Tax Credit Services

Tax Credit Services

Florida Enterprise Zone Tax Credit Services

What is a Florida Enterprise Zone? It is a geographically designed area that business, like yours, choose to create employment for economic revitalization. In return, the state offers an assortment of tax incentives to businesses. Tax incentives include a sales and use tax credit, tax refund for business machinery and equipment, sales tax refund for building materials and a sales tax exemption for electrical energy used in an enterprise zone. Also, local governments can provide additional incentives for a zone located within their boundaries.

Hillsborough. Hillsborough County is one of the most vibrant Enterprise Zones with business communities in the University Area, Palm River, Gibsonton, Riverview and the 56th Street Area between Hillsborough Avenue and the Hillsborough River. Additionally, areas in the City of Tampa.

Pinellas: Job Creation Incentive Program Compiled by Pinellas County Economic Development. This incentive was created by Pinellas County in March 2002 to give the county and municipal partners an additional tool to encourage new capital investment and high wage job creation for new and expanding companies.

Pasco: Job Creation Incentive. Ordinance to promote the attraction and expansion of target industries or businesses.

Expedited Permitting and Plan Amendments for Target Industries. Expedited processes can be used for businesses either relocating or expanding to Pasco County or for businesses already residing in Pasco County which need to expand.

Economic Development Transportation Fund, commonly referred to as the “Road Fund,” is a State incentive tool designed to alleviate transportation problems that adversely impact a specific company’s location or expansion decision

Hernando: Enterprise Zone is located 3.7 miles radius located within the City of Brooksville and unincorporated Hernando County.

Polk: Enterprise Zones are located in Eloise, Eagle Lake, Bartow, Fort Meade and the Bartow Airport Authority.

Manatee: Enterprise Zones are located in Palmetto and North Manatee County.

Sarasota: Is unique in the fact it has several location incentives. Sarasota County Economic Development Incentive Program is used to help retain existing businesses and assist those who want to expand and to help attract new businesses that are considering relocating to Sarasota County.

Ad Valorem Tax Exemption
 available in unincorporated Sarasota County, the cities of Sarasota, Venice and North Port. This program authorizes the County, and those respective Cities’ Commissions, to grant qualifying businesses a property tax exemption for up to 100 percent for up to 10 years, on both real and tangible personal property.

Sarasota is one of the only two communities in Florida to be an Energy Economic Zone, designed to attract and grow green, clean-tech
businesses and industry and to encourage green economic development
and energy conservation.

Rapid Permitting Programs SMART
A fast-track permitting system, the Sarasota Means Action Response Team (SMART) program will allow targeted industry companies wishing to expand or relocate in Sarasota County to develop a facility within a time frame that meets corporate goals and deadlines. COSMOS
 The City of Sarasota has established a system for fast-tracking the development review process.

Employed Worker Training (EWT). The EWT program is administered by Suncoast Workforce and provides short-term training to upgrade skills for employed workers in Manatee and Sarasota counties. On the Job Training (OJT): This program provides an incentive for employers to hire qualified individuals who may not have the experience for your position. Road Impact Fee Mitigation allows the county to mitigate up to 100% of the road impact fees. Florida Power & Light Economic Development Rates: New or expanding businesses that add a minimum of 350 kW of new electric load and create at least 10 new jobs per 350 kW of added load by June 1, 2013, can apply for the new economic development rates.


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