TARGETED INDUSTRY INCENTIVES:
Qualified Target Industry Tax Refund (QTI)
The Qualified Target Industry Tax Refund incentive is available for companies that create high wage jobs in targeted high value-added industries. This incentive includes refunds on corporate income, sales, ad valorem, intangible personal property, insurance premium, and certain other taxes. New or expanding businesses in selected targeted industries or corporate headquarters are eligible.
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 include corporate headquarters or those in designated high-impact portions of the following sectors: clean energy, biomedical technology, financial services, information technology, silicon technology, or transportation equipment manufacturing.
High Impact Performance Incentive (HIPI)
This is a negotiated grant used to attract and grow major high-impact facilities in Florida. Grants are provided to pre-approved applicants in certain high-impact sectors, including clean energy, biomedical technology, financial services, silicon technology, and transportation equipment manufacturing or be a corporate headquarters facility supporting international, national or regional operations.
Quick Response Training (QRT)
The Quick Response Training program provides grant funding for customized training to new or expanding businesses. The program is flexible and structured to respond quickly to meet business training objectives. A local training provider-community college, area technical center or university—is selected and available to assist in the application process and program development or delivery. If the business has a training program in place, a state training provider will supervise and manage the training program and serve as the fiscal agent for the grant funds. Reimbursable training expenses include: instructors/trainers’ salaries, curriculum development, textbooks/manuals and materials/supplies.
Incumbent Worker Training (IWT)
This program provides employers with funds to train currently employed workers in an effort to keep their firms and workers competitive. The program addresses retraining to meeting changing skill requirements caused by new technology, retooling, new product lines and new organizational structuring.
Economic Development Transportation Fund (Road Fund)
This grant program provides up to $3 million to local governments for the construction or improvement of transportation infrastructure needed to accommodate new or expanding industry.
For additional information about Florida’s business advantages, please visit Enterprise Florida’s website at www.eflorida.com or call (407) 956-5600.
For a customized analysis of the various state and local incentives which might be available to your company if you consider expanding or relocating to Glades County, contact:
Tracy Whirls, Executive Director
Glades County Economic Development Council, Inc.
P.O. Box 1003
Moore Haven, FL 33471
Phone: (863) 946-0300
Fax: (863) 946-0777
Cell: (863) 227-2438
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.