State and Federal Incentives
(This web page is for informational purposes only. Please contact the JEDC Business Development team or the individual organizations listed for detailed information and other eligibility requirements.)
Most state and federal incentives are part of the JEDC Public Investment Policy. Companies should refer to the JEDC Public Investment Policy for specific requirements. (click here for more information on the Public Investment Policy).
On this page, you will find general information on the state and federal programs available in Jacksonville as well as links to resources.
Aviation Industry Tax Exemptions
Brownfields Redevelopment Bonus
Capital Investment Tax Credit (CITC)
Clean Energy Incentives Overview
Economic Development Transportation Fund (EDFT)
Enterprise Zone
Empowerment Zone
High Impact Performance Incentive Grant (HIPI)
Jobs for the Unemployed Tax Credit Program
Manufacturing Incentives Overview
Qualified Target Industry (QTI)
Qualified Defense and Space Contractor Tax Refund (QDSC)
Research and Development (R;D) Sales Tax Exemption
Sales and Use Exemptions on Machinery and Equipment
Sales Tax Exemption on Electricity Used in Manufacturing Process
Semiconductor, Defense and Space Technology (SDST) Tax Exemption
Space Industry Sales Tax Exemption
Urban Job Tax Credit (UJTC)
This is one of many sales and use tax exemptions to new and expanding businesses within the aviation industry in Florida.
Exemption Overview
(Return to top)
This is an overview of incentives available to new and expanding clean energy businesses in Florida.
Incentives Overview
(Return to top)
- Capital Investment Tax Credit (CITC)
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. The amount of the annual credit is based on the eligible capital costs associated with a qualifying project. 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.
Companies must apply prior to commencement of operations, operate within designated high impact portions of the following sectors: Life Sciences, Financial Services, Information Technology, Transportation Equipment Manufacturing, and Semiconductors; 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.
CITC Overview
CITC Application (to be used as an attachment to the General Project Overview)
General Project Overview
View Florida Statute 220.191
(Return to top)
- Economic Development Transportation Fund (EDTF)
Designed to alleviate transportation problems that adversely impact a specific company's location or expansion decision. The elimination of the problem must serve as an inducement for a specific company's location, retention, or expansion project in Florida and create or retain job opportunities for Floridians.
An application must be made by the City of Jacksonville on behalf of the company. Up to $3,000,000 may be provided to a local government to implement the improvements. The actual amount funded is based on the cost of the necessary improvements and is limited to $5,000 per job created and/or retained. A waiver of the per-job limit may be granted if the project is located in an area experiencing severe economic distress.
EDTF Overview
EDTF Application (to be used as an attachment to the General Project Overview)
General Project Overview
View Florida Statute 288.063
(Return to top)
- Enterprise Zone
Click here to view Enterprise Zone incentive information page
(Return to top)
- Empowerment Zone
Click here to view Empowerment Zone incentive information page
(Return to top)
- High Impact Performance Incentive Grant (HIPI)
Negotiated incentive used to attract and grow major high impact facilities in Florida. Grants are provided to pre-approved applicants in certain high-impact sectors as designated by the Governor's Office of Tourism, Trade and Economic Development (OTTED). 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: Life Sciences, Financial Services, Transportation Equipment Manufacturing, and Semiconductors; 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 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.
HIPI Overview
HIPI Application (to be used as an attachment to the General Project Overview)
General Project Overview
View Florida Statute 288.191
(Return to top)
- Jobs for the Unemployed Tax Credit Program
Provides incentives to businesses throughout the state that hire qualified employees who were previously unemployed. The business will receive a State corporate income tax credit for every eligible employee hired on or after July 1, 2010. New hires that remain employed after a 12 month period with an average of 36 working hours a week will allow their employer to be eligible for this tax credit.
Program Overview
Application
(Return to top)
This is an overview of incentives available to new and expanding manufacturing businesses in Florida.
Incentives Overview
(Return to top)
- Qualified Target Industry (QTI)
A tool available to Florida communities to encourage quality job growth in targeted high value-added businesses. Pre-approved applicants who create jobs in Florida receive tax refunds of $3,000 per net new full-time equivalent Florida job created; $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.
New or expanding businesses in selected targeted industries or corporate headquarters are eligible. There is a cap of $5 million per single qualified applicant in all years, and no more than 25 percent of the total refund approved may be taken in any single fiscal year.
In order to participate, a company must apply to Enterprise Florida (EFI) prior to making a decision to locate or expand in Florida. In order to qualify for consideration under the program, an applicant must among other items: be in a target industry; create at least 10 net new full-time equivalent Florida jobs and, if an expansion project, increase employment by at least 10 percent (whichever is greater). For a project located in the enterprise zone, the net increase in employment may be waived in special circumstances; pay an average annual wage that is at least 115 percent of the state, metropolitan statistical area (MSA), or the local average wages. For a project located in the designated brownfield area or an enterprise zone, the wage requirement may be waived in special circumstances.
Additional $2,000 per job bonus available for projects within designated high impact sectors OR if a business increases exports of its goods through a seaport or airport in Florida by at least 10% in value or tonnage in each of the years that the business receives a refund.
A wage waiver is available for manufacturing projects if the jobs pay an average wage of at least 100% of the average private sector wage in the area where the business is to be located.
QTI Overview
QTI Application (to be used as an attachment to the General Project Overview)
General Project Overview
View Florida Statute 288.106
(Return to top)
Pre-approved QDSC projects receive tax refunds of up to $5,000 per job created or saved in Florida.
There is a cap of $7.5 million per single qualified applicant in all years and no more than $2.5 million in tax refunds may be received in any fiscal year. Among other requirements, businesses must pay 115 percent of the state average wage and secure a resolution for City of Jacksonville 20 percent matching financial support.
QDSC Overview
QDSC Application for new and consolidating contracts (to be used as an attachment to the General Project Overview)
QDSC Application for conversion to commercial production or facility reuse (to be used as an attachment to the General Project Overview)
General Project Overview
View Florida Statute 288.106
(Return to top)
- Qualified Defense and Space Contractor Tax Refund (QDSC)
- Research and Development (R;D) Sales Tax Exemption
This is one of many sales and use tax exemptions to new and expanding businesses within the R;D industry in Florida.
Exemption Overview
(Return to top)
This is one of many sales and use tax exemptions to new and expanding businesses in Florida.
SDST Exemption Overview
SDST Application
(Return to top)
This is one of many sales and use tax exemptions to new and expanding businesses within the space industry in Florida.
Exemption Overview
(Return to top)
117 West Duval Street, Suite 275, Jacksonville, FL 32202
(904) 630-1858