Business Incentives

Business Incentives

Florida’s stable economy and highly favorable tax climate enhance its position as a profitable location for business and industry. Incentives for which a particular business may qualify include but are not limited to the following items.

State of Florida Incentives

  • Qualified Target Industry Tax Refund, up to $6,000 per qualifying new job created
  • High Impact Performance Incentive Grant, for pre-determined high-impact facilities
  • Qualified Defense Contractor Tax Refund, up to $5,000 per new qualified job created.
  • Economic Development Transportation Fund, up to $2 million for qualifying road projects.
  • Capital Investment Tax Credit, annual tax credit for up to 20 years for qualifying projects

Ormond Beach Incentives

  • Permit Streamlining, expedited permit review process for business development
  • Ormond Beach Property Tax Reimbursement, real estate and personal property tax abatement for qualified businesses
  • Growth Assistance Funding Programs for job creation and capital investment for qualified businesses
  • Downtown District Property Improvement Grants for qualified projects

Career Source Employment Training Incentives 

  • Quick Response Training Incentives, customized training for qualifying projects
  • Incumbent Worker Training Program, new skills training for qualifying existing employees