| Program
Names |
Description |
| Regional
Programs |
| Florida High Tech Corridor
Council Matching Grants |
Grants designed to expand the research activities
of a FHTC industry partner by providing matching funds to leverage
research collaborations between Industry and UCF / USF. |
| Progress Energy -
Infrastructure Development Grant |
A grant to companies to fund building infrastructure. Only
applicable for Progress Energy served sites, in which there is a
competitive situation. Amount not able to be determined at this
time, as it is based on estimated load factor. |
|
| Local
Programs |
|
| Orange
County |
| |
Enterprise Zone Jobs Tax
Credit
|
Businesses located in an enterprise zone who pay
corporate income taxes a tax credit for wages paid to new employees
who have been employed by the business for at least three months
and are residents of a Orange County enterprise zone area. |
| |
Enterprise Zone Property Tax
Credit
|
Businesses located in an enterprise zone are
allowed a credit on Florida corporate income tax equal to 96% of ad
valorem taxes paid on the new or improved property. |
| |
Community Contribution Tax Credit
Program
|
Allows businesses anywhere in Florida a 50% credit
on Florida corporate income tax or insurance premium tax for
donations to local community development projects. |
| |
Credit Against Sales Tax for Job Creation
in an Enterprise Zone
|
Businesses located in a Florida enterprise zone,
who collect or pay Florida sales and use tax, a monthly credit
against their tax due on wages paid to new employees who have been
employed by the business for at least three months and are
residents of an Orange County enterprise zone area. |
| |
Sales Tax Refund for Building
Materials Used in an Enterprise Zone |
Refund is available for sales taxes paid on the
purchase of certain business property (e.g. tangible personal
property such as office equipment, warehouse equipment, and some
industrial equipment and machinery), which is used EXCLUSIVELY in
an enterprise zone for at least three years. |
| |
Sales Tax Refund for Business
Machinery and Equipment Used in an Enterprise Zone |
Refund is available for sales taxes paid on the
purchase of building materials used to construct or rehabilitate
real property located in an enterprise zone. |
| |
Qualified Target Industry Tax Refund
Program (QTI) Local Match
|
Orange County contributes a local match to make up
the total QTI award. |
|
| City of
Orlando |
| |
Arts and Culture Assistance
Program (ACAP) |
Program designed to encourage arts and
culture-related businesses and organizations to locate, expand, or
redevelop in the Traditional City of Orlando. |
| |
Business Assistance
Program |
Program designed to encourage location and/or
expansion of small businesses in the City by assisting with
small-scale infrastructure projects and offsetting development
fees. |
| |
Business Assistance
Team |
The Business Assistance Team typifies the
City’s pro-business attitude created to ensure that
businesses have every opportunity to succeed. Each member of the
Business Assistance Team will act as your “point
person,” leading you to the appropriate City Hall
departments, serving as a liaison and ensuring that every effort is
made to resolve any and all issues.. |
| |
Business District
Program |
Program provides matching funds to new and
expanding businesses in the City to assist in off-setting
development fees, including sewer and transportation impact fees,
building permit fees, and all elements of public right-of-way
infrastructure within the City’s jurisdiction that may
require new installation, repair, replacement, or relocation. |
| |
Orlando Economic Enhancement
District (OEED) |
OEED is a State of Florida program that provides
economic development tools and resources to property owners and
businesses located or considering locating in an OEED area. |
| |
Economic Development
Transportation Fund |
Otherwise known as the “Road Fund”,
offers up to $2 million in grants, through the State of Florida, to
alleviate transportation challenges that impact the location or
expansion of headquarter operations or manufacturing/recycling
facilities The correction of the challenge must serve as an
inducement for the company’s location, retention or expansion
in Florida and create or retain job opportunities. |
| |
Minority Women Entrepreneur
Business Assistance Program (MEBA) |
MEBA is a financial assistance program designed to
retain existing minority-owned businesses located within blighted
communities and to attract new minority-owned businesses to these
areas. The MEBA Program is a pilot program that will initially
focus on small business retention and creation in the Parramore
Community. The MEBA Program will provide qualified new and existing
businesses within the target area, and businesses wishing to
relocate to the target area, both technical and financial
assistance for business retention/relocation expenses, purchase of
capital equipment, marketing and business start-up expenses. |
| |
Neighborhood Commercial
District Revitalization Program (NCDRP) |
Program designed to provide an interest-free,
deferred loan for façade improvements to new and existing
commercial property and business owners, located in the City of
Orlando. This loan will provide assistance with costs related to
physical improvements to buildings in need of enhancement The NCDRP
offers matching loan funds to off-set design and façade
improvement expenses such as painting, wall repair or cleaning;
window repair or replacement; awnings; new or replacement signage;
landscaping; lighting; streetscape and door repair or
replacement. |
| |
Not for Profit Impact Fee
Assistance Program |
Program provides impact fee assistance to
non-profit agencies, located within the City of Orlando, that
undertake construction projects. Eligible costs include
transportation and sewer impact fees that have been assessed by the
City for the project. |
| |
Orlando Enterprise Zone
Program |
Any business located in an Enterprise Zone can
receive tax credits on the state sales and use tax, corporate
income tax and property tax. In addition, if more than 20 percent
of a company's full-time permanent employees live in the zone, the
company earns higher credits and exemptions. |
| |
Qualified Target Industry
Program (QTI) |
The City of Orlando contributes a local match to
make up the total QTI award. |
| |
SBA HUBZone ("Historically
Underutilized Business Zone") |
Administered by the United States Small Business
Administration (SBA), the purpose of the “HubZone”
Empowerment Contracting Program is to stimulate economic
development and create jobs in urban and rural communities by
providing Federal contract preferences to small businesses. |
| |
Urban Job Tax Credit
Program |
Tax Credit taken against either the Florida
Corporate Income Tax or the Florida Sales and Use Tax. The business
must be located within and expanding employment or relocating to
the City of Orlando's designated urban area. |
|
| Seminole
County |
|
| |
Jobs Growth Initiative
Fund |
Funds for expenses such as impact and permit fees,
relocation costs, equipment purchases, land acquisition, building
construction, loan interest pay-down, lease-hold improvements or
any other legitimate business for businesses creating new
jobs. |
| |
Qualified Target Industry Tax
Refund Program (QTI) Local Match |
Seminole County contributes a local match to make up the total
QTI award.
|
| |
Impact Fee Deferral
Program |
Allows a company to defer payment of impact fees
(except school impact fees) from the date of issuance of building
permit to issuance of a certificate of occupancy or time of power,
whichever comes first. |
| |
Fast Track
Permitting |
Expedites the local permitting process for
targeted industries. |
|
| Lake
County |
|
| |
Job Growth Investment Trust
Fund (JGI) |
Cash incentives to companies that create quality
jobs in Lake County. |
| |
Impact Fee Deferral
Program |
Allows a company to defer payment of impact fees
from the date of issuance of building permit to the time of
issuance of a certificate of occupancy. This deferral program may
be used for new construction of industrial or manufacturing
facilities or expansion of existing industrial or manufacturing
facilities. |
| |
Fast Track
Permitting |
This program expedites the planning and review
method for site plan and building permits. It saves companies time
and money in getting projects off the ground. |
| |
Qualified Target Industry Tax
Refund Program (QTI) Local Match |
Lake County contributes a local match to make up
the total QTI award. |
|
| Osceola
County |
|
| |
Impact Fee
Mitigation |
Targeted industries creating more than 10 jobs or
expanding their Osceola County employment by 10% percent (whichever
is greater) can qualify for a mitigation of their transportation
impact fees. |
| |
Fast Track
Permitting |
Program to targeted industries that can expedite
the local permitting process. |
| |
Qualified Target Industry Tax Refund Program (QTI) Local
Match
|
Osceola County contributes a local match to make up the total
QTI award.
|
| |
Enterprise Zone
|
Osceola County Enterprise Zone designated on January 1, 2006.
Designation expires December 31, 2015. Covers 5 square mile area.
Tax credit and refund program.
|
 |
|
