special needs
• Designed to provide commercial, industrial or public facilities in a Front Porch Florida Community or an area designated as a Florida Enterprise Zone
• Designed to improve entrepreneurial or job development opportunities for low-income persons in a Front Porch Florida Community or an area designated as a Florida Enterprise Zone
• Increase access to high-speed broadband capability in rural communities with enterprise zones (including projects that result in improvements to communication assets that are owned by a business)

Additional Resource Information

Eligibility Requirements

Brownfield Redevelopment Bonus Refunds

Incentive program driving job creation and capital investment in designated brownfield areas, offering tax refunds up to $2,500 per job created for eligible businesses.

Eligibility 1

Brownfield areas eligible for bonus refunds' means a brownfield site for which a rehabilitation agreement with the Department of Environmental Protection or a local government delegated by the Department of Environmental Protection has been executed under s. 376.80 and any abutting real property parcel within a brownfield area which has been designated by a local government by resolution under s. 376.80.

Eligibility 2

The Brownfield Redevelopment Bonus is available to any eligible company, including those that do not fall under one of the targeted industries

Eligibility 3

Approved applicants receive tax refunds up to $2,500 for each job created

Additional Resource Information

Eligibility Requirements

Semi-Conductor, Defense, and Space Technology Tax Exemption

Supporting technology-based firms investments in machinery and equipment. Eligible businesses, including those in semiconductor, defense, and space tech, can secure a two-year sales tax exemption permit for qualifying machinery and equipment.

Eligibility 1

Businesses involved in semiconductor, defense and space technology production are eligible to apply for a sales tax exemption permit, valid for two years, on the purchase of machinery and equipment.

Eligibility 2

The majority of companies using this tax exemption bid on government defense and space contracts and must keep their overhead costs low in order to stay competitive and win these lucrative contracts.  This incentive helps companies achieve this goal.

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Eligibility Requirements

Manufacturing Machinery and Equipment Sales Tax Exemption

Available to qualifying businesses in manufacturing sectors, this program exempts sales tax on parts and accessories for industrial machinery and equipment, fostering economic growth.

Eligibility 1

“Industrial machinery and equipment” means tangible personal property or other property that has a depreciable life of 3 years or more and is used as an integral part in the manufacturing, processing, compounding, or production of tangible personal property for sale or is exclusively used in spaceport activities. Florida Law also specifies the machinery and equipment that does not qualify for this exemption.

Eligibility 2

Expanding businesses must show a minimum 5% increase in productive output.

Additional Resource Information

Eligibility Requirements

Research & Development Machinery and Equipment Sales Tax Exemption

Program available for purchases or lease of machinery and equipment used predominantly for research and development purposes (section 212.08(18), Florida Statutes).

Eligibility 1

This exemption is available for purchases of machinery and equipment used predominantly (at least 50%) for research and development as defined by law.

Eligibility 2

“Machinery and equipment” includes, but is not limited to, molds, dies, machine tooling, other appurtenances or accessories to machinery and equipment, testing and measuring equipment, test beds, computers, and software, whether purchased or self-fabricated, and, if self-fabricated, includes materials and labor for design, fabrication, and assembly.

Eligibility 3

“Research and development” does not include ordinary testing or inspection of materials or products used for quality control, market research, efficiency surveys, consumer surveys, advertising and promotions, management studies, or research in connection with literary, historical, social science, psychological, or other similar nontechnical activities.

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Eligibility Requirements

Machinery and Equipment Used in Production of Electrical or Steam Energy Sales Tax Exemption

Sales tax exemption on machinery and equipment for facilities generating electrical or steam energy, promoting cost-effective production for qualifying manufacturing activities in Florida.

Eligibility 1

This exemption is available to facilities that burn boiler fuels, other than residual oil.

Eligibility 2

The electrical or steam energy must be primarily used for manufacturing, processing, compounding, or producing for sale, items of tangible personal property in Florida.

Eligibility 3

If a facility burns both residual and nonresidual fuels, the exemption is prorated. If 15% or less of all electrical or steam energy produced is from using residual oil, the full exemption applies.

Additional Resource Information

Eligibility Requirements

Aircraft Repair and Maintenance Sales Tax Exemption

Available for labor, parts, and equipment related to the repair and maintenance of qualified aircraft.

Eligibility Requirements

Black Business Loan Program

Empowers black business enterprises with loans, loan guarantees, and investments through certified black business investment corporations, fostering success in the private sector.

Eligibility Requirements

Defense Infrastructure Grant Program

Supports local infrastructure projects deemed to have a positive impact on the military value of installations within the state.

Eligibility Requirements

Defense Reinvestment Grant Program

Supports community initiatives addressing military-related issues, focusing on protecting installations, diversifying defense-dependent communities, and developing plans for closed or realigned military installations.

Eligibility Requirements

Experiential Learning Tax Credit

Offers a corporate income/franchise tax credit for businesses with up to five apprentices, preapprentices, or student interns, supporting workforce development and skill-building initiatives.

Eligibility Requirements

Fixed Wing Aircraft Sales Tax Exemption

Tax exemption for the sale or lease of a qualified aircraft or an aircraft having a maximum certified takeoff weight of more than 15,000 pounds and used by a “common carrier,” as defined in Federal Aviation Administration regulations.

Eligibility Requirements

Florida Defense Support Task Force Grants

Department of Commerce contracts with the task force to address designated issues: economic research, joint planning, advocacy, school transition, job training for military spouses, and state promotion to military contractors.

Eligibility Requirements

Florida Development Finance Corporation

Florida's special development financing authority, facilitating economic growth and job creation by providing businesses access to capital through strategic financings.

Eligibility Requirements

Florida Entertainment Industry Sales Tax Exemption

For qualified purchases made by production companies for motion pictures, made‐for‐television motion pictures, television series, commercials, music videos or sound recordings are eligible.

Eligibility Requirements

Florida Opportunity Fund

Supports Florida's economic growth by investing in a diverse portfolio of seed and early-stage venture capital funds, fostering long-term capital appreciation.

Additional Resource Information

Eligibility Requirements

Florida Small Business Loan Program

The SSBCI 1.0 program enhances business growth and economic development by providing additional resources and capital. In Florida, funds support lending and the Florida Venture Capital Program.

Eligibility Requirements

Florida Small Business Emergency Bridge Loan Program

Offers short-term, interest-free working capital loans to bridge the gap between major catastrophes and securing longer-term recovery resources for businesses in Florida.

Additional Resource Information

Eligibility Requirements

Incumbent Worker Training

12-month grant program funding continuing education and training for incumbent employees at existing Florida businesses, fostering skill development and adaptability.

Eligibility Requirements

Microfinance Guarantee Program

This program stimulates access to credit for entrepreneurs and small businesses in Florida by providing guarantees to loans.

Eligibility Requirements

Pathways to Career Opportunities Grant Program

State-funded initiative supporting the establishment, operation, or expansion of registered apprenticeship or preapprenticeship programs in various educational institutions.

Eligibility Requirements

Quick Response Training

State grant program providing funding for customized training to new or expanding businesses in targeted industries, enhancing workforce skills and competitiveness.

Eligibility Requirements

Rebuild Florida Business Loan Fund

Addresses the capital gap for businesses, offering long-term, high-funding loans at market rates statewide, fostering economic development and resiliency in Florida.

Eligibility Requirements

Space Flight Activities Tax Expemptions

Tax exemptions for space-related entities, covering orbital space facilities, vehicles, satellites, and associated properties, fostering growth in Florida's aerospace industry and space exploration endeavors.

Eligibility Requirements

Space Florida

Space Florida, an independent district, drives the growth of a premier aerospace industry in the state through strategic financing, spaceport operations, research, workforce development, and education programs.

Eligibility Requirements

Veterans Florida

A comprehensive initiative aiding military veterans in transitioning to civilian life, offering grant reimbursement, career services, and entrepreneurship support to enhance veteran employment and business opportunities.

Eligibility Requirements

Federal Bonding Program

Provides employers liability protection for at-risk job hires by offering business insurance against theft, forgery, larceny, or embezzlement.

Eligibility Requirements

Work Opportunity Tax Credit Program

Allows employers to earn federal tax credits ($1,200 to $9,600) per employee when hiring from defined target groups, promoting diverse and inclusive workforce practices.